MassRoots announced in a press release on Wednesday that they are releasing a new product, MassRoots for Business. The company expects that this pivot will create its primary source of income for the year. MassRoots’ previous income was primarily from direct-to-consumer ads, though the company has had trouble meeting revenue goals in the past and in 2017 reportedly lost $44 million.
Subscriptions to the new business portal will start at $420 per month with a minimum one-year commitment. The service will focus on providing locational and statistical data and analytics pertaining to the members’ local markets. New Frontier Data indicates there are currently 2,488 licensed dispensaries in the U.S. — MassRoots for Business hopes to onboard several hundred of those, according to the press release, in a bid to become profitable.
MassRoots has suffered in the last two years. Once a promising social media startup with successful fundraising in the tens of millions of dollars, the company has struggled to find a way to monetize their community and data and become profitable. Several bids were made, including an attempt to develop a cannabis-focused blockchain product.
Last year, the board of directors attempted to oust founder Isaac Dietrich but failed spectacularly.
Do you own a cannabis industry business? Create a listing in our directory and get discovered by new clients – Click Here
Tags: Entrepreneurs, MassRoots, Technology | Categories: Cannabis Business News
Latest cannabis industry news:
View all recent news articles >>
Learn about cannabis businesses:
View the directory | Get featured here
CO2Meter, Inc. is a Florida based business specializing in the design and manufacturing of gas detection and monitoring devices – mainly Carbon Dioxide. Our CO2 monitors satisfy the current fire code regulations necessary for all cannabis grow house and extraction facilities. Our business partners in agriculture, HVAC, science, safety, research, pharmaceuticals, beverage, and other fields find our devices to be highly accurate and cost effective.
We are a Boutique Accounting firm focused on the cannabis industry. Our management team has over 100 years of combined experience in public accounting. Running a legal cannabis-based business can be complicated. Let us make sure your business is compliant with all federal, state and local financial regulations so that you can focus on your business.
TRIM Media House is a full-service digital marketing agency with a heavy focus in visual content creation, website design, photography, and videography. If you are trying to navigate the digital arena when it comes to your brand, we would love to talk to you!
Complete tax and accounting services for your cannabis business. We are a full-service Tax and Accounting firm dedicated to providing the highest quality of service and support to small and medium-sized businesses and individuals.
At Cannabis Cash Solutions we specialize in automating cash handling for marijuana-related businesses. Our turnkey cash management system makes it easy to start protecting your investment today.
GRND is a global recruiting agency that specializes in executive recruiting. GRND recruits and retains elite professionals that bring leadership, ethics, professionalism, and innovation to the cannabis industry. At GRND, we’ve created a culture of community that stretches across continents. We value our candidates and clients by bringing value to their lives and businesses. When we work together, we grow together. Ready To Grow?
Our mission is to help Cannabis owners save money! We accomplish this through a myriad of ways that includes strategic tax planning, proper GAAP cost accounting, and comprehensive back up documentation and work papers. Your success is our success! Our goal is to exceed your expectations through our qualitative expertise and outstanding customer service in the cannabis space.
LC Solutions offers clients timely accrual based bookkeeping, cost accounting strategies, planning, and consulting services. Our model supports an ongoing client relationship, helping to ensure accurate accounting records throughout the year. We are professional, patient, and creative in our approach. LC Solutions specializes 100% in serving Michigan’s Medical Cannabis industry.
We offer a complete bookkeeping and accountancy service to self-employed individuals and small businesses. We have been providing these services for 30 years and have built up a strong client base of small businesses. We understand your needs and deliver a personal service catering to the specific needs of your business. We are diamond QuickBooks Pro advisors!
Cannabis Advising Partners provides full-service licensing, compliance and business services for cannabis companies in California. Building on over 20 years of experience with CA compliance, we help all types of cannabis companies navigate the new and complex requirements that surround everything from the submission of an annual license to the broad range of intricate ongoing compliance standards that are mandated by law.
IndicaOnline is the most trusted Point-of-Sale software in the Medical Marijuana Industry across the U.S. and Canada. Founded in 2010, IndicaOnline combines an intuitive iPad POS software, a user-friendly interface, and an all-in-one hardware unit to accommodate every aspect of a medical marijuana business.
Steep Hill is the world’s leading cannabis science and technology company with significant footprints in lab testing, research and development, licensing, genetics, and remote testing. No other company brings these sectors into one synergistic whole. With the goal to provide “best practices” in cannabis testing, we provide expert consulting services to legislators and regulators in many countries around the world. Steep Hill: Leading the Science of Cannabis. Globally.
Brand names for sale:
FlowerBed.com would make an excellent brand for a retailer, dispensary, producer/processor, or ancillary product. “Flower” is one of the more common names for cannabis itself in the legal market and carries only positive, non-stoner connotations.
XpressPot.com would serve well as the digital home of a recreational cannabis retailer or medical delivery service.
The ultimate domain for a brand dedicated to people who love cannabis. This name is authoritative and applicable to a wide variety of business models.
The best possible domain name for an online cannabis education portal. MJU commands authority as an instantly recognizable certification body for cannabis growers/processors/budtenders/etc.
Representing by far the most recognizable phrase in reference to cannabis edibles, MarijuanaBrownie.com would be an excellent domain for an infused product line or manufacturer. This name commands instant recognition and authority.
Cannabis-Lawyer.com is an ideal domain for a legal expert looking to get involved in the cannabis industry, and also includes the plural Cannabis-Lawyers.com. Acquire them both to give your firm a leg up on the competition in search results and to achieve recognition and authority with your clients.
View all domains List a Domain