Yelp-ish ad app Weedmaps laid off 100 employees this week. As a goodbye gift, WeedMaps President Chris Beals blamed the industries slower than expected transition to legal cannabis in some states.
Orange County Register
- The company has spent much of 2019 under fire for advertising illicit market dispensaries at a time when the legal cannabis market was getting kneecapped by illegal pot. In August, WeedMaps promised to stop supporting these businesses.
- “Beals declined to discuss if, or how, the layoffs were connected to the financial hit that Weedmaps presumably faces if it follows through on a promise to drop hundreds of unlicensed advertisers from its site by the end of the year.”