MedMen opens its first medical cannabis dispensary in Florida

Multistate operator MedMen on Friday introduced the opening of its first Florida medical marijuana dispensary, in West Palm Beach – the first of 12 such deliberate storefronts in the state.

The California-based firm stated in a information launch it’s additionally planning upcoming Florida dispensaries in Orlando and Key West.

MedMen might ultimately open as many as 35 dispensaries in Florida underneath state regulation. The firm paid $53 million in 2018 to accumulate Treadwell Simpson Partnership, one in every of Florida’s 14 MMJ licensees.

MedMen is also trying to open a dispensary in Miami Beach, the place it has invested over $1 million in renovations for a location, however these plans have doubtless been placed on maintain resulting from zoning restrictions and a subsequent lawsuit between MedMen and the town that was filed in March.

An organization spokeswoman stated Friday there’s no replace to that state of affairs but or any deliberate storefront opening date.

The West Palm Beach dispensary opening marks yet one more enlargement of MedMen’s footprint, which already consists of medical and leisure cannabis storefronts in Arizona, California, Illinois, Nevada and New York, in accordance with the corporate’s web site. MedMen additionally has a retailer deliberate in Massachusetts.

MedMen is traded on the Canadian Securities Exchange as MMEN and on the U.S. over-the-counter markets as MMNFF.

Get entry to extra in-depth market evaluation, premium options on cannabis investing developments and month-to-month government webcasts with an Investor Intelligence subscription.



Reference

Be the first to comment

Leave a Reply

Your email address will not be published.


*