Los Angeles, Ca
MedMen closes all but 2 SoCal stores, report says
One of the most prominent chains of marijuana stores in California has closed all but two of its locations.
MedMen has shut down operations everywhere except San Diego and near Los Angeles International Airport, according to a report in MJBizDaily.
Closed locations include Santa Ana, Long Beach and San Francisco, as well as stores in Illinois and Nevada, MJBizDaily reports.
The West Hollywood location also closed earlier this year, according to the WeHo Times.
The closures come weeks after the company’s stock value plummeted to zero, leading to the ouster of the company’s CEO and executive chairman.
As of Monday morning, the company’s website says it’s “down for scheduled maintenance,” adding that “we’ll be back soon.”
The company did not respond to MJBizDaily’s request for comment.