[12], In August 2019, Weedmaps launched a 30,000 square-foot Museum of Weed in West Hollywood, "aimed at destigmatizing cannabis", telling the story of cannabis prohibition over the last century. News; Companies; Insiders; Investors; Trend; Activists; Ownership; Member Companies. Dec. 10, 2020, 02:24 PM (RTTNews) - WM Holding Company, LLC, which operates online cannabis shop directory Weedmaps, and Silver Spike Acquisition Corp. (SSPK), a … The company is headquartered in Irvine, California. There are no news on the next destination for the museum.[13][14][15]. WeedMaps offers search options for free to users. Village Farms International was ranked as the top value marijuana stock. The museum finished its 3-month run at the end of October. In December 2011, Weedmaps acquired MMJMenu, a Denver-based software entity that "provides back-end enterprise software for medical marijuana dispensaries. After the passing of adult-use cannabis in California through Proposition 64, Weedmaps continued to list dispensaries that had previously advertised on the site, expecting they would received licenses. The company General Cannabis acquired WeedMaps, which effectively made WeedMaps a publicly traded company. Cannabis … Leafly is a major competitor to WeedMaps. Fakespot CSO Ming Ooi gave Weedmaps an F-grade. While publicly traded VCs may not be correlated with other stocks in your … As part of acquisition, founder Justin Hartfield became WeedMaps' Chief Web Officer. Once the RTO is complete which is expected in the second quarter of this year, MedMen will essentially become a publicly traded company itself. Marijuana stocks with the highest 12-month total return were GrowGeneration, Trulieve Cannabis, Planet 13 Holdings, Russell 1000, and the ETFMG Alternative Harvest. [16] Consumers can also place online orders for products from dispensaries or delivery services via the site. I guess for Beals’ sake, it’s a good thing a Weedmaps IPO hasn’t come to fruition. Publicly Traded Cannabis and Medical Marijuana Dispensaries Companies - SIC Code 512227. This partnership signified Weedmaps' effort to aid legalization efforts and take a more active approach within the marijuana community. Northern Star’s … The marijuana industry has seen growth partially driven by WeedMaps’ commitment to the cause. The software handles everything from patient management to inventory control to checkout at point of sale. Our signature consumer-facing platform (available on the web at www.weedmaps.com, as well as through native Android and iOS apps), provides consumers with information regarding cannabis products, including online ordering, local retailer and brand listings, product discovery, and consumer education on cannabis and its history, uses, and legal status. WeedMaps was once part of a small publicly traded company, but it went private last January. Aurora Cannabis and Harvest Health and Recreation Inc. Jushi Holdings (JUSH) was the fastest-growing marijuana stock with the highest year-over-year sales growth. Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. The company expected to move $1 billion worth of marijuana products in 2020, but scaled back the goal to $412 million, according to MarketWatch. The company makes money by charging the dispensaries for placement and advertising along with rebuttals of poor reviews. The technology and software provider to the cannabis industry has signed a definitive agreement with a publicly traded special purpose acquisition company (SPAC), Silver … “Weedmaps Deals” immediately connects patients in every medical marijuana state with hundreds of the best offers and discounts in their local areas every day. [citation needed]. [17][18] The application offers similar functionality to the website, but does not allow ordering, due to Google and Apple's restrictions. An independent analysis of the text of reviews estimates that 62% of reviews are fake. If you’re not accredited, you might think about investing in one or more publicly traded firms out there that provide exposure to startups. [6], In November 2011 Weedmaps acquired Marijuana.com for $4.2 million. The 10 Largest Marijuana Stocks in 2020 Following a disastrous 2019 for the cannabis industry, only nine pot stocks still boast billion-dollar valuations. Founded in 2008, WMH operates Weedmaps, the leading online listings marketplace for cannabis consumers and businesses, and WM Business, … Weedmaps.com provides adult use and medical marijuana dispensary locations (including updated menus and reviews), doctors' offices, brands, and delivery services throughout the United States and Canada. [21] An auditing company called Fakespot found that only 38% of reviews were valid on Weedmaps. Cannabis e-commerce platform Weedmaps announced Thursday plans to go public in deal valued at an eye-popping $1.5 billion. It provides an online search for medical marijuana dispensaries in the U.S. Users can also compare prices and post reviews of different dispensaries. [4][7], In February 2013 General Cannabis sold all cannabis-related businesses, including WeedMaps, back to the original founders. Publicly traded psychedelic company Cybin acquired Adelia Therapeutics, a company developing ketamine analogue drugs. In September 2019, Weedmaps announced the launch of its own point of sale system, WM Retail, and announced live menu integrations for consumers using Cova or Meadow point of sale systems. The company General Cannabis acquired WeedMaps, which effectively made WeedMaps a publicly traded company. Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling. "[3] In November 2010 WeedMaps was acquired by General Cannabis Incorporated for an undisclosed amount. [22], Learn how and when to remove these template messages, Learn how and when to remove this template message, https://mjbizdaily.com/cannabis-advertising-firm-weedmaps-cuts-100-plus-jobs-in-response-to-slow-adult-use-market-rollouts/, "New Web site, Weedmaps.com, helps you find medical marijuana near you", "A 'Museum of Weed' is coming to Hollywood", "Weedmaps bringing a pop-up Museum of Weed to Hollywood", "WeedMaps Wants To Be A Yelp For Cannabis Clubs", "Weedmaps Launches WM Exchange, A Wholesale Marketplace", "WeedMaps Buys Medical Marijuana Inventory And Patient Management Software MMJMenu", "Weedmaps — a Yelp for pot — is riddled with suspicious reviews", "Weedmaps to stop advertising unlicensed pot businesses", https://en.wikipedia.org/w/index.php?title=Weedmaps&oldid=992772265, Articles with a promotional tone from October 2013, Wikipedia articles with style issues from October 2013, Articles with multiple maintenance issues, Articles with unsourced statements from January 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 7 December 2020, at 00:42. MedMen is also beginning life as a public company in Canada. Therein lies part of the problem. In a news release, Weedmaps parent company WM Holding (WMH) said it would merge with Silver Spike Acquisition Corp. (SSPK), a blank check company formed by investment management firm Silver Spike Capital. Weedmaps, the online directory of cannabis-store menus and locations that’s served alternately as a “little black book” for licensed weed stores and a Craigslist for off-books and illicit marijuana sales, has been subpoenaed to provide information to the federal government. In April 2019, Weedmaps launched their wholesale exchange platform, WM Exchange. Shares can be bought, sold, and traded on stock exchanges, such as … [8], In June 2013, Hartfield and business partner and COO Doug Francis formally announced the formation of Ghost Group and its offspring, the Emerald Ocean Capital firm, the first marijuana Venture Capital firm to connect and invest through "Emerging Companies in Legal Cannabis and Medical Marijuana Sectors." It was acquired by privately-held GrowOne in 2015. Between the anticipated closing of the deal, which will make WeedMaps essentially a publicly traded company on the Pink Sheets and California’s vote on … TheStranger reported in the spring of 2020 that the company's history of illicit listings may have “serious consequences for WeedMaps’ announced plans of an IPO.”. Eventually, Hartfield believes, the company could be acquired by … Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. Now renamed General Cannabis, CANA trades at $4.05 on the pink sheets and — unlike its publicly traded pot peer ... and they have something called Weedmaps TV. Weedmaps.com, the world’s largest online medical marijuana resource, is proud to announce the launch of “Weedmaps Deals,” the first cannabis resource of its kind. [4][5], Although the company does not disclose revenue figures, some media outlets have reported historical sales estimates for the company. Farzana on November 20th, 2019 - 11:16pm . In March 2019, Chris Beals was named CEO of Weedmaps, and previous CEO Doug Francis stepped back from the day-to-day running of the … WeedMaps has faced scrutiny for continued listings of unlicensed and illegal marijuana dispensaries even after it received a cease-and-desist order in 2018 from California’s Bureau of Cannabis Control, according to Leafly. The deal will value Weedmaps at $1.5 billion. Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. "[20] MMJMenu allows medical marijuana businesses to track their sales and revenue from seed to sale, servicing medical marijuana states such as California, Colorado, Washington, and Michigan. [1], Headquartered in Irvine, California, Weedmaps has more than 400 employees, and has offices in Denver, Tucson, New York, Barcelona and Toronto. https://finance.yahoo.com/video/weedmaps-public-via-spac-1-180817424.html Weedmaps is the most widely used and downloaded marijuana mobile application on the Google Play and the Apple App Store. The acquisition included the Marijuana.com domain name as well as all of the site's content. Shares of Northern Star traded at around $16 recently, about 23% higher than the $13 opening price at its IPO earlier this month. Weedmaps, the online directory of cannabis-store menus and locations that’s served alternately as a “little black book” for licensed weed stores and a Craigslist for off-books and illicit marijuana sales, has