Cannabis Social Network Clears First Hurdle to Nasdaq Listing

By Omar Sacirbey

A fast-growing social network for marijuana users is entering a key phase in its quest to get listed on the Nasdaq, which would mark a groundbreaking development for the cannabis industry and MJ stocks at large.

Denver-based MassRoots – which applied for a Nasdaq listing in August – passed its first major test Wednesday when its S-1 filing with the Securities and Exchange Commission became effective.

The company can now move forward with trying to hit nine benchmarks…