If you’re looking to take advantage of more states legalizing marijuana MSRT is for you.
The legal cannabis market is making great strides, primarily due to the laws passed that would legalize marijuana for recreational use in some states in 2016. The “war on drugs” could be over with marijuana due to its potential benefits. In 2016, over 55% of Americans in a Gallup poll supported legal cannabis use. This is a sign that more and more Americans are realizing how cannabis could benefit those with illnesses, athletes recovering, and even adults who it for recreational use.
Now, it’s not just states in the U.S. looking to legalize marijuana to potentially bring an unending flow of dollars in revenues. Canada is also moving to legalize cannabis for adult use. According to a research report issued by Arcview Market Research, legal cannabis sales in North America grew by an astonishing 30% year over year, in 2016, to over $6B. The report indicated that legal marijuana sales in North America could rise to $20.2B by 2021, or a 25% compound annual growth rate (CAGR).
It’s clear to see that many people want cannabis legalized. Many states already have legalized medical marijuana, and they could move to legalize it for adult recreational use.
Take a look at the map of states with legalized recreational and medical marijuana use.
With the recent election and the increasing number of cannabis users, there’s an opportunity for one new player to increase its user base and revenues.
MassRoots, Inc. (OTCQB: MSRT)
MassRoots Incorporated (OTCQB: MSRT) is a Colorado-based company formed in 2013 to be one of the first social networks for the cannabis community.
MassRoots operates a tech platform for cannabis activists, businesses, and consumers. MSRT focuses primarily on allowing its users to share educational content on cannabis, stay connected with developing news in the industry and follow dispensaries.
MassRoots is one of the fastest growing tech platforms in the cannabis industry. MSRT is closing in on 1M users, and it could continue to grow with states in the U.S., as well as Canada, moving to legalize marijuana for adult use.
MassRoots is dependent on states passing medical or recreational cannabis laws. Take a look at MSRT’s projected regulated marijuana market growth map below:
There are quite a few states that have legalized recreational and medical marijuana use. When states pass these laws, MSRT is able to start registering users and cannabis business in the state at a low cost.
MSRT is a unique platform for the cannabis industry, and it’s collaborating and forming strategic partnerships with other companies in the space, which could grow its user base and revenue over the long term.
MassRoots entered into a definitive agreement to acquire Whaxy, an online order and menu management platform, in December 2016. The ordering platform was launched in May 2016, and processed over $5m in volume since then. Over the short term, MSRT believes this partnership could gain headway, and accelerate Whaxy’s adoption to hundreds of dispensaries.
Additionally, MassRoots entered into a partnership with Headset, a cannabis business intelligence firm, to integrate its base-level dashboards into the business-facing advertising portal, MassRoots for business. MassRoots and Headset will help major dispensaries access data in easy-to-use formats and allow users to see live menu prices from their favorite dispensaries.
MassRoots also entered into a partnership with MJ Freeway in December 2016. MJ Freeway is one of the cannabis industry’s leading point-of-sale software. MJ Freeway processed over $5B in cannabis transactions in 2015. Now, with this new partnership, MassRoots will be able to use MJ Freeway’s API to enable communications between dispensaries and cannabis consumers.
In addition to entering into these strategic partnerships, the MassRoots team has some experienced members. Chief Technology Officer Lance Galey has been a tech leader for nearly 20 years, and he’s got experience from some of the top tech companies, such as Microsoft and Salesforce. Director of UX Brian Bureson has been designing products centered around users for over 10 years. Most recently, Bureson led the design of large scale projects at Microsoft, Skype and Motorola.
The new strategic partnerships and MSRT’s strong team could transform the cannabis industry. MSRT is connecting cannabis users with businesses, as well as providing educational content, which should attract more users since it would make it easier to order online. Consequently, an increasing user base could push MSRT higher.
Check out the chart on MSRT below…
There are some interesting points to address in the chart. Looking at the daily chart, you could see that MSRT has been trending higher, and broke out of the downtrend it was stuck in for most of November 2016.
Additionally, the chart looks like it could be forming an inverse head and shoulders pattern, if MSRT cleanly breaks above the $1.08 resistance level, it could run higher. The stock is “bullish” because it’s been trading in an uptrend. However, MSRT is over 30% below its 52-week high. Given the recent state marijuana laws passed in 2016 and MSRT’s partnerships, MSRT could continue to grow and establish itself as the leading tech platform in the industry.
