Cannabis Law Prof Blog

Editor: Franklin G. Snyder
Texas A&M University
School of Law

Tuesday, January 12, 2016

OTC Company Buys California Dispensary

AMarketWatch:  Marijuana moves from the black market to the stock market:

Terra Tech [ticker TRTC],  a cannabis-focused agriculture company, announced its acquisition of the California-based Blum Oakland dispensary on Tuesday.

The dispensary — which brought in slightly less than $15 million in revenue in 2015 — has about 48,000 registered patients and sees nearly 1,000 patients a day, according to Terra Tech chief executive Derek Peterson. The acquisition of the storefront includes a "seed-to-sale" fully integrated facility where cannabis is cultivated, processed and sold to patients.

Business, Stocks | Permalink


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