Weedmaps, or now known as WM Technologies on Wall Street, had a horrendous stretch of bad news and dismal financial reporting over the past few weeks. Their stock price is down almost 58% since the end of June, and they gave weak forward guidance on the next quarter. Chris Beals, a former SPAC attorney who is now the CEO of Weedmaps, explained that it is the illegal cannabis market that is just killing their financial numbers. Beals said on his 3rd quarter earnings call:
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