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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 businesses that list their products and from advertising services. This approach not only supports the businesses 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

$325M

Headquarters

N/A

Founded

2008


Simplify Jobs

Simplify's Take

What believers are saying

  • Weedmaps' 'Best of Weedmaps' awards program highlights top-performing businesses, enhancing their visibility and credibility within the industry.
  • Partnerships with brands like Abstrax and media integrations with shows like 'The Freak Brothers' expand Weedmaps' influence and reach in the cannabis culture.
  • The platform's educational content and detailed product information empower consumers to make informed purchasing decisions, fostering customer loyalty.

What critics are saying

  • The rapidly evolving legal landscape of the cannabis industry could pose regulatory challenges for Weedmaps and its clients.
  • Intense competition from other cannabis marketplaces and local dispensaries may impact Weedmaps' market share.

What makes Weedmaps unique

  • Weedmaps offers a comprehensive directory of cannabis dispensaries, delivery services, and brands, making it a one-stop-shop for cannabis consumers and businesses.
  • The platform's dual revenue stream from subscription fees and advertising services ensures a steady income while providing value to both consumers and businesses.
  • Weedmaps' focus on compliance software and data analytics tools for businesses sets it apart by helping clients stay compliant with regulations and operate more efficiently.

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Growth & Insights
Headcount

6 month growth

2%

1 year growth

1%

2 year growth

-18%

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