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MassRoots is one of the largest technology platforms for the cannabis industry with over 900,000 users.
We believe that if California voters pass Proposition 64 and Florida voters ratify Amendment 2, it will have significant implications for MassRoots' revenue and user growth. If any combination of Arizona, Nevada, Massachusetts, Maine, North Dakota, or Arkansas also pass cannabis initiatives, it will cause the growth rate to accelerate even faster.
When a state passes a medical or recreational cannabis law, MassRoots is able to start registering users and businesses in that state with minimal marginal cost. 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, MassRoots' financial 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 platform, making MassRoots a play on the industry as a whole.
Sitting at the intersection of healthcare on the medicinal side and a vice industry on the recreational side, the cannabis industry can continue to grow in any economic climate. According to ArcView Market Research and New Frontier Financial, the regulated industry is expected to grow from $5.7 billion in 2015 to $23.1 billion in 2020, an annual compound growth rate of 35%.
We believe that if California voters pass Proposition 64 and Florida voters ratify Amendment 2, it will have significant implications for MassRoots' revenue and user growth. If any combination of Arizona, Nevada, Massachusetts, Maine, North Dakota, or Arkansas also pass cannabis initiatives, it will cause the growth rate to accelerate even faster.
When a state passes a medical or recreational cannabis law, MassRoots is able to start registering users and businesses in that state with minimal marginal cost. 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, MassRoots' financial 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 platform, making MassRoots a play on the industry as a whole.
Sitting at the intersection of healthcare on the medicinal side and a vice industry on the recreational side, the cannabis industry can continue to grow in any economic climate. According to ArcView Market Research and New Frontier Financial, the regulated industry is expected to grow from $5.7 billion in 2015 to $23.1 billion in 2020, an annual compound growth rate of 35%.
Isaac Dietrich
MassRoots, Inc.,
CEO
Isaac Dietrich is a co-founder and CEO of MassRoots, responsible for executing its strategic business development. Since launching in July 2013, MassRoots has grown into a community of 775,000 users and raised over $6 million in capital. Prior to co-founding MassRoots, Mr. Dietrich was a finalist for Peter Thiel's 20 Under 20 fellowship and was featured in a CNBC documentary on the business leaders of tomorrow. He has served as campaign manager and field director on several high profile campaigns in Virginia, most notably Scott Rigell's election to congress by an 11-point margin.
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