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Expert Analysis

Options For Failing Marijuana Cos. And Their Creditors

By Brett Theisen ( June 15, 2018, 1:15 PM EDT) -- In 2012, Colorado and Washington became the first states to legalize the sale and use of recreational marijuana. Additional states have followed with both recreational and expanded medical use laws, and the "legal" cannabis industry has seen tremendous growth. Colorado's marijuana tax revenues increased over 57 percent from fiscal year 2015-16 to fiscal year 2016-17; other states have experienced similar revenue surges.[1] A recent study found that nationwide legalization would create at least $132 billion in tax revenue and more than a million new jobs across the United States in the next decade.[2]...

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