While preparing for their initial public offering (IPO) in Canada, BudTrader.com has announced that it has opened a new office in Santa Monica, CA. There have also been unconfirmed rumors the mega cannabis brand is renting a mansion in swanky Pacific Palisades based off recent Instagram posts (@realbudtrader). BudTrader.com and BudTrader.ca (Canadian Version) are classified ads platforms for the cannabis industry similar to Craigslist. BudTrader is the largest online medical marijuana marketplace in the world and BudTrader reports it has over 1 million registered users on its platform.
BudTrader, helmed by CEO Brad McLaughlin, recently expanded into merchant processing through its new joint venture with Greenway Payments Solutions, a debit card processing company for legal cannabis and CBD companies.
“Silicon Beach is about to get a lot more green,” says McLaughlin, referring to the nickname which Santa Monica has earned as tech and cryptocurrency heavyweight brands and billionaires are moving into the city in record numbers. “As soon as we started developing BudTrader, we knew we eventually had to go where the action is. The people in Santa Monica are so friendly too, and of course it’s so beautiful here.”
Neighboring businesses weren’t sure what to expect when they learned a cannabis company was moving in. “They weren’t what I expected. They look like they’re from Google, not a pot website,” says local businessman Tom Beaulieu whose company Water Place Media is in the same building as BudTrader’s. He added, “They seem like very polite, bright young guys.”
BudTrader.com is one of the fastest growing cannabis tech brands, and currently operates in 29 states where cannabis is legal, and also in Puerto Rico, Washington D.C. and Canada. The brand is headquartered in San Diego, CA, where the state of the art BudTrader Campus was built in 2017.