How California’s MedMen Is a Leader In The Legal Marijuana Gold Rush

Will MedMen Become The Starbucks of Weed

A quick look at the growing legal cannabis trade through the rapid expansion of MedMen.

It has been said before that legalizing a lot of banned things can lead to progress. Marijuana certainly proved this theory to be true. Legalizing cannabis didn’t just make an alternative treatment to certain diseases more accessible, but it also created a booming industry.

Studies show that spending on legal cannabis can grows up to $57 billion by 2027. However, the numbers that MedMen, the leading cannabis company in the US, has been sharing are also excellent proof that the industry is highly promising.

While there have been a few snags along the way, it will be hard to deny that the legal cannabis trade is booming. Just recently, MedMen made the largest cannabis acquisition in history. Granted, there aren’t a lot of previous transactions of the sort, but that doesn’t diminish the fact that the numbers involved are astonishing.

The company has also been recently listed on the Canadian Stock Exchange. This helped them raise about $110 million. It’s lower than their goal but it’s still a promising figure that signals potential growth.

A lot of market experts also note that MedMen stocks should be watched. They said that its major acquisition is a solid move for the business to establish itself. It’s also said that this is practically the birth of the industry and it will be hard to deny this.

With all of the milestones that MedMen has been reaching, more and more people are already feeling the change and developments such achievements can bring. One of this is how such a large acquisition can affect the distribution of medical marijuana. It can make these once-banned products easier to acquire which can definitely change how people consume the substance.

Who is MedMen?

Before we go into the implications of MedMen’s explosive growth, you might be wondering just how this business became the biggest name in the legal weed trade. Who is MedMen exactly and how did they get so big?

The company started out about nine years ago when the ‘California Ganja Gold Rush’ started. Its founders, Adam Bierman, and Andrew Modlin saw the potential in the trade so they decided to dive in. Over the years, it has seriously grown so much that they were able to open a 45,000-square foot greenhouse and manufacturing facility, hire over 800 employees, and operate 14 retail stores in various states.

They have also just recently started building another manufacturing facility of the same size as their first one. They’re expecting it to start operating in 2019 to better supply the 66 additional retail stores that they are now licensed to operate. They still have 13 more cultivation licenses, though, so the future of the company is very bright.

MedMen is also noted for being the first business to acquire state license for a cannabis business in the city of L.A. They were definitely lucky enough to already be in operation when the recreational use of weed became legal.

Note, however, that MedMen is not just a business for recreational or medical pot. According to the founders, they’re in the wellness trade. In fact, when you visit their stores, they don’t classify their products according to the two aforementioned categories. They categorize their products according to seven states of being that their consumers might want to get to (activity, happiness, fluidity, enlightenment, balance, rest, and wellness) instead.

Another notable thing about MedMen is its overall retail concept. First off, its stores are found in iconic locations like Beverly Hills, the Las Vegas Strip, Venice Beach, and Fifth Avenue, New York. This says a lot about what brand they’re going for.

The stores in itself are worth checking out. They can offer a unique experience with their noteworthy product display and store design.

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Not your average retail store. 🌿 #DTLA

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‘Mainstreaming Marijuana’

Speaking of its retail stores, MedMen’s locations are the best clues as to where the company intends to lead the industry. According to them, they wish to take marijuana to the mainstream and they intend to do that by changing how people perceive the substance.

What the brand wants to do is to introduce the substance to more recreational users. They wish to offer it as an alternative to a glass of wine or a few tablets of Xanax as a way for people to relax and unwind after a long week.

They’re not just about catering to their established ‘stoner’ clientele but want to expand their market beyond their target audience. This is why they promote a more modern approach to weed consumption. They want to make people understand that the substance offers more than what the stoner films of old can bring.

To achieve this, they make it a point to feature edibles and vaping pens, among many others. They offer about 1000 products in store and a lot of them are patented and will provide consumers with new ways to enjoy cannabis.

With this, alongside their retail stores’ eventual growth in numbers, MedMen hopes to entice the mainstream to give cannabis a try. By making the process of acquiring the substance feel normal, casual, and nonchalant, just like how people routinely grab their coffee, they might just be able to expand their business’ reach.

In a way, you can also look at MedMen as a brand that “gentrifies” your cannabis consumption. If back in the day, people had to meet up with sleazy folks or visit dingy and rundown establishments to get their fix, there’s no more need to do that anymore with MedMen around.

This is why it’s so easy to compare it with the rise of coffee consumption in the past decade. If most folks mostly only consumed stale coffee grounds or old diner coffee, Starbucks changed that and made the whole activity a trendy thing to do. As laws on cannabis consumption loosen up a bit around the US, MedMen hopes to do the same thing for weed.

