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Major cannabis firm MedMen slashes more than 190 jobs, unloads assets to bolster bottom line

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MedMen, a Los Angeles-based multistate marijuana operator, announced it is laying off more than 190 employees to shore up its bottom line, joining a growing list of cannabis companies shedding workers amid falling MJ stock prices and a dearth of outside funding. The cash-strapped, vertically integrated company also disclosed plans to scale back its store openings next year and delay investments in certain markets, including New York and Arizona. MedMen also is exploring the sale of "certain op...

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