The dispensary chain MedMen was once the largest pot shop franchise in the US, but they’re closing their Cow Hollow shop in SF today, amidst widespread closures of their stores across California.
Marijuana dispensary chain MedMen was once hailed as the first cannabis “unicorn” company with a billion-dollar valuation, actually a $3 billion valuation in 2018, and the following year they had more dispensaries in the US than any other company. But the formerly so-called “Apple Store of weed” appears to be rotting. SFGate reported in January that MedMen’s valuation had fallen to literally $0, as the company has burned through all its cash and is awash in unpaid bills.
Now SFist has learned that MedMen will be closing its Cow Hollow shop at 1861 Union Street that opened two years ago. Its last day in business will be today, Thursday March 7, according to store staff. The SF shop is the last remaining MedMen location in the Bay Area.
A store associate told SFist Thursday afternoon, “This is our last day of business, temporarily.” There was no timeline given on that “temporarily” qualifier.
Image: MedMen.com
But there are other massive issues that indicate this closure might not be temporary. Namely, the MedMen website