“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/

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