Our Business Model
MassRoots’ revenue is primarily derived from dispensary subscription fees, including for the Company’s recently launched rewards program, WeedPass™. Over the coming weeks, we expect to expand MassRoots’ business portal to give dispensaries better insights into their customers and manage their WeedPass Rewards Programs directly through the portal. Since launching in beta in August 2018, more than 100 regulated dispensaries have participated in the WeedPass Rewards Program.
MassRoots’ business model is positioned to capitalize from the trend of states creating and expanding regulated cannabis markets. When a state passes a medical or recreational cannabis law, MassRoots can register users and businesses in that state with minimal marginal cost. Because the Company is not involved in the production or sale of cannabis, it does not have to build grow operations, open retail stores, or have a physical presence in the state to generate revenue. As the MassRoots financial model is not tied to the success of a particular location or brand, the Company believes it can have a significant percentage of all dispensaries and brands on its platform, making it a play on the entire cannabis industry.
MassRoots’ Corporate Timeline
Expanding Marijuana Markets
We believe we have one of the best models to profit off of the growing trend of cannabis regulation. Because we are not involved in the production or sale of cannabis, we do not have to build grow facilities, open retail stores, or have a physical presence in the state in order to generate revenue. At the same time, our revenue model is not tied to the success of a particular location, brand or ballot initiative — we believe we will have a significant percentage of all dispensaries and brands on our application, making MassRoots a technology platform for the entire cannabis industry.
Disclaimer This information does not constitute an offer to sell or a solicitation of an offer to buy securities or assets of MassRoots. All information presented herein with respect to the existing business and the historical operating results of MassRoots and estimates and projections as to future operations are based on materials prepared by the management of MassRoots and involve significant elements of subjective judgment and analysis which may or may not be correct. While the information provided herein is believed to be accurate and reliable, MassRoots makes no representations or warranties, expressed or implied, as to the accuracy or completeness of such information. In furnishing this information, MassRoots reserves the right to amend or replace some or all of the information herein at any time and undertakes no obligation to provide the recipient with access to any additional information. Nothing contained herein is or should be relied upon as a promise or representation as to the future. This information includes certain statements, estimates and projections provided by MassRoots with respect to its anticipated future performance. Such statements, estimates and projections constitute forward-looking statements within the meaning of the federal securities laws. These forward-looking statements are subject to known and unknown risks, uncertainties and other factors, which may cause actual results to be materially different from those contemplated by the forward-looking statements. MassRoots undertakes no obligation to publicly update or revise any forward-looking statements, whether as a result of new information, future events or otherwise. The recipient of this information is cautioned not to place undue reliance on forward-looking statements. No representations or warranties are made as to the accuracy of such forward-looking statements or whether any of the projections included herein will be realized.