MedMen’s new Nevada marijuana cultivation facility spans 45,000-sqft. and cost around $15 million to construct. A majority of the facility’s products will be shipped to the Las Vegas Valley for distribution in licensed dispensaries and retail marijuana stores. It is expected that at least 10,000 pounds of dry flower will be produced within the facility annually.
MedMen plans to create its own brand of marijuana products in Nevada, according to the Las Vegas Sun. Some of those products will include beverages, tinctures, flower, edibles and concentrates. MedMen bought out Panacea Dispensary and will take over that space for their retail operations.
Daniel Yi, spokesperson for MedMen, said, “Our greenhouse facility is 100-percent hermetically closed, meaning nothing comes in except sunlight. Each crop, we will know the exact light wave the plants are getting and the plants’ THC and CBD content.”
Andrew Jolley of the Nevada Dispensary Association said, “It’s another sign that the marijuana industry is expanding and creating for Nevada and our community.”
MedMen prefers to operate in up-and-coming markets where competition is minimal. It allows the company a better opportunity to establish itself, its brand and thrive.
Yi also said, “Nevada was just perfect for us, and we’re excited to be a part of the expansion here.”