MassRoots Inc. is one of the largest tech platforms in the regulated cannabis industry. MSRT offers mobile apps through Apple and the Google Play Store. The mobile apps allow its users to leave reviews of cannabis strains and products, be educated on cannabis, and make educated cannabis purchasing decisions.
MassRoots developed an innovative platform for the cannabis industry, and with MSRT’s new partnerships, it’s continuing to strengthen its stance as one of the largest tech platforms in the industry.
You can read more about MSRT and its latest news developments below:
MassRoots Issues Shareholder Letter
Highlights Recent Strategic Milestones, Projects Positive Cash-Flow in Early 2017
DENVER, Jan. 4, 2017 /PRNewswire/ — MassRoots, Inc. (OTCQB:MSRT) one of the leading technology platforms for the cannabis industry, announced today that the Company mailed a letter to its shareholders updating them on recent developments, financial results, and new business opportunities. Highlights include:
ArcView Market Research & New Frontier Financial project the regulated cannabis industry will grow from $5.7B in 2015 to $23.1B in 2020, a compound annual growth rate of 35%.
MassRoots generated $794,000 in revenue as of September 30, 2016, an increase of 1,140% when compared to $64,000 in revenue during the same period in 2015.
Entered into a partnership with MJ Freeway – the largest cannabis seed-to-sale tracking platform that has processed more than $5B in cannabis transactions and has close to 50% market share.
Current growth rates show MassRoots is on track to be cash flow positive on a monthly basis starting in early 2017.
On November 8, 2016, 8 states representing 22% of the United States population voted to regulate the production and sale of cannabis.
MassRoots currently has 900,000 users out of an estimated 10m regular cannabis consumers residing in a state with medical or recreational cannabis laws.
Entered into a definitive agreement to acquire DDDigtal, Inc. “Whaxy” to expand MassRoots’ offerings to dispensaries and help grow its quarterly revenues.
Closed a $5m Registered Offering in October 2016, leaving MassRoots with its strongest cash on hand in its corporate history, and has been bolstered by more than $500,000 in warrant exercises since November 1, 2016.
Recruited Robert Pullar as MassRoots’ Chief Financial Officer.
“Management is extremely pleased with the recent achievements and growth trajectory that MassRoots is currently experiencing,” stated Mr. Isaac Dietrich, Founder and CEO of MassRoots, Inc. “We believe that now is a perfect time to proactively communicate our strategic business model with the investment community. We are in the midst of an exciting stage in the industry; new regulations and studies have made cannabis more widely accepted than ever before. MassRoots is confident that it is ideally positioned to leverage the numerous opportunities within the rapidly expanding legal cannabis market. Going forward, we are committed to adding users and features to our best-in-class technology platform while remaining focused on our primary goal of improving shareholder value.”
To view the MassRoots Shareholder Letter please visit: https://massroots.com/investors/MassRoots_Brochure_December_2016.pdf
MassRoots Recruits Robert Pullar as Chief Financial Officer
DENVER, Dec. 21, 2016 /PRNewswire/ — MassRoots, Inc. (OTCQB:MSRT), one of the leading technology platforms for the cannabis industry, is pleased to report it has recruited Robert “Bob” Pullar as Chief Financial Officer. Since November 2006, Mr. Pullar has served as Managing Director of Axis Private Equity Group, LLC, an investment firm focused on making equity investments in well-managed, profitable companies. He has negotiated leveraged buyouts, management buyouts, recapitalizations and equity investments with privately held businesses and subsidiaries or divisions of public companies.
“As we enter into the next phase of growth for MassRoots, we could not be more excited to welcome a candidate of Mr. Pullar’s caliber to our management team,” stated MassRoots CEO Isaac Dietrich. “His guidance and oversight of MassRoots’ financial model will be instrumental as we continue to execute on our business plan in an effort to attain profitability.”
“Over the past several decades, my main focus has been putting small companies on a solid financial track while preserving shareholder capital,” stated MassRoots CFO Bob Pullar. “I look forward to applying this expertise and knowledge to growing MassRoots’ revenues in a disciplined and prudent manner.”
MSRT Has the Potential to Grow its Revenues and Earnings
MSRT has its platform up and running, and it’s an exciting time for the company after the recent election. If more states continue to legalize marijuana, there could be a domino effect, potentially leading to all states legalizing cannabis. In turn, this could significantly increase the number of users on MSRT’s platform, which means more revenues.
For your own due diligence, start your research into MSRT by visiting here: https://massroots.com/
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