Weedmaps today announced the launch of WM Exchange, a digital
marketplace where licensed cannabis brands, distributors and retailers
can safely and efficiently buy and sell cannabis products. Built on
Weedmaps’ leading technology infrastructure — which powers thousands of
cannabis businesses around the world — WM Exchange enables highly
efficient, transparent and secure wholesale transactions between
verified buyers and sellers.
“We believe WM Exchange will fundamentally change and improve the way
cannabis buyers and sellers engage in wholesale transactions,” said
Chris Beals, CEO of Weedmaps. “By bringing the power of e-commerce to
the wholesale process, WM Exchange provides a highly secure, transparent
marketplace to buy and sell high-quality, verified and lab-tested
cannabis products. Most importantly, WM Exchange helps retailers get
access to the most popular cannabis products available while giving
sellers cost-efficient access to new customers they couldn’t otherwise
Using WM Exchange, buyers and sellers alike will have complete
visibility into pricing, inventory availability and product information,
along with powerful regulatory and compliance tools and real-time
delivery and fulfillment information. Because licensed brands and
sellers can upload licensing and lab testing documentation to the
platform, transactions can be conducted with trust and confidence.
“Since we launched Weedmaps in 2008, we have transformed the cannabis
purchasing experience between consumers, retailers and brands. Our goal
is to bring that same level of transformation to the wholesale
marketplace,” added Mr. Beals.
WM Exchange is currently open to select cannabis businesses during a
beta period. The company expects to open the platform to additional
participants in the coming months.
For more information, please visit www.weedmaps.com/business/exchange.
Founded in 2008, Weedmaps is a leading technology and software
infrastructure provider to the cannabis industry. Our suite of
cloud-based software and data solutions includes point of sale,
logistics and ordering solutions that enable customers to scale their
businesses while complying with the complex and disparate regulations
applicable to the cannabis industry.
In addition, our platform provides consumers with information regarding
cannabis products across our web and mobile platforms, including listing
local retailers and brands, facilitating product discovery and allowing
consumers to educate themselves on cannabis and its history, uses and
legal status. Headquartered in Irvine, California, Weedmaps employs more
than 400 professionals around the world, including in Barcelona, Berlin,
Boston, Denver, New York, Phoenix and Toronto. Visit us at www.weedmaps.com.