MJ Biz report Weedmaps blames the slow rollout of recreational marijuana markets in California and Massachusetts and a dwindling pool of outside funding. The job cuts disclosed by Weedmaps CEO Chris Beals via Twitter –amount to more than 100 people. They affect the company’s news division and other departments.

 

A source familiar with Weedmaps’ internal decisionmaking said more than 50% of the company’s remaining workforce will be focused on engineering, product development and design to support its software and compliance portfolios.

Full story

Cannabis advertising firm Weedmaps cuts 100-plus jobs in response to slow adult-use market rollouts