
U.S. Bankruptcy Court Grants First-Ever Protection to Cannabis Company Through Chapter 15
A U.S. bankruptcy court has for the first time recognized a foreign insolvency proceeding involving a cannabis company, granting Chapter 15 protections to The Cannabist Company Holdings’ U.S. subsidiaries
- •A U.S. bankruptcy court recognized a Canadian cannabis company’s insolvency proceeding under Chapter 15
- •The Cannabist Company Holdings operates U.S. subsidiaries in eight states where cannabis is legal under state law
- •The Office of the U.S. Trustee did not object to the Chapter 15 recognition, contrary to past practice
by cannabis companies gain bankruptcy access





