TRTC News 11/09/2014 02:30:20 $TRTC
Is DP poised to become the face of the MMJ and MJ legalization movements in the US? Will he become the sought out interview in media discussions on the topic? I would not bet against it.
Our CEO is thoughtful, articulate, and well informed. DP could easily become the interview and or discussion panelist of choice for this rapidly growing national news story.
DP Quoted in NBC NEWS Article Saturday!
http://www.nbcnews.com/storyline/legal-pot/po...om-n243861
Pot Legalizations Push U.S. Closer to Weed Business Boom
By Bill Briggs
Voter legalization of recreational marijuana in two more states plus the District of Columbia this week mounts pressure on the federal government to decriminalize cannabis — nudging America closer to a weed business boom, pot advocates and opponents agree.
A federal law banning marijuana sales remains the biggest blockade to the dawn of a national cannabis industry. That law causes many banks to avoid dealing with legal pot retailers, forcing weed entrepreneurs in Colorado and Washington to run cash-only operations — a daily danger, the owners say.
“But the direction voters are moving in is obvious, and with additional states it’s now harder to call Colorado and Washington 'experiments,’” said Derek Peterson, founder and CEO of Terra Tech Corp. The Irvine, California company focuses on local farming and medical cannabis — likely the first publicly traded company, Peterson said, to hold a medical marijuana license.
“These are the same voters who elect our federal lawmakers, which I think is the major reason you’re seeing such a quick and dramatic turnaround on these policies in Congress,” Peterson said.
In July, for example, the U.S. House voted in support of a measure to make it easier for banks to conduct business with legal pot shops and providers of medical marijuana. That bill has not yet cleared the Senate.
Tipping the scale?
At Seattle-based Privateer Holdings — which invests in the cannabis industry to acquire and create mainstream brands, like Leafly.com — Patrick Moen, a former DEA agent now on staff, says he remains cautiously optimistic that a federally reversal is “inevitable” given the latest votes.
"This is just another thumb on the scale with regard to the whole panoply of federal issues here,” said Moen, managing director of compliance at Privateer. “It represents the will of the people. Eventually, the federal government will catch up.”
"“It's right in their backyard. They’ll get to see firsthand, not only is legalization not harmful, but it’s actually beneficial to society."
But one more federal obstacle, Moen said, also must be removed: IRS tax code 280E, which bars companies from deducting expenses if their business dealings consist of “trafficking in controlled substances.” Under federal law, marijuana is a Schedule I drug, classified as such like heroin and ecstasy.
That’s where voter legalization of pot in the District of Columbia will be particularly meaningful to changing minds on Capitol Hill and in the White House, Moen said.
“It's right in their backyard. They’ll get to see firsthand, not only is legalization not harmful, but it’s actually beneficial to society,” Moen said. “And Congress will have the opportunity to potentially veto or override this (federal) legislation. So, we’re going to see, probably in short order, exactly how Congress feels about this.”
Anti-marijuana activist Kevin A. Sabet, president of Smart Approaches to Marijuana (SAM), calls the D.C. approval merely symbolic. In the near term, he expects no change in the federal position on cannabis because neither party seems to have an appetite to address the issue.
Sabet also contends that most Americans don’t favor a commercialized pot industry that “acts like like Big Tobacco or Big PhRMA.”
In fact, a recent Gallup poll showed the majority of Americans supporting legalized marijuana has narrowed to 51 percent from 58 percent last year — and that trend coincided with the first legal recreational marijuana businesses opening their doors.
Is change on the horizon?
Still, Sabet sees the legal pot business eventually going coast-to-coast.
“Indeed, I do envision a national marijuana industry. They already have a lobbying group in D.C., and that is exactly the direction they are heading," he said.
“They are taking their cues from Big Tobacco: Downplay the risks, encourage heavy use, start em' young, and fund your own advocacy. We're seeing history repeat itself before our eyes,” he added. “The question really is: Who will we listen to this time? A national industry, or the scientific warnings of expanded use of a mind-altering substance?”