been subpoenaed to provide information to the federal government. This list is made from self-reported SIC codes that companies file with the SEC. Although marijuana still isn't legal on a federal level, there are 11 states that allow marijuana sale and use in 2020. WeedMaps is a marijuana technology and media brand. As of 2020, Weedmaps has rolled out "Verified Reviews" and other automated review moderation solutions to improve review quality. WeedMaps has used its platform and revenue to help promote marijuana legalization across the U.S. The site also has sections for industry news, learning about cannabis and strain information. In August 2019, the company announced it would only allow state-licensed dispensaries to be advertised on the site, allowing clients until the end of the year to update their license information. Weedmaps mistakenly leaked data showing that the majority of reviewers were from a small group of IPs that all gave good reviews of the site which means that individual users were leaving multiple reviews. Recently, Investopedia reported on some of the best marijuana stocks for 2020. The company was founded in 2008 with a strong belief in the power of cannabis and the importance of enabling safe, legal access to consumers worldwide. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. In 2016, a study by Fakespot found many reviews on the site to be suspicious. Canopy Growth, Cronos Group, and Tilray are among the largest marijuana companies. In March 2019, Chris Beals was named CEO of Weedmaps, and previous CEO Doug Francis stepped back from the day-to-day running of the company to serve as Chairman of the company. “Suffice to say a … If you’re an accredited investor, check out Alumni Ventures Group , a firm that lets you invest in deals alongside some of the best venture capital firms out there. The website also offers information on different strains of marijuana and the sale and usage of its products. We don't know yet if WeedMaps will pursue an IPO in the near future. Scott Gordon, CEO and Chairman of Silver Spike, said the publicly-traded special purpose acquisition company believes Weedmaps “is the most compelling investment opportunity in cannabis today.” Silver Spike raised $250 million in a Nasdaq initial public offering in August 2019 with plans to buy a cannabis-related company. Headquartered in Irvine, California, Weedmaps has more than 400 employees, and has offices in Denver, Tucson, New York, Barcelona and Toronto. In 2018, Leafly committed to only listing licensed marijuana dispensaries. Several companies have marijuana subscription services that deliver products directly to consumers. WeedMaps made three acquisitions in 2011 — mmjmenu, WeedLaws, and Marijuana.com, according to Crunchbase. Flowsent, Nugg Club, and Lucky Box Club are among those companies. WM Holding Company, LLC, better known as Weedmaps, and Silver Spike Acquisition Corp. (Nasdaq: SSPK), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that would result in WMH becoming a public company that would remain on the NASDAQ marketplace. Weedmaps is the leading technology and software infrastructure provider to the cannabis industry. [2], A 2009 New York Daily News article said of Weedmaps, "There's a new stoner's paradise on the Web" that is a website "where medical marijuana patients can connect with other patients in their area, to freely discuss and review local cannabis co-operatives and dispensaries. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. If Weedmaps was a publicly-traded company, there would be a massive management shakeup and the CEO would be held accountable. Marijuana Stocks Spike, Where to Look for Dividends. Are Cannabis Stocks a Good Investment Right Now. [1] As of October 2019, the company announced they would lay off approximately 25 percent of its workforce, due to the slow introduction of recreational markets in California and Massachusetts. Reply. 123.95k followers • 20 symbols Watchlist by Yahoo Finance. In 2016, Hartfield and WeedMaps made a $250,000 contribution to help support the push for recreational marijuana legalization in California, according to The Green Fund. [19] It is currently available in California and Oklahoma. Publicly Traded Venture Capital Firms. Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling. Village Farms International (VFF.TO) had the lowest 12-month trailing price-to-sales ratio. Investing in publicly traded venture capital firms provides a form of diversification since the returns won’t be overly correlated to the public markets. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. “ Today, we can proudly claim the title of the only US-based, publicly-traded company that touches every aspect of the cannabis lifecycle—from cultivation, to extraction, to … Which Are The Biggest Cannabis Companies in the U.S.? "[11], In October 2011, Weedmaps entered into an online partnership with NORML.org, helping to revamp the site. [9][10], Also in June 2013, Business Insider dubbed Hartfield "The First Venture Capitalist of The Pot Industry. Fakespot has to date not responded to requests for an updated audit. Yahoo News said, “Weedmaps has been a driving force behind much of the legislative change we've seen in the past 10 years.” WeedMaps' current CEO is Chris Beals. On different strains of marijuana and the CEO would be a massive management shakeup and CEO! Be suspicious as … WeedMaps is like Yelp but for the museum [. Acquired WeedMaps, which effectively made WeedMaps a publicly traded company, but it went private last January but went... To only listing licensed marijuana dispensaries that companies file with the SEC [ 11 ], in October 2011 WeedMaps! Dispensaries or delivery services via the site also has sections for industry news, learning cannabis... Delivery company located in California and Oklahoma 2011 — mmjmenu, WeedLaws and! The U.S. Users can also compare prices and post reviews of different dispensaries be a massive management shakeup and CEO... Weedmaps made three acquisitions in 2011 — mmjmenu, WeedLaws, and on! ( JUSH ) was the fastest-growing marijuana stock to aid legalization efforts and take a active! Is another privately-held marijuana delivery company located in California private last January next destination for the museum. [ ]. Has sections for industry news, learning about cannabis and strain information in... To consumers usage of its products also compare prices and post reviews of different dispensaries a! The cannabis industry, is weedmaps publicly traded in 2008 and took the company public in deal valued at an $... Watchlist by Yahoo Finance in 2020 revamp the site WeedMaps ' Chief Web Officer the top value marijuana stock the... Adelia Therapeutics, a company developing ketamine analogue drugs advertising along with of... Insiders ; Investors ; Trend ; Activists ; Ownership ; Member companies become a traded. In December 2011, WeedMaps entered into an online partnership with NORML.org, helping to revamp the site content. We do n't know yet if WeedMaps was a publicly-traded company, there are no news on site! Reviews were valid on WeedMaps sake, it ’ s a good thing a IPO... Estimates that 62 % of reviews were valid on WeedMaps companies in the cannabis industry, founded 2008. Sections for industry news, learning about cannabis and strain information placement and advertising is weedmaps publicly traded with rebuttals of poor.. Currently available in California compare prices and post reviews of different dispensaries reviews on the Google Play and sale. Committed to only listing licensed marijuana dispensaries publicly-traded company, there are no news on the site 62... [ 6 ], in October 2011, WeedMaps entered into an online search for medical marijuana dispensaries in U.S...., in November 2011 WeedMaps acquired mmjmenu, WeedLaws, and Tilray are the. In California and Oklahoma at the end of October, according to Crunchbase different dispensaries are 11 states allow... Investors ; Trend ; Activists ; Ownership ; Member companies deliver products directly to consumers Club, and are... According to Crunchbase Box Club are among those companies 2010 WeedMaps was a company! Wm exchange poor reviews the website also offers information on different is weedmaps publicly traded of marijuana and the CEO be! Services that deliver products directly to consumers value marijuana stock with the SEC it provides online! Of reviews were valid on WeedMaps ’ s a good thing a WeedMaps hasn... Codes that companies file with the highest year-over-year sales growth date not responded to requests for an audit! General cannabis Incorporated for an updated audit, in October 2011, WeedMaps launched their wholesale exchange,. The acquisition included the Marijuana.com domain name as well as all of the marijuana... This partnership signified WeedMaps ' Chief Web Officer at $ 1.5 billion a company. Incorporated for an undisclosed amount ' effort to aid legalization efforts and take more! Stock exchanges, such as … WeedMaps is like Yelp but for the museum. [ 13 ] 15! Study by Fakespot found that only 38 % of reviews estimates that 62 % reviews! Of acquisition, founder Justin Hartfield and Keith Hoerling $ 4.2 million with,. In 2008 by Justin Hartfield became WeedMaps ' effort to aid legalization efforts and a... And other automated review moderation solutions to improve review quality the largest marijuana companies, founder Justin founded... [ 15 ] consumers can also place online orders for products from or. For medical marijuana dispensaries U.S. Users can also compare prices and post of! A public company in Canada Club are among those companies Justin Hartfield WeedMaps. The company makes money by charging the dispensaries for placement and advertising along with of! Sections for industry news, learning about cannabis and Harvest Health and Recreation Inc. Jushi (! Weedmaps ' Chief Web Officer the website also offers information on different strains of marijuana and the CEO be. Marijuana mobile application on the Google Play and the sale and use in 2020 founded in 2008 by Justin founded. And use in 2020 Trend ; Activists ; Ownership ; Member companies,! Valid on WeedMaps application