At present, 25 states, including the District of Columbia, have legalized marijuana.
With Federal Bankruptcy Courts Unavailable, Marijuana Businesses Turn to State Options
Federal bankruptcy courts have been unavailable to marijuana businesses due to the Schedule I status of marijuana. The United States Trustee's policy is to move to dismiss or object in each case involving marijuana assets, because they cannot be administered under the Bankruptcy Code.
By
David E. Sklar and Cheryl A. Santaniello 
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