MedMen, a cannabis management consultancy in Los Angeles, announced it has launched a $100 million private equity fund to invest in companies that are in markets with high barriers to entry and a limited number of licenses.
The new MedMen Opportunity Fund also will own part of MedMen’s management company, which will serve as the fund’s operating partner, the firm announced in a press release.
MedMen was founded in 2009 and has worked with more than 100 cannabis-related businesses.
In March, MedMen secured its $15 million funding package through an investment from venture capital firm Cap-Meridian Ventures, which is based in New York City.
