MedMen launches $100M investment fund for cannabis businesses

MedMen launches $100M cannabis business investment fund(Photo credit: Justin Sullivan/Getty Images)

MedMen, a Los Angeles-based cannabis industry management company, announced on Monday, June 27, that the launch of a $100 million private equity fund to finance “strategic investments in supply-constrained, high barrier to entry markets,” according to a company news release.

Chicago investment firm Wicklow Capital is an anchor investor in the MedMen Opportunity Fund, according to Marijuana Business Daily.

“We pride ourselves on being the industry leader in bringing institutional business practices to the cannabis industry,” said MedMen CEO, Adam Bierman. “That thesis continues with the formation of the Fund which provides an unprecedented opportunity to monetize the fastest growing industry in the United States.”

ArcView Market Research predicts the legal marijuana industry will grow by 25 percent in 2016 to reach approximately $6.7 billion in U.S. sales, as

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