Weedmaps

Weedmaps

Online platform connecting cannabis consumers and businesses

About

Weedmaps connects cannabis consumers, patients, retailers, doctors, and brands through its online platform. It provides a directory of marijuana dispensaries, delivery services, and cannabis products, making it easy for users to find what they need. The platform allows users to search for specific products based on cannabinoids like CBD and THC, catering to different preferences. Weedmaps operates on a marketplace model, generating revenue from subscription fees paid by cannabis retailers and brands, as well as through advertising services. This approach not only supports the businesses listed but also offers consumers valuable information and educational content about cannabis. Additionally, Weedmaps provides tools for businesses, such as point-of-sale systems and compliance software, to help them operate efficiently. The goal of Weedmaps is to serve as a comprehensive resource in the cannabis industry, facilitating connections between consumers and businesses.

Company Stage

IPO

Employees

501-1,000

Industries

Data & Analytics, Consumer Goods

Total Funding

$316.1M

Headquarters

Irvine, California

Founded

2008


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Simplify's Take

What believers are saying

  • Weedmaps' partnership with NuggMD expands its medical cannabis services.
  • The 'Best of Weedmaps' program enhances consumer engagement and platform loyalty.
  • Collaboration with Abstrax boosts Weedmaps' role in cannabis education and research.

What critics are saying

  • The take-private offer may create uncertainty among investors and stakeholders.
  • Increased competition from expanding local dispensaries could impact Weedmaps' market share.
  • Regulatory challenges may arise from the medical cannabis card program partnership.

What makes Weedmaps unique

  • Weedmaps offers a comprehensive directory of cannabis dispensaries and delivery services.
  • The platform provides educational content on cannabis strains and industry news.
  • Weedmaps integrates compliance software and data analytics for cannabis businesses.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

2%

2 year growth

-14%

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