Can Weedmaps Survive?
Cannabis directory Weedmaps laid off 100 employees or about a quarter of its workforce last month. The downsizing followed an announcement that the Irvine-based company would no longer feature unlicensed pot shops on its platform.
Weedmaps’ hand was forced, Abdullah Saeed, host of the Great Moments in Weed History podcast, recently explained to KCRW. Under a law signed by Gov. Gavin Newsom, sites that advertise illicit dispensaries face fines of up to $30,000 per day.
But California’s black market is a behemoth and its absence has meant a loss of revenue for the company. There is now a very real question about Weedmaps’ future.
Learn more about the dilemma Weedmaps faces and what the state is doing to discourage patronage of illegal businesses here.