Weedmaps – more unlicensed clients?

by | Jul 25, 2022 | Company Analysis

Weedmaps is again in the news for servicing unlicensed operators in southern California, this time with delivery apps that either do not have a license, or are illegally renting someone else’s license. See this article by veteran reporter John Schroyer at MJBizDaily here.

The stock did not react much to the news, dropping only 1.8% after the article was reported on July 25 before the open, though Leafly rose 13% on the same day while Springbig closed up 11% after rising as much as 75% intraday (perhaps on a squeeze).

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