During the past week, Sedo, a domain name seller, had a "smoky" theme as four cannabis-related domain names were sold.
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Among the domains sold were Nimbus.co, which was bought by an ad tech company, and Kleinz.com, which was bought by a car seller in Germany. Additionally, a non-аlcoholic pop-up bar and an online ad seller also bought domain names.
Other domains that were sold include those that promote the legalization of marijuana in Germany and a trading platform called Alchemy. Lastly, CPA Software Consult purchased ShoeFactory.de and SBR BAR in Cologne bought Soberbar.de.
It seems that the trend of buying cannabis-related domain names continues as Sedo recently sold several more such domains. The buyers included various companies with different specialties, such as ad tech and energy products.
It's interesting to see how businesses are leveraging the growth of the cannabis industry in creative ways.
Domains like Nimbus.co and Kleinz.com highlight the diverse interests of buyers, from ad tech to automotive. This trend reflects a broader acceptance of cannabis culture and its commercial potential. However, while the growth is promising, one must question the sustainability of such investments.
Are these buyers truly in it for the long haul, or are they simply riding the green wave? The cannabis domain space is becoming crowded, and not all players will thrive.