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Finance

How Does Weedmaps Make Money? Company’s $1.5 Billion Merger, Explained

At the time of a 2010 Fast Company profile, Weedmaps was making more than $400,000 each month in revenue, according to the magazine. Earlier that year, Weedmaps started charging dispensaries for listings — at prices ranging from $295 per month to $1,000 per month. A 2018 Guardian article reported that some dispensaries were paying more than $10,000 per month at the time.

Now, Weedmaps is the consumer-facing platform of WM Holding Company, which is a company that also “provides the broadest suite of cloud-based software as a service (SaaS) and data solutions for the cannabis industry,” including “point of sale, logistics, wholesale, and ordering solutions that enable clients to scale their businesses while complying with the complex and disparate regulations applicable to the cannabis industry,” according to the WMH website.

View more information: https://marketrealist.com/p/how-does-weedmaps-make-money/

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