Dec 8th 2011 - Being quietly sold for a incredible 4.2 million dollars with set details still to be released, the company General Cannabis which also owns weedmaps.com and various other domain names finally sucked onto the very lucrative and seemingly popular domain name of marijuana.com. Who would have thought the industry could produce such a staggering demand for content and domain names, but here we have it. At the end of the day one might think the term/name Marijuana in cyberspace would be worth something but at a price tag of 4.2 million dollars it is a true record breaking push for those who truly understand the market and business.
While receiving millions upon millions of page views per month, Marijuana.com along with it's rich diverse forums offer more on a business standpoint then just the current spectrum it offers. Clearly acquiring this particular name sets General cannabis at the forefront in the online Marijuana business now and also for future endeavors. Take note our current state of drug wars in various country's, this may sound like a bad business decision, but the drug war cannot continue and thus at one point will change. You might ask how this affects an online sale for a single domain name and forum, well it's not hard to grasp the possibility's of the millions of dollars this name might generate if or should I say when the collapse of the drug war will bring.
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That's a freaking ton of money!
ReplyDeleteAre they going to change the site, like the forum I mean?
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