DENVER, Nov. 1, 2016 /PRNewswire/ -- MassRoots, Inc. (OTCQB:MSRT), one of the largest technology platforms for the cannabis industry, is pleased to announce that during October 2016, it raised $250,000 for marijuana legalization campaigns and non-profits across the country. On November 8, 2016, 9 states will be voting on initiatives to regulate the production and sale of cannabis: California (Adult-Use; 55-38-6), Arizona (Adult-Use; 50-40-10), Massachusetts (Adult-Use; 55-40-5), Nevada (Adult-Use; 53-41-6), Maine (Adult-Use; 53-38-10), Florida (Medical-Use; (67-30-3), Montana (Medical-Use; 44-54-5), North Dakota (Medical-Use; Not Polled), and Arkansas (Medical-Use; 45-50-5).
"Over 30% of the United States population lives in a state with a cannabis initiative on the ballot next Tuesday and we're mobilizing our entire community to help these initiatives pass," stated MassRoots CEO Isaac Dietrich. "If any combination of these initiatives become law, we expect it could significantly accelerate MassRoots' revenue and user growth."
"In public, most marijuana companies talk a big game about supporting cannabis legalization but never do anything to actually help. Isaac Dietrich and MassRoots are the complete opposite – they have quietly taken substantial action to help put several key initiatives over the finish line," stated Marijuana Policy Project Executive Director Rob Kampia. "On behalf of the millions of marijuana legalization supporters across the country, I'd like to thank MassRoots for having a significant impact in making these legalization initiatives pass."
"I first met Isaac Dietrich three years ago when MassRoots had about 5,000 users and was pitching the Arcview's investor group for the first time. It is my goal at Arcview to inspire activism from legal cannabis entrepreneurs. No adult should be punished for this plant and it warms my heart to see MassRoots advocating so fiercely for the freedom and liberty of their customers," stated Arcview Group CEO Troy Dayton. "Next Tuesday could mark the beginning of the end for marijuana prohibition. MassRoots is earning its place in the history books with its bold support for legalization."
MassRoots has begun a comprehensive Get-Out-The-Vote drive to turn out its community of close to a million cannabis enthusiasts to the polls. Through its digital channels, MassRoots expects to make millions of registered voter contacts before election day.
MassRoots is one of the largest and most active technology platforms for cannabis consumers, businesses and activists with over 900,000 registered users. It is proud to be affiliated with the leading organizations in the cannabis industry, including the Arcview Group and National Cannabis Industry Association. MassRoots has been covered by Fox Business, CNBC, Fortune, Denver Post, and The Financial Times. For more information, please visit MassRoots.com/Investors.
About The Marijuana Policy Project
The Marijuana Policy Is Project is the largest organization in the United States focused solely on ending marijuana prohibition. It is responsible for changing most of the state marijuana laws that have been reformed since 2000, including the legalization of marijuana in Colorado in November 2012 and in Alaska in 2014. The Marijuana Policy Project changes laws and is dedicated to regulating marijuana like alcohol in all 50 states, D.C., and the five territories. For more information, please visit https://www.mpp.org/.
About The Arcview Group
Founded in 2010, The Arcview Group is responsible for a number of groundbreaking ventures in the cannabis industry. The Arcview Investor Network includes more than 550 accredited investors who have put more than $72 million behind 114 companies. Arcview Market Research produces the State of Legal Marijuana Markets report, which is the most oft-cited market data report. In 2015, Arcview became a partner in Canopy, the first seed-stage mentor-driven business accelerator. Arcview is also co-founder of Cannasure Insurance Services, the leading provider of business insurance to the cannabis industry. For more information, please visit https://arcviewgroup.com/.
Certain matters discussed in this announcement contain statements, estimates and projections about the growth of MassRoots' business, partnerships, new features, and related business strategy. Such statements, estimates and projections may constitute forward-looking statements within the meaning of the federal securities laws. Factors or events that could cause our actual results to differ may emerge from time to time. 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.
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SOURCE MassRoots, Inc.