'Facebook for Pot' Files to Be First Cannabis Company on NASDAQ
A social network for cannabis consumers is seeking investors who see potential in the business of pot.
MassRoots Inc., a “technology platform for the cannabis industry,” filed IPO papers today to be NASDAQ’s first publicly traded marijuana-related company.
Massroots is an online forum and mobile app where pot smokers can share pot photos and memes with like-minded users. The app uses location-sharing to connect local users, or to give a tour of buds around the world.
Massroots CEO Isaac Dietrich said the company is a “social network for cannabis consumers, a Facebook for pot that enables people to find smoking buddies, provides information about dispensaries and gives a forum for sharing legalization news.”
Dietrich describes it as a “cultural company” or “technology platform” that does not face the same challenges as people who “touch the plant” to make money.
Although Massroots does not sell cannabis, Dietrich said the company “self-polices” its...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
Follow us on Instagram
Connect with us on Linkedin