MassRoots' Dispensary Finder to List Only State-Licensed Dispensaries
April 04 2018 - 8:35AM
InvestorsHub NewsWire
MassRoots’
Dispensary Finder to List Only State-Licensed
Dispensaries
Company pledges to be in
full compliance with California and other state regulations; Aims
to build long-term relationships with
state-licensed businesses
Denver, CO -- April 4, 2018 --
InvestorsHub NewsWire -- MassRoots, Inc. (“MassRoots” or the
“Company”) (OTCQB:MSRT), a leading
technology platform for the regulated cannabis industry, today
reaffirmed its long-standing policy to list only state-licensed
dispensaries on its platform. Recently, California’s Bureau of
Cannabis Control has requested that online services cease listing
unlicensed dispensaries operating in violation of state cannabis
regulations. Several prominent online dispensary finder services
have chosen to ignore this guidance from state regulators and
continue to list unlicensed dispensaries.
“We believe that operating in full compliance with state cannabis
regulations is crucial to creating long-term, sustainable
shareholder value and building confidence with consumers as well as
local, state and federal regulatory organizations,” stated
MassRoots Chief Executive Officer, Mr. Isaac Dietrich. “Other
services that continue to drive traffic to unlicensed dispensaries
are punishing businesses that have invested significant time and
resources to gain compliance with state regulations. We view this
as an opportunity to build long-term relationships with compliant
dispensaries that we believe are the future of the cannabis
industry.”
In the coming weeks, MassRoots is expected to introduce its
revamped business portal and dispensary finder. Only dispensaries
that compensate MassRoots a minimum of $199 per location per month
will be listed on the dispensary map and have access to its
comprehensive business portal. ArcView Market Research estimates
there are roughly 1,700 dispensary locations in the United States
currently, growing to around 2,500 over the next 18 months.
About
MassRoots
MassRoots, Inc. is one of the
leading technology platforms for the regulated cannabis industry.
Powered by more than one million registered users, the Company's
mobile apps empower consumers to make educated cannabis purchasing
decisions through community-driven reviews. With a significant
market share of medical cannabis patients in certain markets and
more than 35,000 shareholders, the Company believes it is uniquely
positioned to best serve the needs of the cannabis industry. For
more information, please visit MassRoots.com/Investors
and review MassRoots' filings
with the U.S. Securities and Exchange Commission.
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