Nevada declares ‘MedMen Day’ as cannabis company continues its expansion

Cannabis connoisseurs, mark your calendars.

Clark County, Nevada, declared October 8 to be MedMen Day after the cannabis company opened its second branded store in Las Vegas.

MedMen Enterprises Inc’s (CSE:MMEN; OTCQB:MMNFF) new store is located near the landmark Hard Rock Hotel and just outside of McCarran International Airport.

READ: MedMen launches slew of cannabis products through deluxe Statemade brand

Customers at MedMen Paradise will be able to view a touch-screen menu in multiple languages.

It will be the first retail location to carry the company’s new product line [statemade], which will offer vape pens, drops, cannabis flower, and pre-rolled joints manufactured at the company’s facility in Reno.

The ribbon-cutting ceremony was attended by state officials, including Senator Aaron D. Ford, Assemblymembers Jim Marchant and Steve Sisolak, the chairman of Clark County Commission and Nevada gubernatorial candidate.

“I see all these young women and men with the red MedMen t-shirts,” said Sisolak. “These are well paying local jobs that this industry is creating in Nevada, and I commend MedMen for setting the bar.”

MedMen operates 19 facilities in California, Nevada and New York and recently acquired a license to open 30 stores in Florida as well as announcing acquisitions in Arizona and Illinois.

Cook tapped for CFO

As the cannabis company expands, it needs more hands on deck.

MedMen recently welcomed Ben Cook as its new chief operating officer, the former senior vice president of supply chain for Sam’s Club.

“It is not often that you get a chance to help build an industry, and I look forward to working with the talented team already assembled at MedMen and lending my expertise to the cause,” said Cook in the company’s press release.

Cook has also led logistics at Apple Inc (NASDAQ:AAPL), Target Corporation (NYSE:TFT), Kimberly-Clark Corporation (NYSE:KMB) and The Home Depot (NYSE:HD).

Shares of MedMen closed up more than 5% to $4.48 by Monday’s close.

Story by ProactiveInvestors