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

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Jason

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