5th Ave Weed Dispensary Looked At Target For Retail Inspiration

5th Ave Weed Dispensary Looked At Target For Retail Inspiration
Retail

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

Grace Kenny
  • 25 april 2018

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.

+cannabis
+consumer goods
+Health
+marijuana
+new york city
+retail
+USA
+wellness

Learn About Our Membership Services

Need Research Help?
As a member you can ask us any research questions and get complimentary research assistance with a 4-day turnaround. Reports inclde stats, quotes, and best-inclass examples on research topics.
Remain Informed & Strategic
We publish several trends reports each month. By becoming a member you will have access to over 100 existing reports, plus a growing catalog of deep topical analysis and debrief-style reports so you always remain in the know.
See Trends Come To Life
Meet your peers and immerse yourself in monthly trend and innovation webinars and discounted conferences.
No search results found.