$140 Million Colorado Marijuana Ownership Dispute Revived By Judge
The long ownership dispute continues
A long ownership dispute over Colorado marijuana retail chain Native Roots isn’t settled, after all.
A Denver judge has thrown out a $140 million arbitration award granted to founders Josh Ginsberg and Rhett Jordan, who were challenging an attempted sale by owner/investor Peter Knobel and his company, Brightstar.
Ginsberg and Jordan were awarded the money in March by an arbitrator who sided with them when they accused Knobel of breach of contract and other missteps in the attempted sale in 2017.
Knobel appealed to a Denver judge, who recently vacated the arbitration award, according to Denver alt-weekly Westword.
District Judge J. Eric Elliff cited “legal error” in how the arbitration was handled.
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