Some pot supporters see a historic, federal change on pot laws occurring within four to six years.
To be more precise: That shift may come one congressional session after the 2016 election, predicts Tom Angell, chairman of Marijuana Majority, an advocacy group that favors regulating cannabis sales and ending pot arrests.
The politicians, Angell said, simply need to read the polls.
“We can expect to see more members of Congress and even presidential candidates working to court the cannabis constituency,” Angell said. “And I think this is going to happen rather quickly, just as happened with marriage equality.”
First published November 8 2014, 2:19 AM
Hey SJ, where you at in Mich? I am in metro Det. Hey, don't let them get to ya. TERRA IS GONNA MAKE US RICH. Be patient for a little while longer, we are gonna win. GLTU
Attention***** everyone needs to ignore these bashers. Seriously- don't even need to respond to them anymore. I'm guilty of letting them get under my skin too. They are crying for attention , hoping they can get weak hands to sell.
New investors- do some real DD. It's not hard to see an amazing company emerging as leader in this sector with REAL licenses to produce, cultivate and sell medical MJ!!!
False
DropLine- a new basher! Load up people! Their shitting their pants! trtc$$$$$$
Complete waste of time reading your incompetent posts. State law can do what they want and MJ will have a schedule change soon. Too many benefits with medical marijuana. Stop being ignorant.
Low life, sad existence
Already hit the ignore-rat button on that one..
Trying too hard bro. Calm down. People who tell the truth don't need to talk so much.
Long term GOLD
Yep. We have been working on that , it's a great thing
not an easy task these days. GMO free and now certified organic !
And I noticed this little blurb from the EG Facebook page
"Our research and development team is currently working on trials to make all of our products certified organic!"
They are already Non-GMO..
and this:
37 millions bees found dead in Ontario, Canada after planting large GMO corn field treated with neonicotinoid class of pesticides (GMOs are indirectly causing the colony collapse, since 94% of GMO corn are treated with neonicotinoids)
http://seattleorganicrestaurants.com/vegan-wh...system.php
$TRTC is DANGEROUS !
so DANGERus PLEASE
.83
THE SKY HAS "YET TO FALL" BUT CHICKEN SHORT YES IT WILL !
I love chicken little
OMG! REAL WEBSITE? https://www.facebook.com/ediblefarms
The terror! I am so afraid right now
Who knows WHAT could happen in the future! I used to be able to read the future but now I am so AFRAID OF THE FUTURE!
Terra Tech Corp (TRTC) is yet another marijuana company on the Pump and Dump circuit. It isn't one that's made a recent switch from, say, gold mining to pot; from its inception in early 2012, CEO Derek Peterson's plan was to begin by selling equipment for hydroponic growing of weed and--if one must--vegetables, and move into cultivation and production of marijuana products when legal issues were clearer.
TRTC chart, 24 December 2013 to 24 June 2014
Evidently Peterson feels that time has come. TRTC recently announced that it acquired cultivation and production permits from Clark County, Nevada, though it missed out on a coveted dispensary license. It intends to obtain more licenses in other parts of the state. Though shareholders welcomed that news, it hasn't done much to bolster stock price. Like most penny pot stocks, Terra Tech has been in a downtrend since the giddy days of early March, when it briefly hit a high of $1.40. As price and volume declined through April, May, and early June, and SEC suspensions of other marijuana contenders continued unabated, loyalists assured each other that TRTC would have its day. That day has yet to come.
Fundamental questions about the company, its management, and its prospects have been present from the start, and they remain. Though it has revenues, its losses are significant, and its ambitious plans to enter the new Nevada marijuana market will be expensive to realize, and will not provide an immediate influx of cash.
Terra Tech
What is now the publicly traded TRTC began as a private company called GrowOp Technology. It was founded by Derek Peterson in California in 2010.
