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Pasadena Cannabis Finalist MedMen Faces Increased Scrutiny

Yes The scene at the MedMen downtown Las Vegas store opening event in July, 2018. Photo by Business Wire

(UPDATED) This story has been updated with further comments from MedMen.

One of the six highest-ranked applicants for Pasadena’s cannabis retail licenses is facing increased scrutiny from the City following disclosure of a lawsuit by a former employee alleging racial and sexual discrimination by the company’s CEO.

Vice Mayor Tyron Hampton told Pasadena Now Wednesday, “If there’s any validity to any of these accusations, as one councilmember or as the Vice Mayor of Pasadena, I will ask for the city to revoke their application.”

Hampton also discussed the matter, without specifically naming the company, at Monday’s City Council meeting.

MME Pasadena Retail LLC, is a California-based subsidiary of MedMen Enterprises, Inc., a British Columbia company more popularly known as “MedMen,” whose stock is publicly traded on the Canadian Securities Exchange. The enterprise’s ownership is spread around a complex web of corporations and limited liability companies formed in British Columbia, Nevada, Delaware, the British Virgin Islands, and California, according to documents filed in court.

MedMen was the lowest-ranking of the six cannabis license finalists which were announced last week.

According to a wrongful dismissal lawsuit filed in Santa Monica in January, former MedMen CFO James Parker alleges that at MedMen he was “confronted with an environment replete with racial, homophobic and misogynistic epithets and slurs, drug and alcohol abuse, personal humiliation occasioned by the words and deeds of the CEO Adam Bierman, and Andrew Modlin, president of the company, profligate spending by both the CEO and president, their indifference to management’s fiduciary duty to the company and its shareholders, and their disdain for compliance with the law in general as well as the laws regulating publicly traded companion in the cannabis industry.”

To Read The Rest Of This Article By Eddie Rivera on Pasadena Now

Published: June 14, 2019

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