{"id":61694,"date":"2023-02-09T06:07:31","date_gmt":"2023-02-09T14:07:31","guid":{"rendered":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2023\/02\/09\/cannabis-chain-once-worth-1-7-billion-and-called-the-apple-store-of-weed-is-now-nearly-failing\/"},"modified":"2023-02-09T07:45:42","modified_gmt":"2023-02-09T15:45:42","slug":"cannabis-chain-once-worth-1-7-billion-and-called-the-apple-store-of-weed-is-now-nearly-failing","status":"publish","type":"post","link":"https:\/\/cannabiscultivatornews.com\/home\/index.php\/2023\/02\/09\/cannabis-chain-once-worth-1-7-billion-and-called-the-apple-store-of-weed-is-now-nearly-failing\/","title":{"rendered":"Cannabis chain once worth $1.7 billion and called the \u2018Apple store of weed\u2019 is now nearly failing"},"content":{"rendered":"

Cannabis chain once worth $1.7 billion and called the \u2018Apple store of weed\u2019 is now nearly failing<\/span><\/p>\n

\n
\n
\n
Image<\/div>\n

\"Cannabis<\/figure>\n<\/div>\n<\/figure>\n

Cannabis News<\/a><\/span>
\nFebruary 9, 2023<\/span>\n <\/p>\n

\n

A chain of cannabis stores that was once described as the \u201cApple store of weed\u201d and valued as high as $1.7 billion as a public company, is near financial collapse, according to a regulatory filing as the once-hot pot industry faces a major reckoning. The company, MedMen, said that it has only $15.6<\/p>\n<\/p><\/div>\n