A $1 billion dollar marijuana dispensary chain is opening a store on New York City's fanciest shopping street — and it …
A customer browses screens displaying recreational marijuana products for sale at the MedMen store in West Hollywood, California U.S. January 2, 2018 REUTERS/Lucy Nicholson
MedMen, a company that operates a chain of marijuana dispensaries, is opening a flagship store on Manhattan’s Fifth Avenue. The store will be for medical marijuana customers at first, but a representative for MedMen says that “momentum is on their side.” It’ll be open for business on April 20.
The marijuana industry is about to make a huge mark on New York City.
MedMen, a cannabis retail company that operates a chain of slick, high-end marijuana dispensaries, is opening a new flagship store on Manhattan’s Fifth Avenue later this month, Daniel Yi, a senior vice president at MedMen, told Business Insider.
“We’re really excited about it,” Yi said. “We want the store to show our vision of the future for cannabis.”
The 2,000 square foot store, located just a couple blocks away from Saks Fifth Avenue and Barney’s, is set to open on April 20th — something of a holiday for marijuana consumers.
Unlike MedMen’s medical dispensaries in California and Nevada, where marijuana is legal for adults to purchase, New York only allows the sale of medical marijuana to license holders. There are only around 33,000 registered medical marijuana patients in New York, out of a population of almost 20 million, according to Marijuana Business Daily.
The store will sell only what’s allowed under New York’s restrictive laws, meaning it will offer three main product lines to licensed medical marijuana users: Tinctures, gel caps, and vaporizer pens, Yi said.
This is what shopping for marijuana looks like in 2018. MedMen styles its dispensaries after Apple Stores. Lucy Nicholson/Reuters
Though you need to have a license to actually purchase marijuana products at the store, anybody can come