The “Apple store of weed” is being sued for $20 million.
Former MedMen CFO James Parker issuing the company for alleged wrongful termination and creating a hostile work environment, “…replete with racial, homophobic and misogynistic epithets and slurs.”
Parker claimed in the lawsuit that his departure in November 2018 “was far from voluntary.” He claims the company forced him to choose between, “…complying with his fiduciary duty [to the company and its shareholders of] turning a blind eye and deaf ear to improper and unlawful behavior at the firm.”
Parker also alleged in the suit that the company’s co-founders, Adam Bierman and President Andrew Modlin, used company funds for their personal benefit. Bierman denied the claims, stating to the Los Angeles Times, “Parker’s accusations are false. It is a meritless claim that will lose in court.”
MedMen was founded in 2010 and went public in May 2018. The company reportedly lost $79 million in its final 2018 quarter and employs more than 1,100 people, according to its website. It has more than 18 stores in five states including New York and has licenses to open another 54 stores in legal states across the U.S.