Why One Medical Marijuana Company Is Leaving Arizona

By Lauren Gilger
Published: Tuesday, January 7, 2020 - 12:34pm
Updated: Tuesday, January 7, 2020 - 3:07pm

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MedMen medical marijuana dispensary
Jean Clare Sarmiento/KJZZ
The MedMen dispensary near Sky Harbor Airport in Tempe.

And now let’s check in on the legal marijuana industry in Arizona.

MedMen is a Los Angeles-based marijuana cultivation and distribution company with assets in nine states and a valuation exceeding $1 billion. The company made a big splash when it entered the Arizona market, and it contributed extensively to efforts to legalize recreational marijuana in Arizona.

But last month, MedMen announced it was unloading its Arizona holdings and leaving the state altogether.

For more on MedMen and what the move portends for the broader cannabis industry, The Show spoke with with Dan Kingston, editor for azmarijuama.com, a site that tracks the cannabis industry in Arizona.

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