Streetbeat News

MAPS

WM Technology, Inc.

https://www.weedmaps.com

Industry

Software - Application

WM Technology, Inc. provides ecommerce and compliance software solutions to retailers and brands in cannabis market in the United States, Canada, and internationally. The company offers Weedmaps marketplace that allows cannabis users to search for and browse cannabis products from retailers and brands, and reserve products from local retailers; and information on the cannabis plant, and the industry and advocate related services for legalization. It also provides WM Business suite of monthly subscription-based software solutions, including WM Orders, WM Dispatch, WM Store, WM Dashboard, integrations, and API platform, as well as access to its WM Retail and WM Exchange products. In addition, the company offers advertising solutions; Sprout, a customer relationship management solution; and Cannveya, a delivery and logistics software solution. WM Technology, Inc. was founded in 2008 and is headquartered in Irvine, California.

Open

0.75

Mkt cap

75M

Volume

430K

High

0.81

P/E Ratio

-9.62

52-wk high

1.47

Low

0.75

Div yield

N/A

52-wk low

0.69

In Monday's after-market session, several information technology stocks experienced movement. WISeKey Intl Holding (WKEY), Sobr Safe (SOBR), Remark Hldgs (MARK), WM Tech (MAPS), Airspan Networks Hldgs (MIMO), and SMX (Security Matters) (SMX) saw gains, while OMNIQ (OMQS), Microchip Technology (MCHP), Spectaire Holdings (SPEC), CommScope Hldg Co (COMM), MMTEC (MTC), and CXApp (CXAI) experienced losses. The movements were reflected in percentage changes and updated market capitalizations for each company.

Portfolio Pulse from Benzinga Insights

January 08, 2024 | 9:31 pm

Rep. Steve Cohen (D-TN) has urged the DEA to reschedule marijuana to Schedule III, following the HHS's recommendation. The DEA has the final authority and is currently reviewing the matter. The rescheduling debate has received input from various stakeholders, including former U.S. attorneys, governors, and DEA heads, with differing opinions on the best course of action. The DEA is also addressing other controlled substances, such as psychedelics and THC in Georgia pharmacies.

Portfolio Pulse from Benzinga Newsdesk

January 05, 2024 | 4:05 pm

The DEA has informed Congress that it has the final say on marijuana scheduling decisions, despite HHS's recommendation to reclassify marijuana to Schedule III. The DEA is currently reviewing the recommendation, but the timeline for completion is unclear. Lawmakers and various groups have expressed differing opinions on the matter, with some urging for descheduling and others for maintaining its Schedule I status. The DEA also warned Georgia pharmacies against dispensing THC, as marijuana remains a Schedule I drug.

Portfolio Pulse from Benzinga Newsdesk

January 03, 2024 | 7:46 pm

MGO released its annual 'Cannabis 50' list, recognizing influential companies, organizations, and individuals in the cannabis and hemp sectors over the past five years. The list highlights the industry's progress and optimism for rescheduling cannabis. It includes companies like Charlotte’s Web Holdings, Cresco Labs, Curaleaf Holdings, and others. Athletes and entertainers are noted for mainstreaming the industry, and the list also acknowledges entities contributing to social progress and legislative reform.

Portfolio Pulse from Javier Hasse

December 14, 2023 | 5:55 pm

The Colombian Senate has postponed a bill to legalize marijuana, requiring the legislative process to restart next year. The bill's failure was attributed to misinformation and political maneuvers. Advocates argue that prohibition wastes resources and strengthens criminal mafias, while legalization could bring tax revenue and quality control. The bill had passed the Chamber of Representatives but stalled in the Senate. Colombian President Petro has criticized the global drug war and suggested legalization to weaken the illicit market.

Portfolio Pulse from Benzinga Newsdesk

December 13, 2023 | 4:46 pm

In Friday's after-market session, several information technology stocks experienced movement. WM Tech, ReAlpha Tech Corp, SAI.TECH Global, FOXO Technologies, Argo Blockchain, and Signing Day Sports saw their shares rise, with increases ranging from 3.7% to 6.3%. Conversely, Near Intelligence, Nvni Group, UTime, WISeKey Intl Holding, Inseego, and MicroAlgo faced declines between 4.43% and 15.2%. These movements reflect changes in investor sentiment and market dynamics for these individual stocks.

Portfolio Pulse from Benzinga Insights

December 08, 2023 | 9:30 pm

Republican Representative David Joyce is set to introduce the STATES 2.0 Act, which aims to de-schedule state-legal cannabis at the federal level. This legislative move could significantly impact the legal landscape for cannabis businesses in the United States.

Portfolio Pulse from Benzinga Newsdesk

December 06, 2023 | 7:46 pm

In Wednesday's after-market session, several information technology stocks saw significant movements. Mawson Infra Gr (MIGI) led the gainers with an 8.9% increase, while Akerna (KERN) experienced the largest drop among the losers, falling 5.0%. Other notable gainers included WaveDancer (WAVD), BIO-key Intl (BKYI), Blackboxstocks (BLBX), Iveda Solutions (IVDA), and GSE Systems (GVP). On the losing side, ICZOOM Group (IZM), Oblong (OBLG), WM Tech (MAPS), Alarum Technologies (ALAR), and AgileThought (AGIL) also saw their stock prices decline.

Portfolio Pulse from Benzinga Insights

November 22, 2023 | 9:30 pm

Senate Majority Leader Chuck Schumer stated that the Senate is close to a floor vote on the SAFER Banking Act, which aims to reform marijuana banking laws. The bill requires more GOP support to reach the 60-vote threshold for passage. Schumer emphasized the public's support for marijuana legalization and the need to rectify harms caused by the drug war, particularly in minority communities. The bill includes provisions to support small minority businesses and may be further amended to address cannabis expungements and gun rights for consumers. Schumer has not personally used marijuana but supports legalization. Former NBA star Al Harrington, owner of cannabis company Viola, participated in the interview.

Portfolio Pulse from Benzinga Newsdesk

November 20, 2023 | 4:52 pm

In Friday's after-market session, several IT stocks experienced significant movements. Oblong (OBLG) shares rose 16% after Q3 earnings were released 3 days ago. Remark Hldgs (MARK), BIO-key Intl (BKYI), WM Tech (MAPS), Argo Blockchain (ARBK), and Arqit Quantum (ARQQ) also saw gains. Conversely, Nano Labs (NA), Cheetah Mobile (CMCM), Powerbridge Technologies (PBTS), SEALSQ (LAES), Saverone 2014 (SVRE), and OMNIQ (OMQS) shares fell, with some experiencing substantial increases in trading volume.

Portfolio Pulse from Benzinga Insights

November 17, 2023 | 9:31 pm

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