Former Los Angeles Mayor Antonio Villaraigosa is trading in politics for greener pastures.
Villaraigosa was named to the board of directors for the publicly traded cannabis company MedMen, reports KTLA News.
“Few people understand Los Angeles and our home state better than Mayor Villaraigosa,” said MedMen Co-founder and CEO Adam Bierman in a press release. “He will be instrumental in guiding MedMen’s expansion in the Golden State and through his broad network, Mr. Villaraigosa will help MedMen solidify its presence across the country. He has dedicated his career to empowering local communities, and we look forward to his leadership.”
The former LA mayor announced his move to the legal marijuana industry after an unsuccessful bid as California governor. Under his new position at MedMen, Villaraigosa plans to advocate for effective social-equity programs, which have not been fully implemented in California.
“I have a relationship with those communities that’s as strong as anyone’s,” Villaraigosa told the Los Angeles Times. “I understand the goal [of social equity]; I’ve supported it from the beginning. But we’ve got to make it work. Right now, a lot of what we have is doodles on paper.”
Villaraigosa’s hiring is the latest move by MedMen since the company started trading publicly on the Canadian stock market earlier this summer, with a reported pre-money valuation of $1.65 billion dollars.
He also joins John Boehner as the next notable politician to take a position in the legal cannabis industry.
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