Breaking News: Weedmaps Secures $12M in Funding to Drive Global Cannabis Economy Growth

WM Technology, Inc. (Nasdaq: MAPS) is thrilled to announce that it has successfully raised $12 million in its latest funding round, further solidifying its role as a leader in the cannabis industry's technology and software infrastructure. Founded in 2008, WM Technology has made significant strides in promoting a transparent and inclusive cannabis economy, advocating for social equity and compliance within the rapidly evolving landscape of cannabis regulation. The funds will be primarily utilized to enhance the company’s groundbreaking B2B software, WM Business, which offers an extensive SaaS solution tailored to meet the complex needs of cannabis retailers. With these new resources, WM Technology aims to improve its operating system, ensuring that businesses can navigate the intricacies of compliance while providing consumers with reliable access to cannabis retail locations and product information through its consumer-facing platform, Weedmaps. This investment not only reinforces the company's commitment to expanding its technological capabilities but also supports its mission of enabling safe and legal access to cannabis across various markets. As WM Technology continues to champion legislative change and foster industry growth, this new capital will play a crucial role in driving innovation, engaging consumers, and empowering businesses, ultimately contributing to the development of a responsible and equitable cannabis economy worldwide.