Federal judge denies bankruptcy protection to marijuana business

9/24/14–A U.S. bankruptcy judge has dismissed the case of a Denver marijuana business owner, find saying that although his activities are legal under Colorado law, he is violating the federal Controlled Substances Act. In dismissing the case, filed in U.S. Bankruptcy Court in Denver by Frank Anthony Arenas, Judge Howard Tallman said he realizes the “result is devastating for the debtor.” Read