CALIFORNIA: In classic Las Vegas fashion, with red-feathered showgirls and an Elvis impersonator entertaining the crowds, MedMen Enterprises opened its first branded store in the tourist mecca and entertainment capital of the world.
Located at 823 3rd Street in the Arts District and near the Fremont Street Experience, MedMen Downtown Las Vegas is the Company’s 14th store nationwide. MedMen has been operating a second dispensary in North Las Vegas, which won approval last month to move to 4503 Paradise Road near the Hard Rock Hotel, the Thomas and Mack Center and McCarran International Airport. MedMen Las Vegas Airport is currently under construction.
“We’re excited to put an anchor here in Downtown Las Vegas. Nevada is setting an example for the world,” said MedMen CEO Adam Bierman during a ribbon-cutting ceremony attended by local dignitaries and a crowd of onlookers awaiting to enter the store. “This is just the beginning.”
Nevada State Senator Tick Segerblom, a longtime advocate for marijuana legalization, was in attendance. “We are so excited to have MedMen here in Downtown Las Vegas,” said Segerblom. “They are the premiere brand in the world and we can’t thank them enough for coming here.”
Las Vegas City Councilwoman Michele Fiore said, “MedMen is raising the bar. This is not a pot shop. This is a retail store that shatters stereotypes. This is the future of cannabis.”
Las Vegas ranks as one of the world’s most visited tourist destinations, with an average 40 million visitors annually. The historic center of Las Vegas and the original gambling district, the city’s downtown area has been going through a much-touted renaissance in recent years.
Nevada also is one of the fastest growing state-sanctioned marijuana markets in the country. According to the Nevada Department of Taxation, cannabis accounted for about $386 million of the total statewide taxable sales for the period of July 2017 through March 2018, about 19.3 percent of the state’s growth in taxable sales compared to the same period last year.
A leading cultivator, producer and retailer of state-sanctioned cannabis in the U.S., MedMen currently operates licensed facilities in California, Nevada and New York.