Less than a year after being ousted from leadership posts at California-based MedMen Enterprises, former CEO Adam Bierman and ex-President Andrew Modlin have found a route back into the legal marijuana industry – working for a separate cannabis company headquartered in Santa Barbara.
According to multiple industry sources, the MedMen co-founders have been working for several months with Coastal Dispensary, which holds retail, delivery, distribution and manufacturing licenses in multiple cities around Southern California and the Central Coast.
Coastal is co-owned by Colorado cannabis entrepreneur Josh Ginsberg, who co-founded Denver-based marijuana chain Native Roots. Ginsberg and Bierman reportedly have a longstanding relationship.