When you look at the bigger picture, recreating what Starbucks did is a very good goal. Ambitious, but at the rate that MedMen is going, it might not be impossible to do. If only more states follow suit in loosening their laws on cannabis use, this industry might just lend a hand to local economies.

Author Details
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.
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Santa Monica, Culver City, Venice, Hollywood, and beyond
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How To Dress Like a Tech Titan

How To Dress Like a Tech Titan

In the world of tech founders and executives, a general disdain for attention to one’s daily wardrobe comes from a desire to maximize efficiency and clear the mind for more important cognitive processing. The thinking is such that eliminating major choices from the daily routine, like what to put on in the morning, frees up the mind to focus on more important work-related decisions. With the likes of Steve Jobs and Mark Zuckerberg taking it so far as to wear the same style of shirt and pants every day, the notion of a ‘work dress code has been adopted by many.

While the Silicon Valley elite uniform often consists of shorts, tees, and hoodies, some of the most notable names in the industry have been able to maintain equipoise between their own unique sense of style and a practicality towards fashion that is almost formulaic.

Creating a signature look doesn’t necessarily entail “silly and frivolous” decision making as noted by Zuckerberg, or a closet filled with multiples of the exact same t-shirt, and can be streamlined for efficacy while still taking into account one’s personal fashion preferences. By creating a capsule wardrobe, or a collection of like-minded items that share similar thematic styling, one can easily interchange the pieces in their closet with minimal energy expenditure while also developing their personal style.

Some of the Valley’s biggest heavyweights have been able to master their craft, break barriers in their field, and create products that have changed the course of history, while also reimagining what an executive in technology looks like. These leaders have methodically approached their wardrobe to master their personal dress code while developing the signature looks we have come to expect of them.

In dressing like a tech titan, often only a handful of staple pieces are required to create the look. While some play it safe and others incorporate more creativity, we’ve rounded up the founders and executives who are pioneering a different version of the tech-uniform.


Jack Dorsey

The Twitter and Square CEO’s style can be summed up as edgy, cool and understated. Dorsey always stands out in a crowd of his peers when opting for leather jackets in lieu of button downs. While he has an affinity for high-end streetwear labels and runway brands, his style can be emulated for a fraction of the price.


Kevin Systrom

The co-founder of Instagram has been at the forefront of his industry for bridging the gap between technology and fashion, opting to bring the same panache to his dress code as he does to his products. Often seen in sports coats, ties and sweaters, Systrom’s preppy chic style looks the part of a CEO in a creative field.

LA Startups - Dress Like a Tech Titan - Kevin Systrom


Evan Spiegel

Spiegel has done an excellent job at crafting the perfect causal off-duty uniform – a practical, no-fuss look without ever being sloppy. The co-founder and CEO of Snap Inc. favor designer sneakers, skinny jeans, and fitted tees, often topped off with a great bomber jacket or puffer coat. The sheer simplicity of his look means he can achieve the Zuckerberg-like efficiency without always wearing the same thing.

LA Startups - Dress Like a Tech Titan - Evan Spiegel


Sheryl Sandburg

The Facebook COO’s go-to mode for dressing is no fuss, classic and professional. She keeps her look simple, knows what works well on her and focuses on impeccable tailoring to maintain her streamlined image. While her style is always poised, Sandberg also adds playful elements to her wardrobe and can frequently be seen in monochromatic pairings (a common style-hack among the best-dressed women in fashion) or leather boots in place of high heels.

LA Startups - Dress Like a Tech Titan - Sheryl Sandburg


Whitney Wolfe Herd

Herd’s style is very playful, put-together and completely on trend, and if you didn’t know she worked in technology you’d assume she had a starring role in fashion. The founder and CEO of Bumble make creative choices with her wardrobe each time she steps on stage and keeps her casual dress code just as well-manicured. Often hosting some of the biggest names in Hollywood and entertainment at her events, Herd’s sense of style is always equally on par with her A-list guests.

LA Startups - Dress Like a Tech Titan - Whitney Wolfe Herd


Angela Ahrendts

Before stepping into her role as the Senior VP of Retail at Apple, she was the CEO of Burberry, so it’s no surprise that Ahrendts has an impeccable sense of her own signature style and a formulaic approach to her wardrobe. Often seen in trench coats (an homage to her Burberry days one can only assume), classic blazers and embellished accessories, she always finds the perfect balance between corporate and fashion-forward.

LA Startups - Dress Like a Tech Titan - Angela Ahrendts

 


 

This article was written by the styling team at MiKADO. MiKADO is full-service Personal Styling firm handling all the shopping and fashion needs of busy individuals who value well-kept wardrobes. Currently serving Southern California, New York City, and the Bay area, their Stylists take care of everything fashion-related on behalf of their customers so that they can dress with ease, while never having to leave home to shop.

