Leafly Stock: Will it Become the Amazon of Weed?

Once upon a time, cannabis was part of the counterculture and not a target of venture capitalists. Cheech and Chong, the Fabulous Furry Freak Brothers, and High Times represented the extent of its media reach through the 1960s and into the 1980s. Today, Cheech is one of a number of ganjapreneurs, while the Freak Brothers have their own cartoon series voiced by Woody Harrelson and John Goodman. On the other hand, High Times has hit upon hard times as it tries to evolve with the times to attract investors to an ill-fated IPO. Digital disruption has hit the cannabis space, and companies like Leafly and Weedmaps offer consumers more of what they want from a weed website – reviews and online shopping – and business access to a sprawling e-commerce marketplace. Weedmaps (MAPS) went public earlier this summer and a Leafly stock offering isn’t far behind.

About Leafly Stock

Not surprisingly, Leafly has opted to merge with a special purpose acquisition company (SPAC) to go public, a strategy th