Weedmaps, founded in 2008 and profitable every single year, is going public via a deal that values the company at $1.5 billion (yes; with a ‘B’). According to a news release, WM Holding Co. will merge with blank-check acquisition firm Silver Spike Acquisition Corp. and get the coveted Nasdaq listing. The company expects to see […]
The pandemic has been rough on plenty of industries – hospitality, travel, retail . . . all have taken a considerable hit with various stay at home orders and essential business mandates. Meanwhile, the cannabis industry has experienced a boost, and the industry will most likely emerge stronger post-COVID. In other words, good news lies […]
There’s an intelligent, environmentally-friendly and efficient way to operate a cannabis business. It just takes some information gathering and planning to create a sustainable cannabis business that aligns with environmental regulations. Regulations galore The cannabis industry is rife with layers upon layers of regulations. Every project should carefully consider all rules and mandates and build […]
Biden’s election win offers hope aplenty for the cannabis industry. Cannabis stocks surged after the election. This caps off several wins from the weed side: Recent state ballot initiatives legalizing recreational cannabis use. Optimism that federal legalization is just around the corner. Booms to cannabis stock prices. Valuations are rapidly going up for Aurora Cannabis, […]
In my hometown, fliers are posted at the general store advertising ‘U-Pick Hemp’ for forty bucks a stick. With a glut of industrial hemp production across the country, businesses are getting creative when marketing their wares. After all, if your crop doesn’t generate money, you go out of business. In Montana, they have their own […]
One day. Six shops. Almost $100k. Just four years after voters okayed legal weed in the state, Maine finally launched retail sales in October 2020. Six licensed marijuana shops opened for business on October 9, and per figures reported by the state’s Office of Marijuana Policy, they tallied $94,643 in sales and 10% of that […]
Back when California legalized medical marijuana in 1996, a whopping 7,308 days passed from that benchmark to when recreational adult-use launched officially. That’s 20 years, in case anyone was wondering, and a sharp contrast to California’s reputation as a liberal state. Despite the tortoise-like pace of California, western states have bravely fought for medical marijuana […]
Even the numbers are high: retail sales of cannabis in the United States and Canada trend up, up, and up. Cannabis — in abundant quantities — has become the sweet spot in a relatively dire year. Canada Recreational adult-use kicked off in October 2018, and it’s grown steadily since. According to sales data from Statistics […]
Cannabis has been a true essential for many during COVID-19. In contrast, many businesses have shuttered during the pandemic, while the weed industry has been posting explosive sales figures. Throw in some pending federal legalization, and you have yourself a lucrative industry on a level that hasn’t been experienced in decades. Unlimited earning and growth […]
If you haven’t heard of Weedmaps, it’s kind of a big deal in the cannabis industry. Weedmaps provides software infrastructure and is one of the big players in cannabis tech and software. Based in California, the company has branched out, producing a docuseries, Uprooted, that takes a close look at the state’s cannabis industry struggles, […]