GrowOp California incorporation
At the same time, Peterson and his wife Amy Almsteier ran a store called WeGrow in Oakland; it sold equipment and supplies for growing marijuana. WeGrow was originally a partnership; Peterson had started it with Dharminder Mann in 2009. The two had a falling out, and are currently involved in litigation. In two articles written about the store in 2010, Peterson was referred to as Derek Oppedisano, which, as he explained recently, is his father's original surname. WeGrow does not seem to have been particularly successful, as equipment for hydroponic growing can be purchased many places, but the Petersons--or Oppedisanos--did learn some tricks and tips for growing pot successfully, as Amy's video on the subject suggests. Peterson evidently found the experience useful, and must have been thinking ahead when he told a reporter that within a year, the pot business would be "as ruthless as Wall Street."
Amy Almsteier
GrowOp Technology was incorporated in Nevada in early 2010. In January 2012, apparently by arrangement with Peterson, a public shell called Private Secretary, also incorporated in Nevada, changed its name to Terra Tech Corp. On 9 February, Terra Tech effected a reverse triangular merger, and as a result GrowOp became Terra Tech's wholly-owned subsidiary. Peterson's wife Amy became the company's largest beneficial owner, and remains so today, with 37.7 percent of the company.
In its first year as a public company, TRTC did not thrive. Sales of its hydroponic equipment and supplies flagged, as the company's financials show. Peterson decided that in order to realize his ambitions, which reached beyond selling tanks to growers of produce and, of course, marijuana, he needed to prepare for the day when cultivation of weed would be legal in many states, not just California. To that end, in April 2013, he executed a Share Exchange Agreement with the five shareholders of a private company called Edible Garden, all of them siblings.
$TRTC OLD NEWS and FEAR
"Allegedly" LOL
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Inergetics Discovers Unique Combination of Cannabinoids for New Product Line as it Exits Phase II of R&D and Prepares for Fin... "PR Newswire (US)" - 9/24/2014 10:00:00 AM
Why Vaporin, Inc Should be Trading at $15 "InvestorsHub NewsWire" - 9/22/2014 9:55:31 AM
Securities Registration Statement (s-1/a) "Edgar (US Regulatory)" - 9/12/2014 4:55:21 PM
Amended Annual Report (10-k/a) "Edgar (US Regulatory)" - 9/9/2014 4:21:59 PM
As E-Cigs Begin to Take a Back Seat to Vaporizers, the Market looks for a Leader to Emerge "InvestorsHub NewsWire" - 8/25/2014 8:38:03 AM
VAPO Analyst Report; Good Old Common Sense Business Strategy Seems to be Working in This New Electronic Cigarette Industry "InvestorsHub NewsWire" - 8/15/2014 11:41:15 AM
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Amended Quarterly Report (10-q/a) "Edgar (US Regulatory)" - 8/13/2014 4:07:08 PM
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Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/6/2014 4:13:08 PM
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Edible Garden(tm) Now Available at A&P Throughout the Northeast "GlobeNewswire Inc." - 7/31/2014 10:56:27 AM
Edible Garden(tm) Now Available at Kroger "GlobeNewswire Inc." - 7/30/2014 7:45:00 AM
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Terra Tech Corp Subsidiary, MediFarm, Submits Application for Medical Marijuana Dispensary in Las Vegas "GlobeNewswire Inc." - 7/24/2014 9:05:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/14/2014 2:30:43 PM
Is DP poised to become the face of the MMJ and MJ legalization movements in the US? Will he become the sought out interview in media discussions on the topic? I would not bet against it.
Our CEO is thoughtful, articulate, and well informed. DP could easily become the interview and or discussion panelist of choice for this rapidly growing national news story.
DP Quoted in NBC NEWS Article Saturday!
http://www.nbcnews.com/storyline/legal-pot/po...om-n243861
Pot Legalizations Push U.S. Closer to Weed Business Boom
By Bill Briggs
Voter legalization of recreational marijuana in two more states plus the District of Columbia this week mounts pressure on the federal government to decriminalize cannabis — nudging America closer to a weed business boom, pot advocates and opponents agree.
