Aims to be a leading information portal for millions of consumers interested in CBD products; exploring E-Commerce for hemp-derived CBD products following passage of the Farm Bill
LOS ANGELES, Dec. 20, 2018 /PRNewswire/ -- MassRoots, Inc. ("MassRoots" or the "Company") (MSRT), one of the leading technology platforms for the regulated cannabis industry, is pleased to announce that MassRoots is preparing the launch of a cannabidiol ("CBD") product-focused review and e-commerce platform.
CBD is a cannabis compound that has significant medical benefits, but does not make people feel "stoned" and can counteract the psychoactivity of THC. * It is intended to expand MassRoots' audience to mainstream consumers solely interested in the potential benefits of CBD products, but have no desire to feel the psychoactive affects caused by THC. CBD has been used to treat patients looking for relief from inflammation, pain, anxiety, psychosis, seizures, spasms, and other conditions without disconcerting feelings of lethargy or dysphoria. The legal CBD marketplace is expected to be valued at more than $20 billion by the year 2022. **
"During the past several years, MassRoots' community has generated tens of thousands of reviews on products containing CBD," stated MassRoots Chief Executive Officer Mr. Isaac Dietrich. "By presenting this information in an environment separate from THC products, we believe that we could significantly expand our mainstream audience. The passage of the Farm Bill also opens the possibility of an e-commerce platform offering hemp-derived CBD products in compliance with federal and state regulations. Management views this as a substantial opportunity, one in which MassRoots is in a prime position to leverage."
For more information, please visit www.MassRoots.com/Investors and review MassRoots' filings with the U.S. Securities and Exchange Commission.
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.
The Company's rewards program, WeedPassTM, enables consumers to earn tickets to movies, sporting events, and festivals by shopping at participating dispensaries.
MassRoots has been covered by CNN, CNBC, Fox Business, Fortune, Forbes, and Reuters. For more information, please visit www.MassRoots.com/Investors and review MassRoots' filings with the U.S. Securities and Exchange Commission.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.
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