MedMen CEO Adam Bierman has resigned, effective yesterday. If this announcent has caught you off guard, welcome to our humble li’l newsletter.
Technical 420
- Bierman’s recent tenure has been marked by a lawsuit against the company by a former CFO and an untenable burn rate.
Barron’s - MedMen’s board of directors is seeking out a new chief executive. CTO Ryan Lissack is acting in an interim capacity.
- Bierman will also be surrendering his super voting shares.
Quick Hits
- In the middle installment of of a three-part series on legal weed’s crisis point, we get some historical perspecive on how we arrived at it.
MJ Biz Daily
- Their cannabis-forward strides don’t produce major headlines, but mid-size and small municipalities that weren’t participating in the legal cannabis market are now warming to the industry. This week, Colin Kaepernick’s hometown Turlock performed a complete 180-degree turn on legal weed — even got a location approved one block away from a private school that real, live children attend!
Modesto Bee - A Fresno man who has been in the U.S. since he was 1 and a citizen since he was 12 was targeted for deportation after he returned to SFO from Canada. The reason? A 2012 pot conviction.
SF-ist
