MassRoots, Inc. ("MassRoots" or the "Company") (OTC Pink:MSRT), a technology platform for the regulated cannabis industry, released the following statement in regards to the Executive Order issued on May 28, 2020 pertaining to Section 230 of the Communications Decency Act.
“Like many media executives, I’ve had the privilege of meeting Mr. Trump. His administration has redefined how government communicates with the people it serves and naturally, press organizations and social media companies have grappled with how to react and cover this paradigm shift,” stated MassRoots Chief Executive Officer Isaac Dietrich.
“As is the case in nearly every other sector, we believe more government regulations and enforcement are not the answer to this problem. While some press organizations have covered the Trump Administration inaccurately, we believe that natural market forces are in the process of restoring balance – and if traditional media companies are unable to adapt and present the news accurately, they will be replaced by organizations that better serve their audiences.”
Since the widespread adoption of the internet in the late 1990s, U.S.-based technology companies created trillions of dollars in wealth, predominately for American citizens. Fundamentally, technology companies enable people to do more with less – and the efficiencies created by the internet have lifted the quality of life for nearly every person in the world. We believe this would not have been possible if the internet was regulated in a manner the Trump Administration has proposed.
At MassRoots, we believe our technology can help people find the highest quality cannabis products at the most attractive prices in regulated markets – and, in the process, help move the legalization movement forward.
MassRoots, Inc. is a leading technology platform for the regulated cannabis industry. Powered by more than one million registered users, the Company's mobile apps empower consumers to make educated cannabis purchasing decisions through community-driven reviews. MassRoots has been covered by the Associated Press, Reuters, CNN, CNBC, Fox Business, Fortune, Forbes, and the BBC. For more information, please visit IR.MassRoots.com and review MassRoots' filings with the U.S. Securities and Exchange Commission.
This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words "could," "believe," "anticipate," "intend," "estimate," "expect," "may," "continue," "predict," "potential," "project" and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company's filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.