Weedmaps, a cannabis review site and software company, announced Thursday that it has agreed to go public through a merger with a special purpose acquisition company (SPAC).
The deal values the company at $1.5 billion and would be a rare example of a cannabis-related company listing on a U.S. stock exchange, which legally can't list cannabis companies.
She, fellow pharmacist Slava Malen, and husband and social worker Jacques Nir, based in Fair Lawn, developed a mobile app to legitimize medical cannabis as something insurance companies saw as worth covering, and something that would improve the medical cannabis experience for patients and doctors.
From small-scale home systems that take the guesswork out of growing for beginners to commercial operations and predictive software, the technology has the ability to change how the world grows, sees and uses cannabis, from hemp and CBD to marijuana, along with the other crops we’re more accustomed to like cucumbers and tomatoes. But we aren’t jumping into the future just yet.
Like other industries, the cannabis trade is using advanced technologies to dramatically change the way it grows and sells its product to consumers.
The use of robots to grow pot and mobile marijuana cafés to gather and analyze data on users’ behavior are just two of the tech innovations that a top industry expert discussed at the Morris Chamber of Commerce meeting on June 18, held in Florham Park.