Categories: aggregated

Is Weedmaps’ $1.5 Billion Valuation the Canary in the Coalmine for the Entire Marijuana Industry?

$439,000,000 in cannabis-based revenue between 2015 and 2019 would make Weedmaps the most successful cannabis company in the history of the earth, and according to them, they didn’t actually sell any weed in that $439,000,000.  So, 20 legal states with dispensaries created close to half a billion dollars in ad sales for Weedmaps?  Say what?  They are expecting $205,000,000 in revenue this year from ad sales and software sales, none of that money includes any direct cannabis sales they claim.

Jason

Share
Published by
Jason

Recent Posts

New Jersey Is Kicking THC Drinks Out of Liquor Stores. High Tide Has a Plan.

New Jersey’s THC beverage market is heading into the most consequential stretch of its short…

20 hours ago

One of the ‘Mormon Wives’ Chooses Cannabis: Here’s What the Church Actually Says

Mormon Wives star Mikayla Matthews says medical cannabis was “literally life-changing” for her nerve pain…

20 hours ago

Chain vs. Indy: Which Dispensaries Do People Prefer?

Chains reorder every two weeks and earn twice the discounts. Independents stock the same breadth…

20 hours ago

Canna Country #26 in Southern Humboldt: The Ocimene Queen of Canna Country Farms

We head to Canna Country Farms in Humboldt for Legendary Strains to discover the Ocimene…

20 hours ago

The Sky Didn’t Fall: What a Decade of Legalization Actually Taught Us

Cannabis advocates should take the lesson here too. The industry doesn't need to inflate its…

20 hours ago

Twenty Brazilian Cannabis Patient Associations Are Meeting Inside a Free Arts Fair in Fortaleza

Twenty patient associations from across northeastern Brazil are meeting in Fortaleza this month, inside a…

2 days ago