This week, MassRoots Inc. (MSRT), one of the biggest and fastest expanding technology platforms for the marijuana industry, received notification that NASDAQ had denied the Company’s application for listing. MassRoots, which launched in 2013, models itself as a Facebook for cannabis users. It also allows weed in its workplace.

The Company filed for an up listing from the Over-the-Counter Bulletin Board to NASDAQ in August 2015 — the NASDAQ approval process usually takes just 4-6 weeks. The Company was hoping to be the first cannabis company to list on NASDAQ.

Isaac Dietrich, co-founder of MassRoots, said, “With this decision, we believe that the NASDAQ has set a dangerous precedent that will prevent other legal marijuana companies from getting listed on national stock exchanges…This [will make] it more difficult for cannabis entrepreneurs to raise capital and slow the progression of cannabis legalization in the United States.” Its more and more how the Marijuana Business is becoming mainstream in the USA.