dispensary
dispensary
cannabis lounge
cannabis lounge
dispensary
cannabis dispensary
Wheelhouse Cannabis Lounge
port hueneme
cannabis deals
cad30
CAD SMS June
CAD SMS June
cannabis deals
Slide
previous arrow
next arrow

Weedmaps.com Lays off 25% Employees

Recently, news broke that Weedmaps (weedmaps.com), the popular cannabis directory and review site, had laid off a third of its workforce. The move came as a surprise to many in the industry, given Weedmaps’ apparent success in recent years.

So, what really happened? In this article, we’ll take a look at the inside story of the Weedmaps layoffs, and what it means for the future of the cannabis industry.

WM Technology, the parent company of Weedmaps, a cannabis advertising platform, is laying off roughly 25% of its staff, or up to 175 employees. The reason behind this decision, “was based on cost-reduction initiatives intended to reduce operating expenses and sharpen the company’s focus on key growth priorities,” WM Technology said in a regulatory filing on Nov. 29.

Here is some history of Weedmaps and different trends the company has had.

On Wednesday, February 12th, 2020, Weedmaps announced that it would be laying off 30% of its workforce. In total, 94 employees were affected by the news, with most of the layoffs occurring at the company’s headquarters in Irvine, California. In a statement, Weedmaps CEO Justin Hartfield said that the layoffs were “necessary to ensure our long-term viability” and that they would help the company “right-size” its workforce.

Hartfield also said that the company would be refocusing its efforts on “core businesses and geographies” in the wake of the layoffs. The news came as a surprise to many in the industry, given Weedmaps’ apparent success in recent years. 

The company was founded in 2008 and has since become one of the most popular cannabis directories, with an estimated 10 million monthly visitors. In 2018, Weedmaps generated $35 million in revenue, and it was on track to generate $50 million in 2019. The company had also recently raised $50 million in new funding, and it had been aggressive in its expansion plans, opening new offices in Denver and Canada.

Weedmaps advertises for dispensaries, including Wheelhouse. Dispensaries on Weedmaps carry cannabis products and the best weed strains. You can easily find products such as Stiiizy, Autumn brands preroll, hybrid strains, indica dominant hybrid strains, indica and sativa, sativa dominant hybrid strains, products for helping with chronic pain, and more. 

Customers on the site love Wheelhouse. Wheelhouse has earned a 4.5 rating on Weedmaps from customers. Wheelhouse carries pre-roll brands like: Lowell Smokes, Weedsy, Sublime, Gelato, and more *subject to change.* 

Whether you are looking for weed delivery or in store pick up, we have you covered. Come by our Port Hueneme location or our Venice location. We also have other locations planning to open soon in cities like Ventura and Costa Mesa. We cannot wait to serve you!

 

Shop By Category

weedmaps.com

Concentrates

cannabis delivery

Flower

dispensary near me

Prerolls

2368a75d 6f6b 4e2b b9a1 934e59b6c154.jpg

Edibles

weed pens

Vape Pens

dispensary that delivers near me

Tinctures

vape delivery

Infused Prerolls

stiiizy near me

Vape Carts

47195985 eadb 4208 aab5 5f555f0f0f6f.jpg

Topicals

heavy hitters

Drinks

clones

Clones

9aab9348 42b6 4ffd 9e63 3f93119e38c0

Apparel

Shop by Location

wheelhouse port hueneme

Port Hueneme

521 W. Channel Islands, #1
Port Hueneme, CA

 

(805) 382-0420

dispensary venice

Venice

712 Lincoln Blvd
Venice, CA

(424) 346-0980

cannabis lounge

Wheelhouse Lounge

COMING SOON

521 W. Channel Islands
Port Hueneme, CA 93041


cannabis dispensary ventura

Wheelhouse Ventura

COMING SOON

4591 Market St.

Ventura, CA 93003

dispensary costa mesa

Wheelhouse Costa Mesa

COMING SOON

2665 Harbor BLVD
Costa Mesa, CA 92626

 

Latest Wheelhouse Press Release

Upcoming Events At Wheelhouse

Customer Appreciation Day

Save 30% OFF the Entire Store on the 1st and 15th of every month.

USE CODE: CAD30

* Exclusions apply: Cannot be combined with other sales or promotions, including member discounts and loyalty points. Max Discount for Puffco and Stiiizy is 15% OFF. CODE: AWESOME15
Click Here to Shop

Brand Events and Special Promos

Get Exclusive Deals when you attend our Brand Presentation Days aka Patient Appreciation Days, which are held in-person at Wheelhouse. You'll get a chance to meet reps from your favorite brands, get crazy exclusive deals, and learn more about the brands you love.

Wheelhouse Cannabis Dispensary Reviews

Featured Brands

We're Making Headlines

Shopping Cart
Concentrates

Choose a location below to view concentrates

Flower

Choose a location below to view Flower

prerolls

Choose a location below to view Prerolls

Edibles

Choose a location below to view Edibles

Vape Pens

Choose a location below to view Vape Pens

Tinctures

Choose a location below to view Tinctures

infused prerolls

Choose a location below to view infused prerolls

Vape Carts

Choose a location below to view Vape Carts

Topicals

Choose a location below to view Topicals

Drinks

Choose a location below to view Drinks

Clones

Choose a location below to view clones

Accessories

Choose a location below to view Apparel

Shop Online

Order Pickup

Order Delivery:

Currently Delivering to Ventura County residents