$MSRT >> The Year of Marijuana
Denver, CO ( June 29, 2016 ): MassRoots, Inc., one of the largest and fastest growing technology platforms for the cannabis industry, is pleased to announce that recent polling by the Marijuana Policy Project shows broad support for legalization in several key states expected to vote on cannabis regulation this fall. An April 2016 report from ArcView Market Research and New Frontier Financial projects that at least five of these initiatives (CA, FL, NV, MA an ME) will pass, which would cause the regulated cannabis industry to grow from $5.7 billion in 2015 to $23.1 billion in 2020 .
“Elections have the ability to create new markets, reshape economies and change the course of history,” stated MassRoots CEO Isaac Dietrich. “We believe 2016 will be a watershed moment in which states with close to 30% of the American population could vote to regulate the production and sale of cannabis.”
MassRoots’ business model is designed to benefit from this trend. When a new state passes a medical or recreational cannabis law, MassRoots can register users and businesses in that state with minimal marginal cost. Because it is not involved in the production or sale of cannabis, MassRoots does not have to build out grow operations, open retail stores, or have a physical presence in the state in order to generate revenue. At the same time, MassRoots’ financial model is not tied to the success of a particular location or brand – the Company believes it will have a significant percentage of all dispensaries and brands on our platform, making MassRoots a play on the industry as a whole.
MassRoots is also in a unique position to help these legalization initiatives become law. With 900,000 users on its network, the Company believes it has the reach and scale to raise awareness of these initiatives, push voter registration, and drive grassroots donations to these campaigns. To be clear, MassRoots does not intend to allocate material shareholder resources to these campaigns, but to use its social reach and influence to help legalization initiatives pass. Not only will this help expand regulated cannabis markets and the Company’s potential revenue, but it will raise awareness and improve favorability of the MassRoots brand amongst cannabis consumers.
“We’re asking our subscribers, clients and shareholders to make a donation to the Marijuana Policy Project to help these initiatives become law,” stated MassRoots CEO Isaac Dietrich. “Without MPP’s leadership, the cannabis industry would not be in this incredible position – it’s now our responsibility to push these initiatives over the finish line and accelerate the cannabis industry’s already rapid growth.”
Click here to view MassRoots' latest deck.
https://massroots.com/investors/MassRoots_Pit...une_19.pdf
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to the existing business and the historical operating results of MassRoots and estimates and projections as to future operations, potential partnerships with other businesses, the success of events that we are attending, and other information, is based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
Forward-looking Statements:
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' advertising business, potential partnerships with Flowhub, success of investor events attended by the Company,and our related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those anticipated by the statements made herein include, among others, the success of our advertising initiatives, the continued growth and engagement of our user base, our ability to work with partners of the Company, and unforeseen technical or other problems or issues that could affect the performance of our products or our business. Further information on our risk factors is contained in our filings with the SEC, including the Amendment to our Registration Statement on Form S-1 filed with the SEC on October 29, 2015. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
Our mailing address is:
MassRoots
1624 Market St
Ste 201
Denver, CO 80202
Denver, CO ( June 29, 2016 ): MassRoots, Inc., one of the largest and fastest growing technology platforms for the cannabis industry, is pleased to announce that recent polling by the Marijuana Policy Project shows broad support for legalization in several key states expected to vote on cannabis regulation this fall. An April 2016 report from ArcView Market Research and New Frontier Financial projects that at least five of these initiatives (CA, FL, NV, MA an ME) will pass, which would cause the regulated cannabis industry to grow from $5.7 billion in 2015 to $23.1 billion in 2020 .
“Elections have the ability to create new markets, reshape economies and change the course of history,” stated MassRoots CEO Isaac Dietrich. “We believe 2016 will be a watershed moment in which states with close to 30% of the American population could vote to regulate the production and sale of cannabis.”
MassRoots’ business model is designed to benefit from this trend. When a new state passes a medical or recreational cannabis law, MassRoots can register users and businesses in that state with minimal marginal cost. Because it is not involved in the production or sale of cannabis, MassRoots does not have to build out grow operations, open retail stores, or have a physical presence in the state in order to generate revenue. At the same time, MassRoots’ financial model is not tied to the success of a particular location or brand – the Company believes it will have a significant percentage of all dispensaries and brands on our platform, making MassRoots a play on the industry as a whole.
MassRoots is also in a unique position to help these legalization initiatives become law. With 900,000 users on its network, the Company believes it has the reach and scale to raise awareness of these initiatives, push voter registration, and drive grassroots donations to these campaigns. To be clear, MassRoots does not intend to allocate material shareholder resources to these campaigns, but to use its social reach and influence to help legalization initiatives pass. Not only will this help expand regulated cannabis markets and the Company’s potential revenue, but it will raise awareness and improve favorability of the MassRoots brand amongst cannabis consumers.
“We’re asking our subscribers, clients and shareholders to make a donation to the Marijuana Policy Project to help these initiatives become law,” stated MassRoots CEO Isaac Dietrich. “Without MPP’s leadership, the cannabis industry would not be in this incredible position – it’s now our responsibility to push these initiatives over the finish line and accelerate the cannabis industry’s already rapid growth.”
Click here to view MassRoots' latest deck.
https://massroots.com/investors/MassRoots_Pit...une_19.pdf
This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to the existing business and the historical operating results of MassRoots and estimates and projections as to future operations, potential partnerships with other businesses, the success of events that we are attending, and other information, is based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future.
Forward-looking Statements:
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' advertising business, potential partnerships with Flowhub, success of investor events attended by the Company,and our related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Important factors that could cause our actual results to differ materially from those anticipated by the statements made herein include, among others, the success of our advertising initiatives, the continued growth and engagement of our user base, our ability to work with partners of the Company, and unforeseen technical or other problems or issues that could affect the performance of our products or our business. Further information on our risk factors is contained in our filings with the SEC, including the Amendment to our Registration Statement on Form S-1 filed with the SEC on October 29, 2015. Factors or events that could cause our actual results to differ may emerge from time to time, and it is not possible for us to predict all of them. Any forward-looking statement made by us herein speaks only as of the date on which it is made. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements.
Our mailing address is:
MassRoots
1624 Market St
Ste 201
Denver, CO 80202
