{"id":1768,"date":"2026-06-15T11:22:01","date_gmt":"2026-06-15T15:22:01","guid":{"rendered":"https:\/\/blogs.duanemorris.com\/cannabis\/?p=1768"},"modified":"2026-06-16T12:22:13","modified_gmt":"2026-06-16T16:22:13","slug":"u-s-bankruptcy-court-cracks-open-door-for-canadian-cannabis-restructurings","status":"publish","type":"post","link":"https:\/\/blogs.duanemorris.com\/cannabis\/2026\/06\/15\/u-s-bankruptcy-court-cracks-open-door-for-canadian-cannabis-restructurings\/","title":{"rendered":"U.S. Bankruptcy Court Cracks Open Door for Canadian Cannabis Restructurings"},"content":{"rendered":"\n<p>By <a href=\"https:\/\/www.duanemorris.com\/attorneys\/timothytbrock.html\">Timothy T. Brock<\/a>,&nbsp;<a href=\"https:\/\/www.duanemorris.com\/attorneys\/paulpjosephson.html\">Paul P. Josephson<\/a> and <a href=\"https:\/\/www.duanemorris.com\/attorneys\/drewsmcgehrin.html\">Drew S. McGehrin<\/a><\/p>\n\n\n\n<p>Cannabis companies had long been shut out of the U.S. bankruptcy system because federal courts refused to administer assets derived from or connected to federally prohibited activity. That meant distressed cannabis operators were left only with state-law options including receiverships, out-of-court restructuring or liquidating assets piecemeal\u2014until now. On May 9, 2026, the U.S. Bankruptcy Court for the District of Delaware did something no federal court had ever done before: acting under Chapter 15 of the Bankruptcy Code \u2013 the U.S. framework for recognizing and aiding foreign insolvency proceedings \u2013 it recognized a Canadian (CCAA) proceeding involving a cannabis enterprise notwithstanding the continuing illegality of marijuana under federal law.<\/p>\n\n\n\n<p><a href=\"https:\/\/emarketing.duanemorris.com\/e\/rlukwmginw7mq8w\/ba406bae-b195-44cb-b399-885855023959\" target=\"_blank\" rel=\"noreferrer noopener\">Read the full <em>Alert<\/em> on the Duane Morris LLP website<\/a>.<\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>By Timothy T. Brock,&nbsp;Paul P. Josephson and Drew S. McGehrin Cannabis companies had long been shut out of the U.S. bankruptcy system because federal courts refused to administer assets derived from or connected to federally prohibited activity. That meant distressed cannabis operators were left only with state-law options including receiverships, out-of-court restructuring or liquidating assets &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/blogs.duanemorris.com\/cannabis\/2026\/06\/15\/u-s-bankruptcy-court-cracks-open-door-for-canadian-cannabis-restructurings\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;U.S. Bankruptcy Court Cracks Open Door for Canadian Cannabis Restructurings&#8221;<\/span><\/a><\/p>\n","protected":false},"author":6,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[2],"tags":[81,63,1128,1129,1127,126,1126],"ppma_author":[714],"class_list":["post-1768","post","type-post","status-publish","format-standard","hentry","category-general","tag-bankruptcy","tag-cannabis","tag-chapter-11","tag-chapter-15","tag-drew-mcgehrin","tag-paul-josephson","tag-timothy-brock"],"authors":[{"term_id":714,"user_id":6,"is_guest":0,"slug":"duanemorris3","display_name":"Duane Morris","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/843ff6e7a8fe5fc92109b47a45f34b6cf0ea499e6e788db23456c838b0ae6747?s=96&d=blank&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":"","8":""}],"_links":{"self":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts\/1768","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/users\/6"}],"replies":[{"embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/comments?post=1768"}],"version-history":[{"count":0,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/posts\/1768\/revisions"}],"wp:attachment":[{"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/media?parent=1768"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/categories?post=1768"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/tags?post=1768"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/blogs.duanemorris.com\/cannabis\/wp-json\/wp\/v2\/ppma_author?post=1768"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}