Marijuana-Related Businesses Ineligible for Remedies Under Federal Law Have Other Options
By Michael J. Riela, Partner, Tannenbaum Helpern Syracuse & Hirschtritt LLP
More and more U.S. states have legalized the cultivation, distribution, and use of marijuana. Some states have legalized it only for medical purposes, while others have also legalized it for recreational purposes. As two examples, New York State recently enacted the Marijuana Regulation and...
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Michael Riela is a partner at Tannenbaum Helpern Syracuse & Hirschtritt LLP in New York City. He advises clients in complex business bankruptcy, restructuring, and workout matters. He is also an experienced general business attorney, advising clients in general corporate, finance, and litigation matters. Riela’s clients primarily include distressed companies, officers and directors, indenture trustees, hedge funds, private equity firms, landlords, professional services firms (including major accounting firms), trade creditors, contract counterparties, and shareholders.