MedMen plants its retail flag in Venice, California
The self-described largest U.S.-based company in the emerging cannabis market continues to build out its retail footprint.
MedMen has opened its newest marijuana dispensary, on trendy Abbot Kinney Boulevard in Venice, California. It comes on the heels of other high-profile openings in Beverly Hills, and on New York’s Fifth Avenue. The new site, the company’s 13th store nationwide to date, features MedMen’s signature stylish upscale décor, complete with iPad “menus” of the available offerings.
“Today is a truly historic moment,” said co-founder and CEO Adam Bierman said at the Venice opening. “We are standing in front of a marijuana store among some of the most popular restaurants and shops in a major American city, in one of the most popular shopping destinations in the world. This is what mainstreaming marijuana looks like.”
California is the largest legal cannabis market in the world, with total state-sanctioned annual sales projected to reach $7.7 billion by 2021. Nationally, state-sanctioned marijuana sales are projected to reach $75 billion by 2030.
MedMen has cultivation, manufacturing and retail facilities in California, Nevada and New York. The company recently announced it has acquired a medical marijuana license in Florida with right to open 25 dispensaries.
MedMen has opened its newest marijuana dispensary, on trendy Abbot Kinney Boulevard in Venice, California. It comes on the heels of other high-profile openings in Beverly Hills, and on New York’s Fifth Avenue. The new site, the company’s 13th store nationwide to date, features MedMen’s signature stylish upscale décor, complete with iPad “menus” of the available offerings.
“Today is a truly historic moment,” said co-founder and CEO Adam Bierman said at the Venice opening. “We are standing in front of a marijuana store among some of the most popular restaurants and shops in a major American city, in one of the most popular shopping destinations in the world. This is what mainstreaming marijuana looks like.”
California is the largest legal cannabis market in the world, with total state-sanctioned annual sales projected to reach $7.7 billion by 2021. Nationally, state-sanctioned marijuana sales are projected to reach $75 billion by 2030.
MedMen has cultivation, manufacturing and retail facilities in California, Nevada and New York. The company recently announced it has acquired a medical marijuana license in Florida with right to open 25 dispensaries.