A federal law banning marijuana sales remains the biggest blockade to the dawn of a national cannabis industry. That law causes many banks to avoid dealing with legal pot retailers, forcing weed entrepreneurs in Colorado and Washington to run cash-only operations — a daily danger, the owners say.
“But the direction voters are moving in is obvious, and with additional states it’s now harder to call Colorado and Washington 'experiments,’” said Derek Peterson, founder and CEO of Terra Tech Corp. The Irvine, California company focuses on local farming and medical cannabis — likely the first publicly traded company, Peterson said, to hold a medical marijuana license.
“These are the same voters who elect our federal lawmakers, which I think is the major reason you’re seeing such a quick and dramatic turnaround on these policies in Congress,” Peterson said.
In July, for example, the U.S. House voted in support of a measure to make it easier for banks to conduct business with legal pot shops and providers of medical marijuana. That bill has not yet cleared the Senate.
Tipping the scale?
At Seattle-based Privateer Holdings — which invests in the cannabis industry to acquire and create mainstream brands, like Leafly.com — Patrick Moen, a former DEA agent now on staff, says he remains cautiously optimistic that a federally reversal is “inevitable” given the latest votes.
"This is just another thumb on the scale with regard to the whole panoply of federal issues here,” said Moen, managing director of compliance at Privateer. “It represents the will of the people. Eventually, the federal government will catch up.”
"“It's right in their backyard. They’ll get to see firsthand, not only is legalization not harmful, but it’s actually beneficial to society."
But one more federal obstacle, Moen said, also must be removed: IRS tax code 280E, which bars companies from deducting expenses if their business dealings consist of “trafficking in controlled substances.” Under federal law, marijuana is a Schedule I drug, classified as such like heroin and ecstasy.
That’s where voter legalization of pot in the District of Columbia will be particularly meaningful to changing minds on Capitol Hill and in the White House, Moen said.
“It's right in their backyard. They’ll get to see firsthand, not only is legalization not harmful, but it’s actually beneficial to society,” Moen said. “And Congress will have the opportunity to potentially veto or override this (federal) legislation. So, we’re going to see, probably in short order, exactly how Congress feels about this.”
Anti-marijuana activist Kevin A. Sabet, president of Smart Approaches to Marijuana (SAM), calls the D.C. approval merely symbolic. In the near term, he expects no change in the federal position on cannabis because neither party seems to have an appetite to address the issue.
Sabet also contends that most Americans don’t favor a commercialized pot industry that “acts like like Big Tobacco or Big PhRMA.”
In fact, a recent Gallup poll showed the majority of Americans supporting legalized marijuana has narrowed to 51 percent from 58 percent last year — and that trend coincided with the first legal recreational marijuana businesses opening their doors.
Is change on the horizon?
Still, Sabet sees the legal pot business eventually going coast-to-coast.
“Indeed, I do envision a national marijuana industry. They already have a lobbying group in D.C., and that is exactly the direction they are heading," he said.
“They are taking their cues from Big Tobacco: Downplay the risks, encourage heavy use, start em' young, and fund your own advocacy. We're seeing history repeat itself before our eyes,” he added. “The question really is: Who will we listen to this time? A national industry, or the scientific warnings of expanded use of a mind-altering substance?”
Some pot supporters see a historic, federal change on pot laws occurring within four to six years.
To be more precise: That shift may come one congressional session after the 2016 election, predicts Tom Angell, chairman of Marijuana Majority, an advocacy group that favors regulating cannabis sales and ending pot arrests.
The politicians, Angell said, simply need to read the polls.
“We can expect to see more members of Congress and even presidential candidates working to court the cannabis constituency,” Angell said. “And I think this is going to happen rather quickly, just as happened with marriage equality.”
First published November 8 2014, 2:19 AM
Hey SJ, where you at in Mich? I am in metro Det. Hey, don't let them get to ya. TERRA IS GONNA MAKE US RICH. Be patient for a little while longer, we are gonna win. GLTU
Attention***** everyone needs to ignore these bashers. Seriously- don't even need to respond to them anymore. I'm guilty of letting them get under my skin too. They are crying for attention , hoping they can get weak hands to sell.
