Cannabis consumers around the globe love using Weedmaps. Weedmaps is the largest and most comprehensive marijuana directory and discovery app in existence. With listings throughout the US, Canada, and Europe – Weedmaps helps you locate doctors, deliveries, storefronts, and deals near you. Besides real-time dispensary menus, pricing, and more … what else can you use Weedmaps for? Due diligence!
Peter Lynch, famed investor and former manager of Fidelity’s Magellan Fund, once wrote a whole book centered on his thesis: “Invest in what you know.” This mantra couldn’t possibly be more applicable to cannabis consumers. Never before on Wall Street has there been a booming new sector with such a passionate community built around it. There are now hundreds of publicly-listed marijuana stocks out there, and cannabis consumers are well positioned to beat the analysts on Wall Street because of one big edge — they’re investing in what they know.
Investopedia defines due diligence as “an investigation or audit of a potential investment.” Since a handful of the marijuana stocks we cover own, have stakes in, or partner with dispensaries — Weedmaps is the perfect tool for getting the details on any given dispensary.
Stony Hill Corp. (OTC:STNY) for instance, Damian Marley’s cannabis company, signed an agreement back in May to license the name and phrase “Damian Marley’s Stony Hill” to marijuana dispensaries in Colorado and Oregon. Because licensees will pay a cash fee for each marijuana dispensary location that uses the name, investors must determine the likelihood of new locations opening under Damian’s name. If the existing locations using the name are successful, we can assume that there will be many more to come. The Colorado licensee currently has a location in Denver, so that’s where we’d want to look first on Weedmaps.
It’s got a 5-star overall rating with comments like “They have the best prices i’ve come across. This shop deserves all the recognition. 10/10 friendly staff. Did not feel rushed at all!” Compare that with a quick look at the Weedmaps profile for the Diego Pellicer (OTC:DPWW) dispensary in Denver South and we see that it has an overall 4.8-star rating with comments like “A little pricy but they have good deals. Very happy I found this place.” Based on our Weedmaps research, it looks like we’ve found the winner.
Whether you’re an experienced cannabis connoisseur or new to the world of marijuana, Weedmaps can be extremely helpful. If you happen to be a cannabis investor, Weedmaps becomes even more useful. Download the Weedmaps app for iPhone or Android to see for yourself!
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