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Weed
Website that features information about the cannabis industry, with a focus on its effects and impact on health
About Weed
Weed.com operates as an e-commerce platform specializing in hemp-derived cannabinoids, made federally legal in the U.S. by the 2018 Farm Bill. The company was founded in 2007 by Dr. Alexander Tabibi, who anticipated the future legalization of cannabis. Dr. Tabibi's background is in medicine; he completed his residency in Internal Medicine and a fellowship in Hematology-Oncology. His experience with AIDS and cancer patients informed his understanding of cannabis's potential benefits. After leaving the medical field, he gained experience in the business world with startups before launching Weed.com.
The business functions as an online marketplace for a wide array of cannabis-related products. Its business model is centered on direct-to-consumer sales via its website. The platform caters to a broad customer base, including recreational users, wellness enthusiasts, and individuals seeking specific cannabinoids for health reasons. Customers must be at least 21 years old to purchase products. The company's revenue is generated through the sale of these goods, with an estimated annual revenue of around $44.2 million.
Weed.com's product catalog is extensive, featuring categories such as flower, vapes, edibles, concentrates, capsules, oils, tinctures, health and beauty items, and even pet products. All products sold contain no more than 0.3% THC, complying with federal law. The company provides educational resources for its customers, including information on cannabis strains, recipes, and general knowledge through a "Cannabis 101" section. It also offers wholesale opportunities and provides lab reports for its products to ensure transparency. The company is headquartered in Los Angeles, California, and operates primarily within the United States, although it has noted global expansion efforts. Due to varying state and local laws, shipping of certain products like THCA and Delta-8 is restricted in several U.S. states.
Source: Dealroom company dataAt a glance
- Founded
- 2014
- Headquarters
- Los Angeles, United States
- Sector
- Food
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