The company's S-1 lays the groundwork for what is widely expected to be one of the largest initial public offerings of the year, second only to Uber's IPO in May. It's also...Technologyread more
Fraud investigator Harry Markopolos' accusations extended beyond GE's management to actuaries, auditors and analysts who he claims overlooked billions in liabilities.Marketsread more
Trump's tweet comes a day after Apple put out a press release describing the money it spends on U.S.-based suppliers and vendors.Technologyread more
CNBC combed through Wall Street research to see which stocks are still a buy after their earnings reports.Marketsread more
President Donald Trump held a call on Wednesday with the CEOs of three major U.S. banks, according to people with knowledge of the situation.Marketsread more
Despite aggressive strides, Waymo needs one thing before their self-driving cars become a seriously useful transportation system: people. We talked to the ones closest to it.Technologyread more
Scientists say the smoke plumes, filled with megatons of tiny, harmful particles, could travel to other areas of the world and cause serious respiratory problems for people.Weather & Natural Disastersread more
Some Weight Watchers loyalists applaud Kurbo by WW. But nutritionists worry Kurbo promotes an unhealthy relationship with food during an especially impressionable time.Health and Scienceread more
Benefits from what President Trump called "the biggest reform of all time" to the tax code have dwindled to a faint breeze just 20 months after its enactment, writes John...Politicsread more
Epstein, 66, was found in his cell in Manhattan federal lockup Saturday morning and transferred to a nearby hospital, where he was subsequently pronounced dead.Politicsread more
Air travelers faced delays at U.S. airports on Friday afternoon after a computer issue snarled processing of international arrivals.Airlinesread more
Each week on CNBC's "Elevator Pitch" series, an entrepreneur gets an opportunity to blind pitch his or her company to a secret investor. The investor doesn't know anything about the business being pitched, so it's the entrepreneur's one shot to sell it.
One entrepreneur is lighting up the social networking space by combining tech with a love for cannabis.
Mass Roots is a fast-growing social network for marijuana consumers.
"People use our app to find smoking buddies, share their cannabis experiences and stay connected with local dispensaries," co-founder Isaac Dietrich told CNBC.
Dietrich was given 30 seconds to blind pitch his company to "Shark Tank's" millionaire investor Kevin O'Leary. After hearing the pitch, "Mr. Wonderful" voiced concern that there are only a handful of states where the business concept is even applicable.
Mass Roots is only available in states with legalized marijuana use, but Dietrich remained confident in the company's market potential, explaining that there are 23 states where marijuana use is legal for at least prescribed medicinal use, and it's a growing industry.
According to Ibis World Reports, medical and recreational marijuana is a $1.9 billion industry, and revenues are expected to grow over 30 percent in the next five years.
More importantly, O'Learly asked, "How do you make money?"
Mass Roots generates revenue by charging dispensaries a monthly recurring fee for listing its products, services, and connecting the dispensary with the app's 375,000 cannabis consumers, Dietrich said.
"Right now we're just doing advertising because that's what's easiest by law," he said.
Dietrich added, "since launching MassRoots for Business in March 2015, over 500 cannabis-related businesses have joined, including 46 percent of the dispensaries in Colorado. Based on our current projections, we expect to be generating $1 million per month in revenue by the end of 2016."
O'Leary had a variety of other concerns including "the profits you make in states that are legal, you can't even put it in a bank yet."
According to Dietrich, Mass Roots doesn't face any significant competition from other social networks for cannabis. In the coming weeks, the company plans to expand to facilitate distribution transactions through a partnership with seed-to-sale system Flowhub. The integration will give MassRoots' users access to live pricing, inventory and an order-ahead system.
Read MoreVirtual assistants for hire
Since its official launch in July 2013, the Denver-based company has raised $2.4 million in funding. In April, Mass Roots became one of the first cannabis-related companies to go public, trading under the ticker symbol MSRT.
O'Leary agreed that the company has great potential, but he can't get involved "until it's a federal mandate that doesn't put me at any risk in any state."
Disclosure: CNBC owns the exclusive off-network cable rights to "Shark Tank."