MedMen Commits $1 Million to Marijuana Policy Project

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November 17, 2016

Las Vegas (Nov. 17, 2016) - As the cannabis industry gathered this week in Las Vegas for its largest business conference of the year, Los Angeles-based MedMen presented the Marijuana Policy Project with a check for $1 million to aid in the group's ongoing advocacy against Prohibition.

Voters in five states where medical marijuana is already legal; California, Nevada, Arizona, Massachusetts and Maine, are considering whether to fully legalize adult use. North Dakota, Florida, Arkansas and Montana have medical marijuana measures on the ballots.

The check presentation happened during MedMen's exclusive investors party on Thursday at the Rio Hotel & Casino, where the 5th Annual Marijuana Business Conference & Expo recorded its highest attendance to date following last week's sweeping victory of marijuana-related measures in several states. The election results could add as much as $8 billion in legal cannabis sales by 2020.

"Last week our industry scored a big victory," said MedMen CEO Adam Bierman. "But the fight is not over, and it is important for us to remember how we got here. This would not have happened without the tireless work of anti-Prohibition advocates, fighting to reform our broken drug laws."

Mr. Bierman presented the check to MPP Executive Director Rob Kampia during a small, private ceremony. The check represents MedMen's commitment to donate 1 percent of its $100 million Opportunity Fund to MPP and its cause. The Fund, launched this summer, has been raising private equity and investing in projects throughout North America.

About MedMen:

MedMen is a leading cannabis firm based in Los Angeles with operations and exposure across North America. The Firm operates in two areas; MedMen Management offers turnkey services to cannabis license holders, and MedMen Capital makes strategic investments in key markets across the U.S. and Canada. Visit medmen.com.

About MPP

MPP, founded in January 1995, is the largest organization in the U.S. that's focused solely on ending marijuana prohibition. MPP's mission is to change federal law to allow states to determine their own marijuana policies without federal interference, as well as to regulate marijuana like alcohol in all 50 states, D.C., and the five territories. MPP has been responsible for changing most of the state marijuana laws that have been reformed since 2000.

Media Contact
Daniel Yi, Director of Communications
daniel@medmen.com
O: 323-486-2762

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