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Who Will Become The Leading Cannabis Marketplace?

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2021-06-29 23:00:07

Welcome to Four PM —a daily newsletter that delivers cannabis industry analysis, interviews with industry leaders, and all of the latest news.

In July 2008 Weedmaps was founded — the company is now valued at $2.99 billion USD as of this morning’s share price on the New York Stock Exchange.

The company has an estimated 430 employees based on their S1 filing and they made $39 million in net income from $162 million in revenue in 2020.

Leafly, a company founded 2 years later in March 2010 has since become one of Weedmaps biggest competitors with both companies aiming to become the most successful cannabis media company & cannabis marketplaces.

Being a media company allows Weedmaps and Leafly to attract a large number of cannabis consumers to their marketplaces (data from similar web):

As a result of receiving this traffic, both Leafly & Weedmaps are able to charge cannabis retailers fees for being listed on their platform.

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