Chris Wood Quoted in MJBizDaily on Cookies 'Insolvency' Risks
November 20th, 2025The cannabis industry was recently shaken by news that a San Francisco judge ordered Cookies, one of the most recognizable brands in the space, to divert its primary revenue streams to settle an $8.4 million judgment.
Our own Chris Wood, cannabis attorney and adjunct professor at UC Law San Francisco, was tapped by MJBizDaily to weigh in on what this means for the brand's future. As Chris noted in the feature, this situation represents a potential "death knell" for companies utilizing a specific corporate structure.
The Cookies judgment is a stark reminder that a brand is only as strong as its ability to protect its revenue flow. For businesses navigating high-stakes litigation or complex licensing agreements, the structure of your "put options" and debt service clauses can be the difference between a temporary hurdle and a total collapse.
