MedMen

MedMen’s embattled co-founders Andrew Modlin and Adam Bierman have stepped down from their roles on the company’s board of directors.

Protests over the police killing of George Floyd took place nationwide over the weekend; in California, cannabis dispensaries were wrecked and looted, including Cookies and several MedMen locations.

An early investor for MedMen is seeking deeds to the Los Angeles mansions of the company’s former CEO, co-founder, and current Chief Strategy Officer after repayment requests were allegedly ignored.

Adam Bierman — CEO and co-founder of MedMen Enterprises — is stepping down from his official duties starting tomorrow and has agreed to surrender his super-voting shares back to the company.

The CEO of MedMen went on Reddit Friday to answer questions from the general public. After about an hour, he ended the session, leaving numerous questions unanswered.

MedMen has proposed giving its vendors shares in the company instead of cash in an attempt to reduce overhead and conserve funds after its “restructuring” last year.

Medmen Enterprises has announced the cutting of more than 190 jobs; the company says it’s an effort to slim down and focus the cannabis retailer’s national footprint.

The acquisition deal between MedMen and PharmaCann has been called off; the companies announced the deal’s termination as “mutual.”

The spot, two minutes in length, highlights the history of cannabis in America, the ills of prohibition, and the “new normal” of the modern cannabis movement.