2018 News Archives
MedMen is Burning Through Cash But Will it Pay Off?
They have 19 licensed cannabis facilities operating in 13 states with imminent plans to expand that to 66 retail outlets, but here’s the catch. . . none of them are profitable. That’s right, in an industry where 90% of legal dispensaries report profitability, and 40% of them can claim profits in excess of $500k+/yr, somehow MedMen’s mids aren’t making money.
