“Can the leading cannabis marketplace embed compliant payments into an industry that Visa/Mastercard/traditional banks still refuse to serve?”
Founded 2008 as a consumer marketplace connecting cannabis buyers with dispensaries. Evolved into a two-sided platform with WM Business SaaS for retailers/brands (menus, orders, ads). Went public via SPAC in 2021 at ~$1.5B. Since 2022, has built out a Global Payments Strategy function to solve the cannabis industry's federally-restricted payments problem — culminating in the 2024 launch of ACH Checkout, its first embedded payment product routed through a third-party ACH provider (Weedmaps disclaims any role in the payment flow, positioning itself as software-only).
Weedmaps moves money over ACH.
Weedmaps was founded by Justin Hartfield and Doug Francis and is founded in 2008, headquartered in Irvine, California, USA.
Weedmaps has raised $1.1B in total (latest round: SPAC merger with Silver Spike Acquisition Corp (2021); valuation: ~$1.5B post-SPAC equity value (2021)).
Get a read on where your own stack stands against Weedmaps and the rest of its category — what they built versus bought, which providers they use, and where the gaps in your own strategy and competitive set actually are.