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MedMen Launches Cannabis Delivery Service in the US

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MedMen (MMNFF) closed almost 6% higher on Monday. The company announced the launch of its new California-wide delivery service for cannabis. MedMen also announced a new nationwide loyalty program.

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MedMen’s delivery service

Under the California-wide delivery service, MedMen will make about 400 of its products available to customers at home. Eventually, the company plans to make the service available nationwide. According to the company, the delivery service is the next step in its “evolution” in the cannabis industry. MedMen will take the orders on its website and use its retail locations to make deliveries to customers. 

Getting cannabis delivered at home isn’t a new concept. In Ontario, Canada, you can visit the Ontario Cannabis Store website and order cannabis from the comfort of your home. However, cannabis still isn’t legal in the US. As a result, ordering cannabis can be tricky. There’s even more of an issue due to apprehension about being tracked.

Canada legalized cannabis last year. There were concerns that using a credit card to buy cannabis might cause trouble for Canadians at the US border. There were concerns even though Canadians purchased cannabis legally.

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MedMen’s loyalty program

MedMen’s new loyalty program works like any other loyalty program. Members will be able to earn loyalty points and discounts. They will get rewards for their purchases. According to the company, its loyalty program called “MedMen Buds” has about 40,000 members in just 30 days across 14 stores in California, Arizona, and Florida.

Legalizing cannabis in the US

There’s the potential to expand in other states. However, companies will have to wait until cannabis is legal in the US. The US elections are coming up in 2020. Several candidates already support cannabis legalization. For example, Bernie Sanders just tweeted in favor of legalizing cannabis in the US. Andrew Yang also wants to legalize cannabis. He called the current laws “deeply racist.” While we wait for the US to legalize cannabis, the FBI and FDA continue to the tighten screws on current cannabis players.

Unfortunately, the cannabis sector hasn’t delivered so far this year. On Monday, Canopy Growth (WEED) (CGC) fell to its lowest point in 2019. Also, CannTrust (CTST) keeps getting hit by more bad news.

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