MiKADO
Author Details
Personal Styling Services
MiKADO is full-service Personal Styling firm handling all the shopping and fashion needs of busy individuals who value well-kept wardrobes. Currently serving Southern California, New York City, and the Bay area, their Stylists take care of everything fashion-related on behalf of their customers so that they can dress with ease, while never having to leave home to shop.

service@mikadopersonalstyling.com
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MiKADO
Personal Styling Services
MiKADO is full-service Personal Styling firm handling all the shopping and fashion needs of busy individuals who value well-kept wardrobes. Currently serving Southern California, New York City, and the Bay area, their Stylists take care of everything fashion-related on behalf of their customers so that they can dress with ease, while never having to leave home to shop.

service@mikadopersonalstyling.com

How is Coworking Great For The Los Angeles Tech Scene

100 Shared Office And Desk Space to Work in Los Angeles

Check out these 100 coworking spaces in LA.

Co-working spaces have started to take off recently, and it’s all thanks to the need of business locations. A city like Los Angeles tends to have very high rent and purchase prices for real estate, and that means you need to find a great way to acquire new business locations. But if you’re a business or a freelancer that needs a business presence yet which lacks the necessary amount of money, it’s super hard for you to get the job done properly and not worry about possible problems.

And that’s where the need for co-working places comes into play. These locations are very different when compared to a regular office for example. And that’s because there are multiple businesses all residing in a single place.

How is co-working great for the Los Angeles Tech Scene?

Tons of startups want to grow and evolve. And they can totally do that with the right amount of help and support. Even freelancers need a proper business location as they want to avoid working from home. Juice bars and coffee shops are ok for them, but they can end up being problematic as time goes by. You are much better off going for a shared workspace. You do have plenty of space to share with others, yet at the same time, you can fulfill your tasks and just enjoy your time without that much of a problem too.

The Los Angeles co-working spaces are designed with affordability in mind. They are quite affordable, way more affordable than a rental. That’s why most freelancers and startup owners gravitate towards such a place. They also encourage networking, which is why a lot of people enjoy co-working in the first place. It just offers you a way to connect with business professionals in the same industry.

And since the tech industry is booming in Los Angeles, it’s easy to see that the co-working spaces are amazing networking places, to begin with. On top of that, they do offer flexibility. You are free to come and work at any given hour during the day or night. And you also have amenities like coffee machines, fully equipped kitchens and so on. The only difference is that you don’t have to worry about the leasing formalities anymore. And the costs are way lower, which is what makes this entire process very convenient and amazing in its own right.

Who uses co-working spaces in Los Angeles?

It might sound a bit cliché, but every business that wants to grow and save money tends to focus on this type of spaces. And the benefit is that they can easily make quite a lot of money while also avoiding lots of expenses. Every tiny expense matters if you plan on saving money, so it certainly makes a lot of sense to use such co-working spaces.

But the interesting thing is that even some of the large organizations are coming onboard with this. It makes a lot of sense to use co-working spaces especially when they want to transition to a new building. Plus, they can cut the expenses if they want to downsize and use a smaller team, then outsource some of the other tasks.

The great thing is that tons of companies in Los Angeles see co-working spaces as an opportunity, and that’s great for them. Even companies like Merck, KPMG and many others are actively involved in using co-working spaces. So it’s safe to say that there’s a lot of interesting in using such working spaces, and it’s something that you will enjoy and appreciate quite a bit due to that.

How does this affect the rental prices?

Since we are talking about Los Angeles, the rental prices are still very high and they are not going to be lower anytime soon. There’s a huge demand for office spaces in the town, so companies that create co-working spaces are the right solution especially for smaller businesses that want to grow and which need to establish their own presence in the city.

An interesting thing about co-working spaces is that they also provide virtual addresses. That means customers or business partners can easily send inquiries or packages to the company and they will be received at the co-working space. It’s a great way to acquire a Los Angeles office address, and the best part is it costs way less than regular rent prices.

Do these co-working spaces replicate a traditional office?

In some ways they do, because you do have amenities and immediate access to features that are a part of any office. These include printers, scanners and any utilities needed by various companies. Some co-working spaces in Los Angeles have 3D printers too, not to mention they have small conference rooms too. So you can actually create or attend a conference in there without any problems.

You do have to wonder, who is the target for these co-working spaces? As we mentioned earlier, small companies and freelancers are extremely important for those persons that create co-working spaces. However, if we talk about the age range, most of the time the interested persons will be millennials. They are the ones that have lots of great ideas and which lack the funds to create a large business.

