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WeedMaps Acquires Marijuana.com For A Kushy $4.20 Million (Techcrunch)
Yes, really. General Cannabis Inc. has just announced that it's acquired
Marijuana.com. The company didn't disclose the details of the deal, but we've
confirmed that the acquisition price was $4.20 million. Naturally. The
executives involved obviously have a sense of humor, but General Cannabis is a
serious business: it's traded on the OTCQX market, and a year ago it acquired
WeedMaps, a popular 'Yelp for Cannabis Dispensaries' site with a large
following. WeedMaps was topping $400,000 a month in revenues at the time of
the acquisition and it's growing nicely — the site did over $1 million in
gross revenues in July, and now sees 10 million page views a month.
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