The ‘Apple store of weed’ may soon be toast
February 7, 2023
MedMen, which operates a chain of cannabis stores, has gone from being compared to Apple’s retail business to the verge of failure. The chain points to falling prices, excessive debt and competition from illegal sellers as contributing factors that have brought it to the point where it has only $15.6 million in cash and $137.4 million in debt.
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