California-based MedMen brings its chain of sleek cannabis stores to New York City, anticipating future legalization for recreational use

MedMen might have earned comparisons to Starbucks, Barneys and Supreme, but with mass scale ambitions it sees itself more in the company of Target and Nordstrom. The cannabis retailer opened its first New York City dispensary last week on Fifth Avenue, the heart of Manhattan’s shopping district. MedMen has stores in Nevada and California, where recreational marijuana is legal. New York allows medicinal marijuana, so the new location will only offer tinctures, gel caps and vaporizer pens to comply with New York laws.

MedMen started in 2010 in Los Angeles and is now worth more than $1 billion. The company recently invested more than $15 million in a marijuana factory that can produce about 10,000 pounds of cannabis per year. MedMen has 12 stores across the U.S., and this marks the company’s fourth store in New York state but first in New York City.

Daniel Yi, MedMen’s senior vice president of communications, said he hopes the store will prompt recreational marijuana to be legalized in New York. “We’re really excited about it,” Yi told Business Insider. “We want the store to show our vision of the future for cannabis.”

MedMen


Lead Image: MedMen via Twitter

MedMen might have earned comparisons to Starbucks, Barneys and Supreme, but with mass scale ambitions it sees itself more in the company of Target and Nordstrom. The cannabis retailer opened its first New York City dispensary last week on Fifth Avenue, the heart of Manhattan’s shopping district. MedMen has stores in Nevada and California, where recreational marijuana is legal. New York allows medicinal marijuana, so the new location will only offer tinctures, gel caps and vaporizer pens to comply with New York laws.