MedMen Quickly Expands In Las Vegas

MedMen raised $325 million since 2016, with a market capitalization of about $1.6 billion


MedMen plans to open its third Las Vegas marijuana dispensary just off the Strip next year as part of an aggressive, $50 million Nevada investment plan.

Daniel Yi, senior vice president of corporate communications, said the MedMen store will be one of its largest locations in the U.S. The company has 14 retail stores in the U.S., including one in Beverly Hills and one on Fifth Avenue in New York City.

MedMen opened its first Las Vegas store earlier this year, and its second opened Saturday. The Los Angeles-based company is rushing to build a significant presence in Las Vegas, which promises to be one of the nation’s top marijuana markets for both sales and exposure.


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