Terra Tech’s SEC Approval Good News for MJ Industry

A recent move by the Securities and Exchange Commission could fuel investor interest in marijuana stocks and encourage dispensaries, cultivation businesses and edibles producers to go public.

The SEC last week granted Terra Tech Corp., which trades on the over-the-counter markets, approval to use the $6.8 million it raised in 2014 to launch dispensaries under its MediFarm subsidiary in California, Nevada and New York.

It offers a glimpse into the SEC’s stance on publicly traded companies that own or operate dispensaries. Scores of public firms focused on the cannabis industry have emerged in recent years, but the majority are ancillary businesses that do not actually make or sell marijuana products.

Dispensaries, cultivation companies and edibles producers have refrained from going public, in large part because they’re unsure how the SEC would react.

The SEC’s move is an encouraging sign that the federal government isn’t trying to prevent investors and companies from entering the medical marijuana trade, and it may increase the amount of investment capital coming into the industry, Terra Tech CEO Derek Peterson said, according to the Orange County Register.

Terra Tech said it plans to raise another $13 million in 2015 to invest in the industry.

The medical marijuana industry scored a major victory earlier this month as lawmakers signed a spending bill with language prohibiting the Drug Enforcement Administration and Department of Justice from interfering with state laws governing legalized medical cannabis.

5 comments on “Terra Tech’s SEC Approval Good News for MJ Industry
  1. LaughinPaulRyan on

    … MARKET CAP WIPEOUT …

    Terra Tech Corp. was riding the MARIJUANA wave last year, but wiped out and BROKE IT’S NECK and now is on LIFE SUPPORT only being kept alive by TOXIC FINANCING according to SEC documents. Tellingly, the IMMINENT licenses that were in the bag unfortunately left Terra Tech Corp. marketeers HOLDING THE BAG with the NOVELTY licenses FOR ENTERTAINMENT PURPOSES ONLY except for the EXTREMELY large cash burden that will likely increase the DEFICIT upwards of $50,000,000 if the 10K is reported by Q1 2015 sadly.

    Reply
  2. CBDTHCHELP on

    ***********ONE Simple Reason*****************
    One very simple reason folks are buying TRTC is due to the fact that Terra Tech Corp., based in Irvine, California, won approval last week from the Securities and Exchange Commission to raise $6.8 million to build and operate medical marijuana operations in Nevada, where the company secured preliminary approvals..” TRTC is the 1st and only publicly traded company to get a business license to sell marijuana! They were awarded 8 provisional licenses from the state of Nevada and now a
    Business License # M62-00013
    1921 Western Avenue Las Vegas
    3,939 SQUARE-FOOT MEDICAL MARIJUANA DISPENSARY

    This is the 1st business license # awarded to any public company.

    TRTC is currently selling high grade THC CBD products from their Oakland laboratory as we speak. IVXX

    Reply
  3. briar on

    Quote by LaughinPaulRyan

    “Folks folks folks….the key to shorting stocks is to know when they are heading down! I do two things…go long on some, and then short their competitors. For example, I am short on TRTC, so I focus the positive energy on Hemp Meds or Vape. Negative energy directed at TRTC will bring my price lower by stoking investor fear…and no offense, but those people on most boards are like sheep…they will follow me no matter what because I so many posts! Anyway, while shorting one, I try to shield my long holds from negativity by trying to direct as many people towards TRTC as possible. As my mentor Klym once said…”Dance for me, Puppets!”

    Reply
  4. Rickylane on

    Good to see some legitimate plays in this industry. Terra Tech is the best MJ play in the industry.

    One company’s CEO…MJNA….Michael Llamas is under a 16 count federal indictment for mortgage fraud. His trial is set for May 2015. People like this really hurt the industry with their criminal past history.

    Reply

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