MJ Social Network MassRoots in Default on Loans

MassRoots, the popular social network for cannabis enthusiasts, has missed payments to some of its creditors and is considered in default, a notable turn of events for the once high-flying Denver company.

MassRoots disclosed in a Sept. 21 Securities and Exchange Commission filing that it didn’t make $966,000 in required payments to creditors who bought six-month convertible secured promissory notes from the company in March, according to BusinessDen.com.

The disclosure flies in the face of the company’s recent history. Less than six…