It's odd that later in the same article, Medmen's CEOstated that NY wasn't a priority.
I wonder if Simple Simon agress? He invested $200 million in Medmen for NY retail stores post-legalziation, if Medmen sells the stores - then what exactly is Simple Simon going to get for INVESTORS money?
But I'm sure they pay Simple Simon $30 million a year for some reason - or so ventura says.
By that point, Bierman had long left MedMen. A different cannabis company, Ascend Wellness, abandoned its plan to acquire the company in August 2022 and MedMen put its New York assets up for sale.
The company’s CEO said in an earnings call that entering the New York market wasn’t a priority. “The regulatory environment in New York remains highly uncertain given the unknown timing of the commencement of adult-use sales, unclear licensing process, and the lack of policing of the illicit market.”