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MedMen is a term that encapsulates the evolution of cannabis retail from its nascent stages to a sophisticated, mainstream industry. Originating in 2010, MedMen was founded by Adam Bierman and Andrew Modlin with a vision to revolutionize the cannabis shopping experience. The name itself is a blend of “med,” highlighting the therapeutic aspects of cannabis, and #1excludeGlossary indicating a focus on customer service and community. Initially, MedMen was a small operation, but it quickly expanded, becoming a leader in the cannabis sector with its innovative retail model. Today, MedMen is recognized for its upscale dispensaries and dedication to educating consumers about cannabis. The term “MedMen” has come to symbolize the shift towards a more informed and open dialogue about cannabis, reflecting broader societal changes in attitudes towards this once-taboo plant. [Source: MedMen Official Website, Business Insider]

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MedMen (Wikipedia)

MedMen Enterprises was a United States-based cannabis company. At its peak, it had operations in California, Nevada, Arizona, Florida, Illinois, New York, and Massachusetts. MedMen owns and operates 29 retail stores and 6 cultivation facilities and is currently licensed to expand its footprint to 65 retail locations. Its stock began trading on the Canadian Securities Exchange under the ticker symbol MMEN in 2018. The CSE suspended trading of MedMen's stocks on January 8, 2024 pursuant to cease trade orders from the Ontario Securities Commission and British Columbia Securities Commission, and the stocks were delisted on May 16, 2024. MedMen was also traded over-the-counter in the United States under the ticker symbol MMNFF. MedMen is based in Culver City, California and has more than 1,000 employees.

MedMen
Company typePublic
IndustryCannabis
Founded2010
FounderAdam Bierman
Andrew Modlin
DefunctApril 26, 2024; 16 months ago (2024-04-26)
FateBankruptcy And Liquidation
Headquarters
RevenueIncrease $130 Million(2019)
Number of employees
1,000
Websitemedmen.com
cannabis retailer, marijuana dispensary, cannabis shop, weed store, pot retailer
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