Nasdaq CM Stands for Nasdaq "Capital Markets".
Nasdaq's website has a Q&A Section where its explained:
http://answers.nasdaq.com/questions/detail/2009089cd1ce8/what-is-nasdaqcm-and-nasdaqgs-thanks
NASDAQCM stands for NASDAQ Capital Market, which is a tier of the NASDAQ stock exchange designed for smaller, growth-oriented companies. It provides an opportunity for these companies to access capital through public equity markets while adhering to specific regulatory requirements. The NASDAQCM focuses on companies that may not meet the larger exchange's financial standards but still offer potential for growth and investment.
Nasdaq CM Stands for Nasdaq "Capital Markets". Nasdaq's website has a Q&A Section where its explained: http://answers.nasdaq.com/questions/detail/2009089cd1ce8/what-is-nasdaqcm-and-nasdaqgs-thanks