LOS ANGELES, Nov. 2, 2017 /Weed Wire/ — On the eve of California ushering in the largest marijuana market in the world, one of the nation’s leading think tanks, the Milken Institute will host a panel discussion on cannabis with top industry and policy leaders at its 2017 California Summit on Nov. 8 in Los Angeles.
Tag Archives: MedMen
Big-Name Tech Investors Pour Millions Into Marijuana
The storied Silicon Valley venture firm Benchmark Capital has launched a slew of tech companies: Twitter, Uber, Snapchat, Instagram. Now its search for the next big thing has led it to … pot.
Here Are the 5 New Licensees for the New York Medical Marijuana Program
On Aug. 1, 2017, the NYSDOH announced that it had approved five more registered organizations for the New York Medical Marijuana Program, with each registered organization permitted to cultivate and dispense medical marijuana in the state.
CNBC Presents a Special Episode ‘The Profit: Marijuana Millions’ on Tuesday, August 8 at 10 PM ET/PT
ENGLEWOOD CLIFFS, N.J., July 27, 2017 /Weed Wire/ — On CNBC’s hit primetime series “The Profit,” entrepreneur Marcus Lemonis puts his own money on the line to help save and grow struggling businesses. Now, he’s headed to California, following the recent passage of Proposition 64, a new law that will soon allow any adult to buy cannabis legally. This time, he’s here not to invest, but to explore the business behind what will soon be the largest legal marijuana market in the world.
Cannabis Leader MedMen Continues to Recruit Top Executive Talent
LOS ANGELES, July 25, 2017 /Weed Wire/ — Los Angeles-based cannabis management and investment firm MedMen has added two top executives to its ranks. Kate Denton is MedMen’s new chief marketing officer, and James Parker has joined the Firm’s capital arm as its chief operating officer.
Demystifying and Disrupting the Status Quo at WORLDZ Summit 2017
LOS ANGELES, July 19, 2017 /Weed Wire/ — MedMen Co-founder and CEO Adam Bierman will be a lecturer at the business and culture conference WORLDZ in Hollywood on Aug. 1, where he will share his experience on disrupting the status quo and unlocking huge potentials in the booming, multi-billion dollar cannabis industry.
The Future of Marijuana Arrives in Orange County
LOS ANGELES, June 30, 2017 /Weed Wire/ — National cannabis firm MedMen celebrates the grand opening of its retail location in Orange County, bringing its industry-leading retail experience to more cannabis patients in Southern California.
MedMen Opportunity Fund Closes Below $100 Million Target
On June 12, 2017, the MedMen Opportunity Fund, a California-based private equity fund focused on the legal marijuana industry, filed Form D with the United States Securities and Exchange Commission, indicating that it had raised approximately $60 million of its $100 million offering.
California Cannabis Study: State’s Legal Market Poised for $5 Billion Windfall
As the Golden State prepares to roll out new medical and recreational regulations on Jan. 1, 2018, a recent California cannabis study has estimated that all of that preparation will result in a $5 billion windfall for the state’s legal market.
Former BlackRock Executive Joins Leading Cannabis Firm
LOS ANGELES, April 26, 2017 /Weed Wire/ — Chris Leavy has spoken on behalf of powerhouses like BlackRock and been named “Top 100 Fund Manager” by Barron’s. So what does an accomplished Wall Street asset manager see in the cannabis industry? In one word, opportunity.
Tech Sector Fertile Ground for Cannabis Funding
LOS ANGELES, March 13, 2017 /Weed Wire/ — As cannabis replaces tech as the fastest growing industry in the U.S., legal marijuana is getting a big boost from tech’s past success.
MedMen Greatly Expands its Footprint in 2016
LOS ANGELES, Feb. 27, 2017 /Weed Wire/ — MedMen, a leading cannabis management and investment firm based in Los Angeles, grew its workforce more than five-fold and greatly expanded its footprint in 2016 with new investments and operations across North America, the firm said in its annual report released today.
MedMen Acquires New York Medical Marijuana Company
LOS ANGELES, Feb. 2, 2017 /Weed Wire/ — MedMen, a Los Angeles-based cannabis management and investment firm, announced today that it has acquired Bloomfield Industries, Inc., one of only five Registered Organizations licensed to operate a medical marijuana business in the State of New York.
Illicit Market Underscores Pent-Up Demand for Legal Cannabis
LOS ANGELES, Jan. 27, 2017 /Weed Wire/ — Despite major strides in legalization at the state level, illicit trade still accounts for nearly 90 percent of U.S. cannabis sales on average, according to a recent report on the state of the cannabis industry in North America.
