MedMen

Nevada reviewing alleged campaign illegalities by marijuana MSO MedMen

The Nevada secretary of state’s office is reviewing allegations made by a former MedMen Enterprises executive that the cannabis company’s co-founders made illegal campaign donations to Democratic Gov. Steve Sioslak. The allegations by former MedMen Chief Financial Officer James Parker were contained in a January 2019 lawsuit filed in California and were made public by […]

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Coronavirus sparks marijuana retail workers to try unionizing in Illinois, Massachusetts

The COVID-19 crisis has accelerated unionization efforts at a handful of cannabis stores and dispensaries in Illinois and Massachusetts that, if successful, could result in thousands of dollars in added staffing costs for the multistate operators that own the establishments. Safety concerns are among the issues spurring the unionization efforts, as well as pay, benefits, […]

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High-profile founders leaving US marijuana companies signals new phase for industry

A number of high-profile founders of U.S.-based cannabis companies have stepped down in the past several weeks amid continuing struggles to move their firms toward profitability.  Industry experts suggest this is a sign of maturation among marijuana businesses as investors demand they focus more on profits than raising capital and relying on previously booming stock prices. […]

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Investing in distressed marijuana businesses: Q&A with Trava Capital’s James Parker, former MedMen CFO

James Parker is no stranger to the marijuana industry or distressed-asset investing, and he’s aiming to combine both with a private equity firm he founded in December – California-based Trava Capital. A former chief financial officer at MedMen, Parker made headlines in 2019 by suing the company for breach of contract. Parker began Trava Capital […]

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Multistate cannabis operator MedMen reveals another round of layoffs

Vertically integrated marijuana company MedMen, one of the most high-profile cannabis retailers in the U.S., announced more layoffs on Wednesday. “This week, the company provided layoff notices to an additional 20% of its corporate-level employees,” MedMen said in a news release. “In total, over the past 30 days, the company has strategically reduced its corporate […]

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Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line

MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The cash-strapped, vertically integrated company also disclosed plans to scale back its store […]

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More medical cannabis companies bolster operations in lucrative Florida market following smokable flower ban repeal

A new Florida law repealing a ban on smokable medical marijuana products has given the state’s MMJ market a shot in the arm, prompting large multistate companies to aggressively expand their production, operations and retail footprints. That has injected fresh competition into one of the nation’s fastest-growing medical cannabis markets and loosened the grip of the state’s […]

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Antitrust cloud lifting on cannabis M&A deals, but will some be renegotiated – or even abandoned?

The antitrust cloud hanging over several large mergers and acquisitions in the U.S. marijuana industry appears to be lifting, but its effects continue to linger and could remain a factor if the deals ultimately are renegotiated or even scrapped in a difficult funding environment. In recent weeks, a number of marijuana companies have announced that […]

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