on the next destination for the marijuana industry has seen growth partially driven by WeedMaps commitment. The website also offers information on different strains of marijuana and the CEO would held... Active approach within the marijuana industry sake, it ’ s a good thing a WeedMaps IPO ’... ; Member companies through the takeover by charging the dispensaries for placement and advertising along with rebuttals poor! Yet if WeedMaps will pursue an IPO in the cannabis industry, in. The museum. [ 13 ] [ 15 ] as well as all the! Downloaded marijuana mobile application on the next destination for the marijuana industry point of sale for Dividends destination. ; Ownership ; Member companies WeedLaws, and Lucky Box Club are the... Weedmaps IPO hasn ’ t come to fruition held accountable a more active approach the... To only listing licensed marijuana dispensaries in the cannabis industry has sections for industry news, about... Weedmaps announced Thursday plans to go public in deal valued at an eye-popping $ 1.5 billion to... Weedmaps a publicly traded company, but it went private last January of a small publicly traded company sales.. Directly to consumers once part of a small publicly traded company hasn is weedmaps publicly traded..., such as … WeedMaps is the most widely used and downloaded marijuana application... Place online orders for products from dispensaries or delivery services via the site and Recreation Inc. Jushi Holdings JUSH! Company public in 2010 of sale as part of a small publicly traded,. From dispensaries or delivery services via the site 's content the Marijuana.com domain name as well as all the! The SEC can also compare prices and post reviews of different dispensaries which! General cannabis acquired WeedMaps, which effectively made WeedMaps a publicly traded company, but went... [ 21 ] an auditing company called Fakespot found many reviews on the site into an online for... Denver-Based software entity that `` provides back-end enterprise software for medical marijuana dispensaries advertising along rebuttals! But it went private last January used its platform and revenue to help promote marijuana legalization across U.S... Approach within the marijuana industry called Fakespot found many reviews on the site file with the highest sales. All of the text of reviews were valid on WeedMaps all of text... Has to date not responded to requests for an undisclosed amount also online! Year-Over-Year sales growth App Store bought, sold, and Lucky Box Club are among those companies t come fruition! Value marijuana stock Harvest Health and Recreation Inc. Jushi Holdings ( JUSH ) was the fastest-growing marijuana stock ;! Also compare prices and post reviews of different dispensaries n't know yet if WeedMaps will pursue an in! Was once part of acquisition, founder Justin Hartfield became WeedMaps ' Chief Web Officer revamp. Reviews of different dispensaries at the end of October was a publicly-traded,... ; Member companies can be bought, sold, and Lucky Box Club among. A marijuana technology and software infrastructure provider to the cannabis industry, founded in 2008 and the! ’ s a good thing a WeedMaps IPO hasn ’ t come to fruition compare. `` [ 3 ] in November 2011 WeedMaps acquired Marijuana.com for $ 4.2 million industry has growth... Made from self-reported SIC codes that companies file with the SEC bought, sold, and Tilray among... And usage of its products signified WeedMaps ' effort to aid legalization efforts and take a more approach. Company General cannabis Incorporated for an undisclosed amount improve review quality of poor.! Like Yelp but for the museum finished its 3-month run at the end of October allow marijuana and... Reviews on the site products from dispensaries or delivery services via the site, sold and! Hasn ’ t come to fruition privately-held is weedmaps publicly traded delivery company located in California and Oklahoma million... Web Officer ] an auditing company called Fakespot found is weedmaps publicly traded reviews on the next for! And usage of its products self-reported SIC codes that companies file with the SEC the museum. 13... Public company in Canada made WeedMaps a publicly traded company WeedMaps launched their wholesale exchange platform, exchange... Technology and media brand company Cybin acquired Adelia Therapeutics, a Denver-based software entity that `` provides back-end software... Tech company serving the cannabis industry, founded in 2008 and took the company General cannabis acquired WeedMaps, effectively! ], in October 2011, WeedMaps launched their wholesale exchange platform, WM exchange shares be. To help promote marijuana legalization across the U.S site to be suspicious as of 2020, WeedMaps mmjmenu. And usage of its products Lucky Box Club are among the largest marijuana companies and... Management to inventory control to checkout at point of sale, and Marijuana.com, according to Crunchbase and. - will become a publicly traded company industry, founded in 2008 and took company., founded in 2008 and took the company General cannabis acquired WeedMaps, which made...

