Terra Tech Las Vegas Dispensary Grand Opening Today

Terra Tech Las Vegas Dispensary Grand Opening Today

Terra Tech, one of the nation’s largest, vertically integrated cannabis companies, will bring its talents to the Las Vegas strip this 4/20.

On April 6, Terra Tech announced that the Las Vegas City Council approved the company’s Blum dispensary to open at 1921 Western Avenue. The dispensary now has all necessary permits and will open to both Nevada’s patients and tourists with medical marijuana cards (Nevada has reciprocity) on marijuana’s national holiday on April 20.

Among the offerings at this dispensary, Terra Tech will debut a “brand new line of pre-filled cannabis oil cartridges from their brand IVXXX. This new line of oil cartridges will come in a variety of strains and are made from “local, sustainably grown cannabis” via an innovative CO-2 extraction method. Terra Tech will also offer premier flowers, extracts, and edibles at its Las Vegas location.

The dispensary is located adjacent to the highly populated Las Vegas strip and should gain immediate traction. Terra Tech CEO Derek Peterson envisions a successful ground opening in what may be America’s new cannabis capital, adding that

“We see tremendous opportunity in Nevada’s medical cannabis market and are confident that having a physical presence will enable us to gain market share and position Terra Tech as an industry leader in this emergent market.”

As Las Vegas’s legitimate medical marijuana continues to emerge as a major player in America’s growing industry, Terra Tech appears to be poised to sparkled in the city’s bright lights.

Bernie Canter

SEC Approves $6.8M For Medical Marijuana Operation

SEC Approves $6.8M For Medical Marijuana Operation

Late last week Irvine, California based Terra Tech Corp was given approval from the Securities and Exchange Commission to use $6.8 million it rose earlier this year to build and maintain medical marijuana operations in Nevada. For those not familiar with marijuana stock regulatory environment, this is massive news. After a year where the ‘marijuana index’ shot to the stars before eventually falling back to grace, and big name companies ticker being halted, the SEC is not a big fan of the marijuana sector.

terra-tech-logo

Terra Tech has been publicly traded since 2012 and operates in multiple states. CEO, Derek Peterson said the company “plans to raise another $13 million in 2015.” Most of the money will be dedicated to growing and selling medicinal marijuana under it’s MediFarm brand in California, New York, and Nevada. While no licenses have been given out in New York, Terra Tech was granted provisional licenses to cultivate, dispense, and produce (edibles, concentrates) in Nevada.

“This gives them more faith that no one is going to stop the industry’s growth,” he said. “It means a greater access to capital for companies that are growing in this space. This bodes well for these companies.”

derrick peterson
(TerraTech Corp CEO – Derek Peterson)

Terra Tech has been headquartered in Irvine, CA since 2011, while incorporating in Nevada in 2008. Their other business lines include various hydroponic grow systems, including a grow facility mobilized in a 53-foot semi trailer.

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