MedMen

Copperstate Farms expands its marijuana operations in Arizona

Copperstate Farms Management is expanding its footprint in Arizona through an agreement to acquire control of two licensed medical marijuana dispensaries in North Scottsdale and Tempe. The dispensaries, Level Up, were formerly the property of Los Angeles-based MedMen Enterprises and branded as MedMen Arizona. Financial terms weren’t disclosed for the deal, which includes a 25,000-square-foot […]

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MedMen sues Pasadena, California, over rejected retail cannabis application

California-based MedMen filed suit against the city of Pasadena, claiming that its application for a cannabis retail location was improperly disqualified. According to the Pasadena Star-News, MedMen called the city’s decision “arbitrary, capricious and unlawful” and chalked up the ruling as sour grapes from a competitor, Sweet Flower. The city moved to disqualify MedMen – […]

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Flurry of investor interest in Arizona sparked by prospect of recreational marijuana legalization

Investors and cannabis companies are jockeying for a stake in Arizona’s $750 million-plus marijuana market in advance of a likely adult-use legalization ballot initiative in November. If, as expected, residents vote to legalize adult use, the recreational program could launch by next spring. The rec initiative – which favors existing medical marijuana operators – is […]

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More hurdles for marijuana MSO MedMen in Arizona, California – and in court

Bad news continues to pile up for California-based MedMen Enterprises. After the multistate operator’s founders stepped down from leadership roles in January, their replacements have continued to struggle to right the ship, and just last month, MedMen lost a medical marijuana business license in Virginia. Recently, MedMen has been further hit with: A lawsuit filed in […]

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DOJ whistleblower: Attorney General Barr’s treatment of cannabis industry tantamount to ‘harassment’

A career U.S. Justice Department attorney testified Wednesday that antitrust investigations of 10 cannabis mergers since March 2019 were “not even close to meeting established criteria” for such reviews and agreed they amounted to industry “harassment” by Attorney General William Barr. John Elias told a U.S. House Judiciary Committee hearing that antitrust employees were told […]

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Prosecutor: AG Barr ordered politically motivated probes of marijuana mergers

A federal prosecutor will testify before members of the U.S. House of Representatives on Wednesday that U.S. Attorney General William Barr ordered “politically motivated” reviews of 10 marijuana business mergers. The expected testimony to the House Judiciary Committee will come from John Elias, the acting chief of staff for the assistant attorney general and part […]

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MedMen loses Virginia medical cannabis dispensary license

Virginia regulators voted to rescind the medical marijuana dispensary license held by embattled multistate cannabis company MedMen Enterprises in the town of Staunton, less than a month after the state’s governor signed a bill to legalize MMJ. The conditional license was originally granted to Chicago-based PharmaCann, with whom MedMen was set to merge in 2019. […]

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Marijuana MSO execs pinpoint state markets they’re least bullish on – and those they’re eyeing for the future

This is the second installment of a two-part series in which top executives from multistate operators discuss the state-legal marijuana markets they like the most and the least. The first installment can be viewed here. Executives’ comments have been edited for length and clarity. (Click on the orange arrows to advance the slideshow.)

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Why some marijuana MSOs are prospering during tough times

A number of multistate marijuana operators are struggling, unloading assets, cutting jobs and overhead costs as well as scrapping expansion plans amid a looming recession and a shortage of investor funding. But other MSOs are doing well financially: Cresco Labs, Curaleaf, Green Thumb Industries and Trulieve, among others. What makes a successful MSO these days […]

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