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Cannabis firm Weedmaps, California vape shop sued over fatal shooting

Online cannabis advertising platform Weedmaps and a Southern California vape shop have been targeted with a wrongful death lawsuit in civil court by a mother who claims both are to blame in the shooting death of her son. According to Law360.com, the la…

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Cannabis firm Weedmaps aims for 175% revenue growth via higher ad prices, wider footprint

Cannabis advertising giant Weedmaps hopes to boost its revenue over the next three years by a whopping 175% – and investors are wagering the California-based company can deliver on that goal. Since announcing its acquisition of Weedmaps on Dec. 1…

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As more marijuana firms go public, feds urge SPACs to beef up disclosures

U.S. securities regulators are urging special purpose acquisition companies, or SPACs, to strengthen disclosures related to potential conflicts of interest, compensation incentives and other critical information for investors. The guidance this week fr…

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SPACs pump hundreds of millions of dollars into US cannabis industry through acquisitions

Two cannabis special purpose acquisition companies (SPACs), Silver Spike Acquisition Corp. and Subversive Capital Acquisition Corp., recently announced deals worth more than $2 billion, while two other SPACs have an additional $280 million that must be…

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Weedmaps investor document notes federal probe into cannabis businesses is ‘unresolved’

In an investor presentation filed this week with U.S. securities regulators, the parent company of Weedmaps disclosed that a federal investigation into the marijuana industry that involves the cannabis advertising giant remains “unresolved.&#8221…

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Cannabis advertising platform Weedmaps going public with $1.5 billion valuation

Weedmaps, the oft-controversial but ever-successful cannabis advertising giant, is going public through a deal that values the company produced through the transaction at a whopping $1.5 billion. According to a news release, the website’s owners,…