The first sentence of their piece certainly makes us want to read the rest of this piece in Forbes !
The long and slow dumpster fire that is the immolation of MedMen, once the largest and the most valuable cannabis company in the United States (on paper, anyway), is burning down to the last ashes.
After watching the beleaguered multi-state cannabis company lose 95 percent of its value and tens of millions of dollars per quarter, the beleaguered and increasingly isolated co-founders, Adam Bierman and Andrew Modlin, quietly and finally exited their now-former company’s board, the company announced on Wednesday.
Lawsuits alleging that the pair ran their company like a “Wolf of Wall Street-inspired personal slush fund, inspired by Steve Jobs and El Chapo” are settled.
(For all the ridiculous details, like the multi-million dollar homes and round-the-clock security allegedly paid for with investor capital, six-figure jobs for people who didn’t seem to do anything, and other (alleged!) clinical delusions, check out this POLITICO deep dive.)
More at Forbes after you’ve read the Politico piece !