Prominent brand Cookies’ retail cannabis store in Los Angeles plans to close Nov. 7, co-founder and marijuana entrepreneur Berner has announced on social media.
The closure would be at least the second to affect a Cookies-branded outlet in 2023.
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A separately owned and managed location in Oklahoma City closed this spring.
California-based Cookies licenses its familiar light-blue branding and proprietary, highly recognizable marijuana strains to separate businesses that hold state licenses around the U.S. and handle day-to-day operations under a franchise model.
But the situation in west Los Angeles – where Cookies Melrose’s landlord is asking for a hefty rent increase, according to people familiar with the situation as well as a publicly available real estate listing – underscores how even the sector’s biggest names are not immune to the cannabis industry’s wider struggles.
In a recent Instagram post, Berner said he “dreaded this day and
Read full article on Marijuana Business Daily
