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Weedmaps to stop advertising unlicensed pot businesses
Source: Associated Press
Weedmaps to stop advertising unlicensed pot businesses
By MIKE BLOOD and GENE JOHNSON
August 21, 2019
LOS ANGELES (AP) — The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow black-market businesses to advertise on its site, a decision that could boost California’s efforts to rein in its vast illegal market.
State regulators and licensed businesses had been pressuring the company to ban unlicensed businesses. Allowing untaxed, unregulated product on the site alongside the taxed marijuana of licensed and regulated stores undercut the legal market, they said.
“That is a huge win,” said Ryan Kunkel, whose Have A Heart dispensary chain operates in Washington, Oregon and California. “Our biggest competitor in every jurisdiction in California is black-market Weedmaps. It’s not the tax rates, it’s not the regulations — it’s Weedmaps’ efforts to prop up unlicensed operators.”
Jerred Kiloh, a licensed dispensary owner in Los Angeles who heads the United Cannabis Business Association, an industry group, projected that half of California’s illegal operations could dry up once they are denied access to Weedmaps ads.
-snip-
By MIKE BLOOD and GENE JOHNSON
August 21, 2019
LOS ANGELES (AP) — The major online pot shop directory and cannabis marketplace Weedmaps announced Wednesday that it will no longer allow black-market businesses to advertise on its site, a decision that could boost California’s efforts to rein in its vast illegal market.
State regulators and licensed businesses had been pressuring the company to ban unlicensed businesses. Allowing untaxed, unregulated product on the site alongside the taxed marijuana of licensed and regulated stores undercut the legal market, they said.
“That is a huge win,” said Ryan Kunkel, whose Have A Heart dispensary chain operates in Washington, Oregon and California. “Our biggest competitor in every jurisdiction in California is black-market Weedmaps. It’s not the tax rates, it’s not the regulations — it’s Weedmaps’ efforts to prop up unlicensed operators.”
Jerred Kiloh, a licensed dispensary owner in Los Angeles who heads the United Cannabis Business Association, an industry group, projected that half of California’s illegal operations could dry up once they are denied access to Weedmaps ads.
-snip-
Read more: https://apnews.com/606bac4f0ead4b3394577f69246ced38
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