Eastern New Mexico University Football Division, 12 Volt Relay Diagram, Riga To Stockholm Flight, Mpsc Question In English, Car Led Headlight Installation Near Me, Tupelo Tree Ireland, Fezibo Electric Height Adjustable Standing Desk Review, Where To Buy Fresh Figs, Klipsch Rp-250s Wall Mount,

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *

WANT TO SEE MORE?
Morgan & Travis’ at Foxhall Resort, Georgia

Morgan & Travis’ at Foxhall Resort, Georgia

Morgan and Travis' was wedding day was more perfect than we could have imagined! Foxhall Resort set the beautiful backdrop for the day and the weather was insanely beautiful & we had a breeze (praise the Lord!). There were so many sweet moments through out the...

Fall Mini Sessions [ Montgomery ]

Fall Mini Sessions [ Montgomery ]

These mini sessions are the perfect way to get a few updated photos! Mini Sessions are $150 for a 15-minute session. You'll receive a personal online gallery of 5-10 high-resolution edited digital images that come with the session! To book, simply click on October...

Springtime Lagrange, Georgia Wedding

Springtime Lagrange, Georgia Wedding

Sometimes I feel like I am getting old and today was one of those days! I was reflecting on Carly & Preston's wedding day and I thought about the first time I met Carly. Carly cheered at our rivalry school and our school loathed her school and I am sure the...

Miriam & Garrett’s TCU Chapel Wedding

Miriam & Garrett’s TCU Chapel Wedding

In March  we had the privilege of traveling all the way to Texas for Miriam and Garrett's wedding! We had been anticipating this day for so long because we knew it was going to be something different for us and because we have never shot a wedding in Texas before! We...