Non-Paying Vendors Snarl Calif.’s Supply Chain

Photo by Add Weed on Unsplash

When MedMen Enterprises confirmed in January that it had fallen behind on payments to several vendors, including some in California, the news raised concerns throughout the California cannabis marketplace.

The apparent cash crunch surprised many, as the California-based MSO had spent the past two years raising capital and rapidly expanding its business. Adam Bierman, who co-founded MedMen and served as its CEO until resigning in February, had frequently expressed his desire for the company to be the Apple of cannabis.

Its financial travails since then – the . . .