massroots

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Oklahoma: Veteran Facing Life Sentence For Medicinal Cannabis Set Free After Public Outcry

Lewandowski Family, MassRoots

After the public outcry of support, the Marine veteran was treated with regard rather than disdain in the courtroom

By Michael Bachara
Hemp News

The state of Oklahoma was pursuing life in prison against Kristoffer Lewandowski, a 10 year Marine Corps Veteran who was a member of the 13th Marine Expeditionary Unit. Lewandowski, an honorably discharged Marine who served his country for over a decade, was facing ten years to life in prison for growing 6 cannabis plants in 2014, to treat his PTSD and combat injuries after Pharmaceuticals failed him.

U.S.: Nasdaq Rejects Listing For Marijuana Social Networking Company

Wall St weed.jpg

By Derrick Stanley
Hemp News

The stock exchange Nasdaq recently rejected an application for listing filed by marijuana social networking company Massroots.

Massroots released a statement about the rejection saying part of the reason was the company could be seen as aiding and abetting violations of federal law, namely marijuana prohibition.

Massroots says it will appeal Nasdaq's decision to the exchange's listing appeals board.

"With this decision, we believe that the Nasdaq has set a dangerous precedent that could prevent nearly every company in the regulated cannabis industry from listing on a national exchange," MassRoots CEO Isaac Dietrich insisted in the company's statement. "This will have ripple effects across the entire industry, making it more difficult for cannabis entrepreneurs to raise capital and slow the progression of cannabis legalization in the United States."

Massroots lists currently on the OTCQB market. The company says it has 900,000 people on its social network for cannabis users. Only individuals in states where marijuana is legalized, at least for medical use, can register.

Colorado: Some Companies Encourage Marijuana Breaks At Work

MassRootsSmokingSession[CNN].jpg

By Steve Elliott
Hemp News

If you like cannabis, you're going to love the future. At offices in Colorado and other legal states, some companies are encouraging their employees to take marijuana breaks at work.

Denver-based startup Flowhub, which provides software for the cannabis industry, has been a marijuana-friendly workplace since it launched last year, according to founders Kyle Sherman and Chase Wiseman, reports Parija Kavilanz at CNN Money.

"Our philosophy at Flowhub is to get shit done," Sherman said. "If it helps our employees get work done, then we don't care if they consume at work."

Sherman and Chase themselves both consume cannabis at work, either in weekly brainstorming meetings or toward the end of the day. "It definitely surfaces new ideas and a fresh take on things," Sherman said.

Smoking of any kind isn't allowed in the office building, but since recreational marijuana is legal in Colorado, Flowhub's 18 employees are free to bring in cannabis-infused edibles, sodas and juices. So far, there haven't been any negative outcomes.

"Our clients are some of the biggest firms in the cannabis industry," Sherman said. "We have to be on point with our work. We've never had a problem yet."

High There! and Mass Roots, two social networking platforms for cannabis users, have headquarters just across the street from each other in Denver. Both startups allow marijuana at work.

U.S.: Founder of Marijuana Investment Group Interviewed by Ganjapreneur

DouglasLeightonDutchessCapital

As public support for the legalization of marijuana has grown, so has the speculation that the cannabis industry could be poised for a major boom if the U.S. federal government changes its policy toward the drug. Like any other emerging market, the cannabis industry has piqued the interest of many venture capital and investment firms around the globe.

Recently, Ganjapreneur, a website dedicated to the growing industry, published an interview with Douglas Leighton, founding partner of Dutchess Capital, an investment group which has recently focused its investments on cannabis start-ups.

In the interview, Leighton discusses how Dutchess Capital came to view the cannabis industry as an opportunity and what led to their eventual decision to invest in several start-ups.

"It took us about 10 months of due diligence before we were comfortable to make the first investment," Leighton said. "We joined ArcView, the angel network for the cannabis industry, in the summer of 2013 and met Isaac Dietrich of MassRoots and subsequently made the first investment." MassRoots is a popular, pseudo-anonymous social network for cannabis users.

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