For anyone who wondered why the somewhat unknown Med Men had such a prominent booth at this year's Lift Expo, the answer is here. MedMen is now listed on the Canadian Securities Exchange.
MedMen is the largest U.S. cannabis company right now with more than 800 employees and 18 licensed facilities in California, Nevada and New York. It's also one of the fastest growing companies in the cannabis space. The self-proclaimed "Starbucks of cannabis" saw it's West Hollywood store report a 480 percent revenue increase since recreational weed became legal in California at the top of this year.
Restrictions limit any prominent marijuana marketing campaigns, but you may have heard their podcast ads infiltrate your ears if you listen to either the “Adam Carolla Show” or “Doug Loves Movies.”
According to a rep at the Lift Expo, one of the main aims of MedMen, besides selling high-quality marijuana in fancy-looking stores, is to shatter stoner stereotypes.
Co-founder and CEO Adam Bierman said in a press statement, "By going public, Med Men gives investors a ground-floor opportunity to participate in the enormous and untapped potential of the fastest growing industry in the United States.”
“We are making marijuana mainstream by making it okay for soccer moms and middle-aged professionals to use cannabis products,” said Med Men Co-founder and President Andrew Modlin.
MedMen officially began trading on the Canadian Securities Exchange today (May 29th) under the ticker symbol: MMEN.Posted: Tuesday, May 29th, 3:53pm 7 months ago
Alana seeks to see cannabis from the perspective of politicians, advocates, entrepreneurs, and consumers. She got her start with a byline in the arts and culture section and crossed over into cannabis after using it medicinally. Current projects include investigations into cannabis and wellness; entrepreneurs of the Green Rush; cannabis for athletes; and the evolution of cannabis laws and culture in Canada.