Appeal: Pot-derived assets should be protected in bankruptcy

The federal government cannot passively allow a billion-dollar marijuana industry to flourish by not prosecuting certain crimes and then later deny its participants bankruptcy protection, a new court filing says. By refusing to allow marijuana-derived assets to be protected in bankruptcy in the same way other assets are, the government is passively prosecuting the crimes it had earlier said it would not, "a Catch-22" of the U.S. Department of Justice's own making, according to an appeal filed by a Denver couple whose bankruptcy was dismissed because much of their income was derived from a medical marijuana business.

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