‘Instagram of indica’ hungry for more investment

massroots

A social media website hailing itself as the “Instagram of indica” is setting its sights on $3 million in venture capital.

Denver-based MassRoots, a marijuana-themed social media website, is $320,000 into its sixth capital raise since 2013, according to SEC documents. It’s raised a combined $5 million-plus in those raises. It filed the most recent raise Wednesday.

Founded in 2013, MassRoots made national headlines in 2014 when Apple removed its app from the Apple Store on the same day Oregon, Alaska and Washington, D.C., voted to legalize recreational cannabis. MassRoots appealed Apple’s decision and returned to the online app marketplace last February.

MassRoots is a social media site that enables users to share pictures of cannabis, along with information about their pot, such as its strain, where they purchased it and its cost.

SEC documents list MassRoots’ revenue as less than $1 million.

In another press release, the company announced that it applied in August 2015 for inclusion in the Nasdaq Capital Markets exchange.

MassRoots did not return a request for comment by press time.

massroots

A social media website hailing itself as the “Instagram of indica” is setting its sights on $3 million in venture capital.

Denver-based MassRoots, a marijuana-themed social media website, is $320,000 into its sixth capital raise since 2013, according to SEC documents. It’s raised a combined $5 million-plus in those raises. It filed the most recent raise Wednesday.

Founded in 2013, MassRoots made national headlines in 2014 when Apple removed its app from the Apple Store on the same day Oregon, Alaska and Washington, D.C., voted to legalize recreational cannabis. MassRoots appealed Apple’s decision and returned to the online app marketplace last February.

MassRoots is a social media site that enables users to share pictures of cannabis, along with information about their pot, such as its strain, where they purchased it and its cost.

A social media website hailing itself as the “Instagram of indica” is setting its sights on $3 million in venture capital.

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