MedMen
MedMen sells marijuana properties in California, Las Vegas for $12.5 million
MedMen Enterprises said it agreed to sell three cannabis properties in California and Nevada for roughly $12.5 million, a move aimed at boosting the multistate marijuana company’s liquidity and supporting its expansion.
Southern California recreational cannabis firms struggle with product shortages, licensing and black market
“Growing pains” is an understatement to describe Southern California’s tumultuous recreational marijuana marketplace.
New regulations that took effect July 1 are rattling what was already a turbulent part of the California MJ industry. The industry there also is suffering from product shortages, slow license approvals and a thriving black market.
MedMen corrects statement about acquiring marijuana store from Berkeley Patients Group
California-based marijuana giant MedMen released an inaccurate statement this week saying it had signed a definitive agreement to acquire a licensed dispensary from Berkeley Patients Group, one of the nation’s oldest cannabis retailers.
Weekly Deal Watch: Cannabis investor demand shifts from Canada to US
Canadian investors are turning their attention to the U.S., as multistate operators continue to build their infrastructure.