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Daily Archives : November 14, 2017

MassRoots' quarterly revenue tanks

By Alicia Wallace The company will need to raise at least $2.5 million by year’s end to continue to fund operations, officials disclosed in a regulatory filing made Tuesday with the SEC. …read more Via: MassRoots’ quarterly revenue tanks     

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MassRoots’ net loss widens, but cash reserves grow

By John Schroyer MassRoots saw its red ink double in the third quarter, though the cannabis-focused social media network’s cash reserves were substantially higher than the previous three-month period. According to the company’s latest quarterly filing with the Securities and…

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Jeff Sessions clarifies DOJ's marijuana stance, says 'federal law remains in effect'

By Andrew Blake The Trump administration’s Department of Justice has taken essentially the same stance on enforcing federal marijuana laws as during former President Barack Obama’s time in office, Attorney General Jeff Sessions told lawmakers Tuesday. Testifying during a House…

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A Colorado ski town is on track to pass $10M in marijuana sales this year. It only has 3 shops

By The Cannabist Network Steamboat Springs marijuana sales at its 3 stores are on track to surpass $10 million this year, up 14 percent over 2016. …read more Via: A Colorado ski town is on track to pass $10M in…

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Florida MMJ businesses can only watch as 50K try to join lagging program

By John Schroyer More than 50,000 patients have attempted to register for medical cannabis ID cards in Florida, but it appears many are being forced to wait months before receiving those cards. According to WFLA, a total of 50,284 patients…

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