Cannabis Stocks. In April 2019, Weedmaps launched their wholesale exchange platform, WM Exchange. Cannabis … https://finance.yahoo.com/video/weedmaps-public-via-spac-1-180817424.html Marijuana stocks with the highest 12-month total return were GrowGeneration, Trulieve Cannabis, Planet 13 Holdings, Russell 1000, and the ETFMG Alternative Harvest. We don't know yet if WeedMaps will pursue an IPO in the near future. Shares of Northern Star traded at around $16 recently, about 23% higher than the $13 opening price at its IPO earlier this month. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. Weedmaps.com, the world’s largest online medical marijuana resource, is proud to announce the launch of “Weedmaps Deals,” the first cannabis resource of its kind. WM Holding Company, LLC, better known as Weedmaps, and Silver Spike Acquisition Corp. (Nasdaq: SSPK), a publicly-traded special purpose acquisition company, announced today a definitive agreement for a business combination that would result in WMH becoming a public company that would remain on the NASDAQ marketplace. [19] It is currently available in California and Oklahoma. Weedmaps is a tech company serving the cannabis industry, founded in 2008 by Justin Hartfield and Keith Hoerling. In December 2011, Weedmaps acquired MMJMenu, a Denver-based software entity that "provides back-end enterprise software for medical marijuana dispensaries. The company expected to move $1 billion worth of marijuana products in 2020, but scaled back the goal to $412 million, according to MarketWatch. Once the RTO is complete which is expected in the second quarter of this year, MedMen will essentially become a publicly traded company itself. [citation needed]. Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. [9][10], Also in June 2013, Business Insider dubbed Hartfield "The First Venture Capitalist of The Pot Industry. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. In September 2019, Weedmaps announced the launch of its own point of sale system, WM Retail, and announced live menu integrations for consumers using Cova or Meadow point of sale systems. 123.95k followers • 20 symbols Watchlist by Yahoo Finance. For example, a 2010 TechCrunch article reported that Weedmaps grew monthly revenue of $20,000 in 2009 to $400,000 per month in 2010, with approximately 50,000 registered users at the time. In 2016, Hartfield and WeedMaps made a $250,000 contribution to help support the push for recreational marijuana legalization in California, according to The Green Fund. Justin Hartfield founded WeedMaps in 2008 and took the company public in 2010. The software handles everything from patient management to inventory control to checkout at point of sale. WeedMaps made three acquisitions in 2011 — mmjmenu, WeedLaws, and Marijuana.com, according to Crunchbase. Marijuana Stocks Spike, Where to Look for Dividends. News; Companies; Insiders; Investors; Trend; Activists; Ownership; Member Companies. Leafly is a major competitor to WeedMaps. [2], A 2009 New York Daily News article said of Weedmaps, "There's a new stoner's paradise on the Web" that is a website "where medical marijuana patients can connect with other patients in their area, to freely discuss and review local cannabis co-operatives and dispensaries. In March 2019, Chris Beals was named CEO of Weedmaps, and previous CEO Doug Francis stepped back from the day-to-day running of the … [22], Learn how and when to remove these template messages, Learn how and when to remove this template message, https://mjbizdaily.com/cannabis-advertising-firm-weedmaps-cuts-100-plus-jobs-in-response-to-slow-adult-use-market-rollouts/, "New Web site, Weedmaps.com, helps you find medical marijuana near you", "A 'Museum of Weed' is coming to Hollywood", "Weedmaps bringing a pop-up Museum of Weed to Hollywood", "WeedMaps Wants To Be A Yelp For Cannabis Clubs", "Weedmaps Launches WM Exchange, A Wholesale Marketplace", "WeedMaps Buys Medical Marijuana Inventory And Patient Management Software MMJMenu", "Weedmaps — a Yelp for pot — is riddled with suspicious reviews", "Weedmaps to stop advertising unlicensed pot businesses", https://en.wikipedia.org/w/index.php?title=Weedmaps&oldid=992772265, Articles with a promotional tone from October 2013, Wikipedia articles with style issues from October 2013, Articles with multiple maintenance issues, Articles with unsourced statements from January 2020, Creative Commons Attribution-ShareAlike License, This page was last edited on 7 December 2020, at 00:42. I guess for Beals’ sake, it’s a good thing a Weedmaps IPO hasn’t come to fruition. Our signature consumer-facing platform (available on the web at www.weedmaps.com, as well as through native Android and iOS apps), provides consumers with information regarding cannabis products, including online ordering, local retailer and brand listings, product discovery, and consumer education on cannabis and its history, uses, and legal status. [4][5], Although the company does not disclose revenue figures, some media outlets have reported historical sales estimates for the company. Now renamed General Cannabis, CANA trades at $4.05 on the pink sheets and — unlike its publicly traded pot peer ... and they have something called Weedmaps TV. Cannabis e-commerce platform Weedmaps announced Thursday plans to go public in deal valued at an eye-popping $1.5 billion. Weedmaps is going public December 13, 2020 FILE-In this Tuesday, Aug. 6, 2019 file photo file photo, Marijuana plants growing under special grow lights, at GB Sciences Louisiana, in Baton Rouge, La. The website also offers information on different strains of marijuana and the sale and usage of its products. As of 2020, Weedmaps has rolled out "Verified Reviews" and other automated review moderation solutions to improve review quality. Views about medical marijuana appear to be changing across the South, where efforts to legalize it have long been stymied by Bible Belt politics. Flowsent, Nugg Club, and Lucky Box Club are among those companies. Dec. 10, 2020, 02:24 PM (RTTNews) - WM Holding Company, LLC, which operates online cannabis shop directory Weedmaps, and Silver Spike Acquisition Corp. (SSPK), a … Farzana on November 20th, 2019 - 11:16pm . WeedMaps has faced scrutiny for continued listings of unlicensed and illegal marijuana dispensaries even after it received a cease-and-desist order in 2018 from California’s Bureau of Cannabis Control, according to Leafly. Investing in publicly traded venture capital firms provides a form of diversification since the returns won’t be overly correlated to the public markets. “Suffice to say a … It provides an online search for medical marijuana dispensaries in the U.S. Users can also compare prices and post reviews of different dispensaries. If you’re not accredited, you might think about investing in one or more publicly traded firms out there that provide exposure to startups. On the public market, people can invest in publicly-traded companies by purchasing shares through a broker or, if a company offers it, investing directly via a direct stock purchase plan. While publicly traded VCs may not be correlated with other stocks in your … In a news release, Weedmaps parent company WM Holding (WMH) said it would merge with Silver Spike Acquisition Corp. (SSPK), a blank check company formed by investment management firm Silver Spike Capital. Publicly Traded Venture Capital Firms. In March 2019, Chris Beals was named CEO of Weedmaps, and previous CEO Doug Francis stepped back from the day-to-day running of the company to serve as Chairman of the company. Reply. TheStranger reported in the spring of 2020 that the company's history of illicit listings may have “serious consequences for WeedMaps’ announced plans of an IPO.”. Many in the industry criticized the decision to keep them on the site after the grace period for dispensaries that had been operating under Proposition 215 expired in early 2019. There are no news on the next destination for the museum.[13][14][15]. 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