“MassRoots, a social networking platform for cannabis users, said Tuesday that Nasdaq has rejected its request to trade shares on the exchange. The Denver-based startup had hoped to become the first cannabis company to be listed on Nasdaq. Nasdaq determined that listing the company could have been seen as aiding the distribution of an illegal substance, MassRoots said. Isaac Dietrich, a co-founder of MassRoots, said the decision sets a ‘dangerous precedent’ that will prevent other legal marijuana companies from getting listed on national stock exchanges.”
http://money.cnn.com/2016/05/24/smallbusiness/massroots-nasdaq/
Related posts:
French business leaders lash out at Francois Hollande
Thai airport officials linked to rhino poaching
Duterte tells Philippine soldiers to shoot female rebels in their vaginas
Tether Used to Manipulate Price of Bitcoin During 2017 Peak: New Study
How Fed stimulus earns a profit for Treasury
California's anti-game senator Leland Yee arrested for corruption
India’s poor ‘duped’ into clinical trials for untested drugs
TSA bomb-sniffing dog bites woman at Hartsfield-Jackson
Japan consumer price growth at 32-year high
Police officers fired in inmate beating reinstated by administrative judge
‘We need a final solution,’ British columnist tweets after Manchester bombing
Silk Road Website Manager Green Pleads Guilty to 1 Drug Charge
4,000 silver coins found in Roman treasure trove in Swiss orchard
US aiding Saudi 'war crimes' in Yemen: Congressman
Snowden files reveal NSA plans to distribute malware via app stores