The co-working spaces in Los Angeles provide them with enough space to work on their projects, all while still being able to connect with other business professionals. However, you will also find older and more experienced business professionals and freelancers that work from the co-working spaces. They decided to opt for these co-working spaces because they offer more efficiency and a great way to generate leads and new business partners or attracting new clients.

As you can see, more and more co-working spaces are used in Los Angeles, and it’s a great thing to hear. Small and medium-sized businesses are actively focused on innovation, and they want to use all their income to grow and evolve. The last thing they want is to spend most of their money on rent, so the co-working spaces are very convenient for them!

Check out these 100 coworking spaces in LA.

Author Details
Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.
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Santa Monica, Culver City, Venice, Hollywood, and beyond
LAStartups.com is a digital lifestyle publication that covers the culture of startups and technology companies in Los Angeles. It is the go-to site for people who want to keep up with what matters in Los Angeles’ tech and startups from those who know the city best.

8 Best Places to Visit for LA Vintage Shopping

8 Best Places to Visit for LA Vintage Shopping

It’s no secret that you can satisfy your craving for vintage fashion if you’re in LA. But where exactly do you go? While there’s no shortage of shops that offer vintage wares, here are the places you should visit first:

1. Scout

If you’ve got the budget for high-end vintage fashion, then Scout has the goods you’re looking for. Scout is the ultimate trendsetter, as its pieces influence the influencers in fashion.

Location: 8021 Melrose Ave, Los Angeles, CA 90046

2. Rose Bowl Flea Market

You need to be in LA at the right time to enjoy the Rose Bowl Flea Market. But if you can find a way to be at the Rose Bowl Stadium on the second Sunday of the month, then you’re in for a treat. You can visit the best flea market in the entire west coast with more than 2,500 vendors offering you vintage treats for a bargain.

Location: 1001 Rose Bowl Dr, Pasadena, CA 91103

3. Melrose Trading Post

On any given Sunday, you can visit the Melrose Trading Post for unbelievable flea market bargains. Here you can find vintage clothes and antique jewelry and furniture from up to 200 vendors every week.

Location: 7850 Melrose Ave, Los Angeles, CA 90046

4. FIDM Museum

While you can’t actually buy everything you see here, this place will give you an idea of just what kind of vintage clothes are available here in the epicenter of cinema. This museum is located on the ground floor of the Fashion Institute of Design and Merchandising’s downtown LA campus.

Location: 919 S Grand Ave, Los Angeles, CA 90015

5. Paper Moon Vintage

You know a place is into vintage when its motto is “the older the better”. Here, the places are so vintage that pieces from the 1960s are unavailable—they’re too new to be considered! But if you’re looking for some 1920s flapper pizzazz or an outfit to match your Victorian tastes, here’s the place to visit.

Location: 4516 Hollywood Blvd, Los Angeles, CA 90027

6. Tavin

This is where you head on out to if you’re looking for the 1960s and 70s fashion, but it’s also a place where Victorian threads are available as well. This is the hub of gypsy fashion in LA. It’s a surreal and dreamy shop, but you can lose yourself in the dream very easily here.

Location: 1543 Echo Park Ave, Los Angeles, CA 90026

7. Foxhole

What if you’re really into vintage denim? If that’s the case, then it’s a cardinal sin for you to overlook the Foxhole. Here, they really “dream in denim” as denim goes well beyond jeans and jackets. You can find vintage denim ponchos, purses, and even pillows. Try out their vintage denim jackets first, as they’re the first rate. The owners of the place can even stitch your initials on your items if you ask nicely.

Location: 3318 Sunset Blvd, Los Angeles, CA 90026

8. Avalon Vintage

The collection is quite diverse, coming from periods ranging from the turn of the century 1900s to the alternative grunge of the 1990s. whether you’re looking for sweaters from the 1980s or trying for silk jammies from the 1930s, you’ll get your fill of vintage style. In fact, even old music is available here with more than 6,000 records from bygone years.

Location: 106 N Ave 56, Los Angeles, CA 90042

These places just scratch the surface of the LA vintage shopping scene. What’s more, new places open constantly so don’t forget to visit LA regularly to satisfy your urge for vintage!

Author Details
Editor-In-Chief
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.

john@lastartups.com
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Editor-In-Chief
A native Angeleno. John studied engineering at UCLA; founded Schmoozd, an offline social tech networking event in LA with 30,000 subs; ran a startup accelerator (StartEngine). Worked for several major brands like Toyota, DIRECTV, Hitachi, and Raytheon. A mentor at LMU Entrepreneur School. And advises a dozen local LA startups building amazing tech in various industries; also invested in some.

john@lastartups.com