Antonio Villaraigosa, the previous mayor of Los Angeles, has been named to the board of administrators of hashish retailer and producer MedMen. The firm, which is predicated in Los Angeles, operates 19 licensed hashish amenities in three states.
“I’m excited for this opportunity to shape the cannabis industry and its commitment to social equity by joining the board of the company that is leading the charge,” Villaraigosa stated on Wednesday in a press launch.
Adam Bierman, the CEO of MedMen, stated that the corporate will faucet into Villaraigosa’s expertise and community of political and enterprise contacts in Los Angeles and the state of California.
“California is the largest legal cannabis market in the world, and Los Angeles is the epicenter of our fast-evolving industry,” stated Bierman.
“Few people understand Los Angeles and our home state better than Mayor Villaraigosa. He will be instrumental in guiding MedMen’s expansion in the Golden State and through his broad network, Mr. Villaraigosa will help MedMen solidify its presence across the country. He has dedicated his career to empowering local communities, and we look forward to his leadership,” he added.
Commitment To Social Equity
In an interview with the Los Angeles Times, Villaraigosa stated that he plans to be half of the hashish business social fairness packages being created in Los Angeles. Such packages search to offer alternatives to individuals of shade and to members of communities disproportionately affected by the War on Drugs.
“I have a relationship with those communities that’s as strong as anyone’s,” Villaraigosa stated. “I understand the goal [of social equity]; I’ve supported it from the beginning. But we’ve got to make it work. Right now, a lot of what we have is doodles on paper.”
Bierman stated that MedMen helps social fairness packages within the hashish business. But he needs to ensure that they don’t turn out to be an excessive amount of of a burden for companies and believes that the previous mayor may help the corporate obtain that aim.
“In his life, he’s been a mediator and a conduit for compromise,” he stated. “How do you make sure a social-equity program is created and exists in L.A that is the gold standard, while also ensuring commercial viability?”
Does The Former Mayor Partake?
Villaraigosa, who’s now 65, stated that he used to smoke hashish when he was younger.
“I grew up in the 1960s; everybody in my neighborhood did,” he stated.
But when he was requested if he had used hashish these days, the previous mayor was not as forthcoming.
“I’m not aware of all the new products out there,” Villaraigosa stated, avoiding the query.
High-End Cannabis Shopping
MedMen was based in California in 2010 and operates 19 licensed hashish companies in California, Nevada, and New York, together with cultivation amenities, processing operations, and retail shops. This week, the corporate introduced it had struck a deal to license the Woodstock model identify for unique use within the hashish business. MedMen locations a heavy emphasis on advertising and seeks upscale buying locations for the situation of many of its shops.
“How do you become the trusted brand in the hearts and minds of the marijuana users of tomorrow? You do it on Fifth Avenue, you do it in Beverly Hills,” Bierman stated.