Cannabis retailer MedMen’s financial troubles are a warning for the marijuana industry


MedMen is the best-known cannabis retailer in the United States. Yet, in what could be a warning for the American marijuana industry, it is racing to raise cash to cover its mounting losses. Financial statements released in February showed that MedMen risked running out of money within months unless it raised more money. Last week, MedMen alleviated any immediate financial crisis by securing a $100 million credit line from a cannabis-focused investment company.

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