The podcast explores WM Technology (Weedmaps) as a potential investment opportunity, given its 97% stock decline. Rod Alzmann, an investor in WM Technology, explains the company's business model as the "Yelp of cannabis," a two-sided marketplace connecting consumers with licensed dispensaries. The discussion highlights the impact of federal illegality on mainstream tech platforms entering the cannabis market, creating a niche where Weedmaps dominates. Alzmann points out that the company's revenue has been relatively flat, but upcoming regulatory changes, such as the federal hemp ban and Virginia's adult-use cannabis bill, could act as catalysts for growth. He also addresses potential acquisition scenarios, the tax receivable agreement, and treasury mismanagement, while emphasizing that the current share price does not reflect the company's fair market value.
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