20 people to watch in 2018

The cannabis industry is poised for huge growth in 2018 thanks in part to the expected launch of several massive new marijuana markets such as California and Canada, which will generate billions of dollars in sales and create tens of thousands of business opportunities.

The changing business climate will lead to new challenges, struggles and, potentially, failures for companies and the individuals behind them.

As we hurtle into 2018, the editorial staff at Marijuana Business Magazine – which is published by Marijuana Business Daily – singled out 20 executives in the cannabis space who bear watching in the year ahead.

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US cannabis firm MedMen to go public in Canada to ‘add jet fuel’ to growth plan

Count California-based MedMen as the latest U.S. marijuana company looking to Canada to raise money. The management and investment firm, which operates dispensaries and production facilities in California, New York and Nevada, plans to go public in Canada later this year, CNBC reported. The company will list its shares on the Canadian Securities Exchange (CSE). The move into Canada […]

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MedMen seeks $250 million raise for marijuana private equity fund

Marijuana management firm MedMen is aiming to raise $250 million to invest in cannabis businesses in the California, Nevada and New York markets. The fund, called MedMen Opportunity Fund II, is going to specifcially target plant-touching companies, including retailers and growers, Bloomberg reported. The fund will also look particularly at tourist destinations, including Los Angeles, […]

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MedMen acquires troubled New York medical cannabis licensee

MedMen, a California-based marijuana management and consulting firm, has acquired Bloomfield Industries, a financially troubled New York cannabis business license holder that in recent months has been unable to pay vendors and has been casting for new investors. A New York Health Department spokeswoman emphasized to Politico that Bloomfield would not be transferring its license to MedMen, […]

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MedMen gives MPP $1 million for advocacy efforts

The cannabis management consultancy MedMen has contributed $1 million to the Marijuana Policy Project to support efforts to end cannabis prohibition. The check presentation occurred at the Los Angeles company’s party in conjunction with this week Marijuana Business Conference & Expo in Las Vegas.  “Last week our industry scored a big victory,” MedMen CEO Adam Bierman said […]

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MedMen Inks $15M in Financing for California Expansion

MedMen, a cannabis management consultancy in Los Angeles, said it raised $15 million in venture financing and will announce a “series of deals” in coming weeks as it expands its operations in California. It marks one of the largest venture capital deals in the industry to date. “With California being a central focus for us […]

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Marijuana Company Announces $3.75M in Funding

In yet another signal that high-end investors are getting more comfortable with throwing serious money at the cannabis industry, marijuana management firm MedMen has announced that it secured $3.75 million in private funding to aid its national expansion. According to a report from Fortune, MedMen garnered the bulk of the cash from healthcare investing company […]

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Marijuana Companies Partner to Fuel Multi-State Growth

Two established marijuana companies in California are teaming up to tap emerging MMJ markets and further expand their brands nationally. Under a partnership announced this week, G FarmaLabs – which makes infused products and grows its own cannabis – will take over production and oversight for all of MedMen’s management contracts in in Illinois and […]

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Former Israel MMJ Exec Tapped by Cannabis Consultancy

A national cannabis consulting firm has brought on a key architect of Israel’s medical marijuana program to serve on its executive team. Mimi Peleg – who helped implement and manage Israel’s state-run MMJ program – will serve as the director of training for California-based MedMen, the company told Marijuana Business Daily. Peleg was the director […]

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