Cookies, one of the most recognizable brands in the cannabis space, is set to collect $22.7 million from a nationwide retail partner that failed to pay agreed-upon royalties and misused the brand’s recognizable intellectual property to raise capital, according to a final arbitration ruling.
But that partner – a company called Cookies Retail, which owns and operates several dozen Cookies-branded marijuana stores throughout the United States – is attempting to undo the ruling in court, documents show.
ADVERTISEMENT
The June 2 final award from retired San Francisco Superior Court judge David Garcia follows an initial, Feb. 14 ruling that awarded Cookies $18 million.
The final award includes $17.8 million in damages plus $4.8 million in costs and fees.
In his ruling, Garcia found that “Cookies
Read full article on Marijuana Business Daily
