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MassRoots in turmoil after CEO ouster; CannaRegs scuttles planned $12M merger
By Omar Sacirbey
Turmoil and uncertainty are swirling around MassRoots, the once high-flying canna-centric social media and tech firm, after the company’s board fired founder and CEO Isaac Dietrich.
The news already has triggered fallout for MassRoots: The Denver company’s planned $12 million acquisition of tech company CannaRegs has been scrapped.
Hemp-based CBD market continues its enormous growth
By John Schroyer
Just as the marijuana industry has exploded in recent years, so too has a sector that revolves around the plant’s non-psychoactive cousin: hemp.
In particular, demand for hemp-based cannabidiol has skyrocketed, and the resulting need nationwide for more CBD-based health products helped give birth to a new industry that parallels the larger cannabis market.
Historic 2016 elections will create massive opportunities for entrepreneurs and propel the industry forward, but uncertainty looms
On the evening of Nov. 8, 2016, voters in eight states approved significant marijuana-related ballot measures, ushering in countless business opportunities and laying the groundwork for immense growth across the cannabis industry.
