A company formed to open and operate Cookies-branded marijuana stores must pay the iconic San Francisco cannabis company almost $18 million in unpaid royalty fees and for unauthorized use of Cookies’ signature intellectual property.
That’s according to a Feb. 14 ruling by arbitrator David Garcia, a retired San Francisco Superior Court judge.
Garcia’s ruling stems from a $100 million lawsuit that Cookies Retail, a Southern California-based company, filed against San Francisco-headquartered Cookies, whose co-founder and public face is musician and social media personality Berner, whose given name is Gilbert Milam.
The arbitration award is not yet final and could increase with the inclusion of attorney fees, according to SFGate.
San Francisco Superior Court records indicate the award of $17,893,394 could be finalized as soon as March 21, unless Cookies Retail files an argument in opposition.
The arbitration award also might negate Cookies Retail’s efforts to collect the $100 million its lawsuit claims investors staked in a nationwide network of Cookies-branded cannabis stores.
However, Roger Scott, an attorney representing Cookies Retail, told SFGate via email that the award is not enforceable and his battle is not over.
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