Cannabis Retail Evolving as Industry Goes Mainstream
LOS ANGELES, Jan. 20, 2017 /Weed Wire/ — “On a bustling stretch of Santa Monica Boulevard lined by vintage stores and eateries, the MedMen shop looks right at home,” the Los Angeles Times proclaimed in a front-page article this week headlined “For Pot Shops, a Whiff of Luxury.”
Safety in Numbers Drives Canopy Growth Corp. Higher
U.S. estimates by investment bank Cowen and Company suggest cannabis sales will increase at a compound annual growth rate of 23% over the next decade to US$50 billion. In Canada, it’s estimated that 5.2 million Canadians will consume legalized pot annually by 2021.
MedMen Acquires One of New York’s Struggling Marijuana Providers
On Jan. 9, 2017, MedMen, a turnkey marijuana management company based in California, acquired Bloomfield Industries, one of New York’s five organizations licensed to grow and distribute medical marijuana
Report: Marijuana Funding in 2016 Down Slightly from 2015
On Jan. 6, 2017, CB Insights released a report on annual funding activity for private marijuana companies in 2016, as well as activity for the fourth quarter of the year. According to the report, deals made and dollars invested leveled off in 2016.
Weed Wednesday, Green Friday: Thanksgiving Spikes Sales
“In states where adult use is fully legal, like Colorado and Oregon, cannabis promotions around Black Friday have been common, and we expect we’ll see more of that happening as prohibition eases across the country,” said Adam Bierman, co-founder of MedMen, a marijuana management consulting firm.
First Ever Cannabis Forum for Institutional Investors
LOS ANGELES, Oct. 25, 2016 /Weed Wire/ — With legal marijuana expected to make further inroads this November, MedMen, the nation’s leading cannabis firm, and IMN, a global organizer of institutional finance and investment conferences, announced they will host the country’s first ever cannabis expo for institutional and accredited investors.
Mainstream Investors Warming Up to Pot
LOS ANGELES, Oct. 13, 2016 /Weed Wire/ — Marijuana sales in the U.S. are poised to surpass coffee by the end of this decade.
Cannabis Cultivation and Production Facility Breaks Ground in Washoe County
MCCARRAN, Nev., Oct. 7, 2016 /Weed Wire/ — MedMen, a leading cannabis management and capital firm based in Los Angeles, broke ground Thursday on a new $15 million, 45,000-square-foot cannabis production and cultivation facility in Washoe County, Nevada.
Fiscal Challenges for Medical Marijuana Company in New York
Bloomfield Industries, one of the five organizations licensed by the state of New York to cultivate and distribute medical marijuana, is facing “financial constraints.”
Marijuana’s Investors Prefer To Keep It A Secret
Money seems to be pouring into the cannabis industry as many investors believe the return on these early investments will be huge.
Leading Cannabis Management Firm MedMen Launches $100 Million Investment Fund
LOS ANGELES, June 27, 2016 /Weed Wire/ — MedMen, the only full-service management company serving North America’s legal cannabis industry, has launched the MedMen Opportunity Fund, L.P. (the “Fund”), the first private equity vehicle of its kind.
Why the Marijuana Business Needs Bank Accounts
MedMen Founder and Managing Partner Adam Bierman and Bloomberg’s Keri Geiger discuss cash from legalized marijuana sales and the banking industry.
MedMen Raises $3.75 Million to Launch Operations in Nevada and Illinois
LOS ANGELES, Nov. 13, 2014 /PRNewswire/ — MedMen, the only turnkey management company providing services for the cannabis industry, is proud to announce that it has secured $3.75 million in financing to launch operations in the states of Nevada and Illinois.
MedMen Appoints Chobani Yogurt’s Mike Reifsteck as Chief Financial Officer
LOS ANGELES, Oct. 15, 2014 /PRNewswire/ — MedMen is proud to announce the addition of Michael Reifsteck to their growing team as Chief Financial Officer. Reifsteck joins MedMen with 15 years of CFO experience, getting his start working for “Big 4” accounting firm KPMG, and recently serving as Corporate Controller of Chobani Yogurt.
Soil, Sustainability & Sun Illuminate Cannabis Business Summit
DENVER – The honeymoon phase for legal marijuana continues in Colorado. The National Cannabis Industry Association wrapped up its first-ever Cannabis Business Summit on June 25, 2014. The two-day convention, June 24-25, brought cannabis experts, inventors, consultants and investors together in the Colorado Convention Center in downtown Denver.