Cannabis Blog

DOJ: No Bankruptcy Aid For Marijuana Businesses

Category: News | Posted on Sun, December, 10th 2017 by THCFinder

The discrepancy between federal and state laws regarding legal cannabis oftentimes make it tricky for marijuana businesses to operate like a traditional company.


For example, they are unable to utilize traditional banking due to its status as a Schedule I narcotic, and they don’t have the access to a plethora of protections typical businesses consider standard.

One such protection is the right bankruptcy aid, and the U.S. Department of Justice has been quick to remind the cannabis industry that they cannot file for bankruptcy under any circumstances.

No Bankruptcy Aid For Marijuana Businesses, Says the Department Of Justice

In an article published by the American Bankruptcy Institute last Friday, director of the Justice Department’s Executive Office for U.S. Trustees, Clifford J. White III, and the trial attorney for the agency, John Sheahan, explained that cannabis businesses cannot claim bankruptcy because of their lingering Schedule I status.

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Meet The ‘Father of Marijuana Research’

Category: News | Posted on Sun, December, 10th 2017 by THCFinder

Decades later, the 87-year-old Israeli chemist is known widely as the “father of marijuana research,” after he used those 5 kilos to discover THC (marijuana’s psychoactive ingredient) in the 1960s, and then later discovered the structure of CBD (its non-psychoactive ingredient, often used for medicinal purposes). Over the years, the U.S.'s National Institute on Drug Abuse (NIDA) has funded much of his extensive research, including examining the effects of marijuana on epilepsy, nausea, anxiety and schizophrenia.

Below is a Q&A with Mechoulam, lightly edited and condensed for clarity. 

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What strain are you smoking on today?

Category: Fun | Posted on Sat, December, 9th 2017 by THCFinder


The Wolf Of Wall Street - Lemmon/Quaalude

Category: Videos | Posted on Sat, December, 9th 2017 by THCFinder



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