Marijuana social media firm MassRoots introduced Wednesday that it’ll supply a revamped dispensary enterprise portal for a subscription charge, with the hope the transfer will generate extra income and progress for the struggling agency.
In a information launch, Denver-based MassRoots stated the subscriptions – which begin at $420 a month per outlet with a 12-month minimal contract – will present promoting listings on the location’s dispensary finder, replace retail info in actual time and acquire knowledge analytics on native markets.
The portal known as MassRoots for Business.
“We believe that if MassRoots is able to engage several hundred (retailers) in listing contracts, it could be a significant source of revenue and growth for the company,” the corporate stated within the launch.
In 2017 alone, MassRoots misplaced $44 million, and it misplaced $18 million the earlier yr that. Revenues, nevertheless, have been simply $319,000 in 2017 and $701,000 in 2016, indicating the corporate has lengthy been struggling to grow to be viable.
One business analyst even dubbed the corporate a dumpster hearth.” But MassRoots continues to be alive and kicking.
“We expect that subscriptions to MassRoots for Business will be our primary source of revenue this year,” MassRoots CEO Isaac Dietrich stated within the launch.
In December, the corporate introduced one other new endeavor – MassRoots Blockchain Technologies, a new division targeted on digital ledgers.
MassRoots is a public firm trades on over-the-counter markets underneath the ticker image MSRT.