WeedMaps Acquires Marijuana.com For A Kushy $4.20 Million...how will Jamaica benefit?

Members Login

Chatbox

Please login or register to participate in the chat

Digital_Neil wrote
April 23rd

coming out of the wilderness

Digital_Neil wrote
April 23rd

night

Awful wrote
April 21st

Bless up di familia

strrcash wrote
April 8th

rrrrrrrrrrr

strrcash wrote
April 8th

chatttttttt

Dj SAB X wrote
March 21st

so which part a that Dutty money riddim clean??? kmt

Topic: WeedMaps Acquires Marijuana.com For A Kushy $4.20 Million...how will Jamaica benefit?

Wide (rest of width)

Narrow (200px)

General Administrator

Status: Offline

Posts: 3080

Date: 03:44 11/29 2011

WeedMaps Acquires Marijuana.com For A Kushy $4.20 Million...how will Jamaica benefit?

Permalink

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.