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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.

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Big Weed Gets Big Win in the Big Apple

As recently as last year, Gov. Cuomo was on record still referring to cannabis as a “gateway drug” and Nixon’s camp contends that his sudden shift on policy is due to their incessant pressure from his political left flank on the issue. But, in reality, pressure from opponents, voters, or even one’s own morals rarely steer an entire campaign. No… money does.

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Why is Corporate Cannabis Funneling Cash Into Immigration Reform

In the past year and a half, since January of 2017, a small but growing crowd of cannabis industry moguls have quietly donated $69,000 to one particular political action committee called What a Country! – or WACPAC – or the Wack Pack.

WACPAC was founded by Republican Congressman Carlos Curbelo in 2015 with the expressed mission to bring about comprehensive immigration reform.

That’s right, immigration reform.
Not cannabis reform.

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