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MedMen to Cut Back Cannabis Holdings Outside California, Focus On Retail Business

Pot Store Chain Reports Record Loss Amid Concerns It Will Run Out of Cash
MedMen opened a retail cannabis store at 6600 International Drive in Orlando, Florida, in October. (MedMen Enterprises)
MedMen opened a retail cannabis store at 6600 International Drive in Orlando, Florida, in October. (MedMen Enterprises)
CoStar News
March 3, 2020 | 9:39 P.M.

MedMen, a cannabis retail chain with a broad reach in the nation's largest pot market of California, doubled its losses and burned through more cash in its most recent fiscal quarter, raising doubts among analysts about the company's ability to keep operating in the same manner.

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