New investors- do some real DD. It's not hard to see an amazing company emerging as leader in this sector with REAL licenses to produce, cultivate and sell medical MJ!!!
False
DropLine- a new basher! Load up people! Their shitting their pants! trtc$$$$$$
Complete waste of time reading your incompetent posts. State law can do what they want and MJ will have a schedule change soon. Too many benefits with medical marijuana. Stop being ignorant.
Low life, sad existence
Already hit the ignore-rat button on that one..
Trying too hard bro. Calm down. People who tell the truth don't need to talk so much.
Long term GOLD
Yep. We have been working on that , it's a great thing
not an easy task these days. GMO free and now certified organic ! And I noticed this little blurb from the EG Facebook page
"Our research and development team is currently working on trials to make all of our products certified organic!"
They are already Non-GMO..
and this:
37 millions bees found dead in Ontario, Canada after planting large GMO corn field treated with neonicotinoid class of pesticides (GMOs are indirectly causing the colony collapse, since 94% of GMO corn are treated with neonicotinoids)
http://seattleorganicrestaurants.com/vegan-wh...system.php
$TRTC is DANGEROUS !
so DANGERus PLEASE
.83
THE SKY HAS "YET TO FALL" BUT CHICKEN SHORT YES IT WILL !
I love chicken little
OMG! REAL WEBSITE? https://www.facebook.com/ediblefarms
The terror! I am so afraid right now
Who knows WHAT could happen in the future! I used to be able to read the future but now I am so AFRAID OF THE FUTURE!
Terra Tech Corp (TRTC) is yet another marijuana company on the Pump and Dump circuit. It isn't one that's made a recent switch from, say, gold mining to pot; from its inception in early 2012, CEO Derek Peterson's plan was to begin by selling equipment for hydroponic growing of weed and--if one must--vegetables, and move into cultivation and production of marijuana products when legal issues were clearer.
TRTC chart, 24 December 2013 to 24 June 2014
Evidently Peterson feels that time has come. TRTC recently announced that it acquired cultivation and production permits from Clark County, Nevada, though it missed out on a coveted dispensary license. It intends to obtain more licenses in other parts of the state. Though shareholders welcomed that news, it hasn't done much to bolster stock price. Like most penny pot stocks, Terra Tech has been in a downtrend since the giddy days of early March, when it briefly hit a high of $1.40. As price and volume declined through April, May, and early June, and SEC suspensions of other marijuana contenders continued unabated, loyalists assured each other that TRTC would have its day. That day has yet to come.
Fundamental questions about the company, its management, and its prospects have been present from the start, and they remain. Though it has revenues, its losses are significant, and its ambitious plans to enter the new Nevada marijuana market will be expensive to realize, and will not provide an immediate influx of cash.
Terra Tech
What is now the publicly traded TRTC began as a private company called GrowOp Technology. It was founded by Derek Peterson in California in 2010.
GrowOp California incorporation
At the same time, Peterson and his wife Amy Almsteier ran a store called WeGrow in Oakland; it sold equipment and supplies for growing marijuana. WeGrow was originally a partnership; Peterson had started it with Dharminder Mann in 2009. The two had a falling out, and are currently involved in litigation. In two articles written about the store in 2010, Peterson was referred to as Derek Oppedisano, which, as he explained recently, is his father's original surname. WeGrow does not seem to have been particularly successful, as equipment for hydroponic growing can be purchased many places, but the Petersons--or Oppedisanos--did learn some tricks and tips for growing pot successfully, as Amy's video on the subject suggests. Peterson evidently found the experience useful, and must have been thinking ahead when he told a reporter that within a year, the pot business would be "as ruthless as Wall Street."
Amy Almsteier
GrowOp Technology was incorporated in Nevada in early 2010. In January 2012, apparently by arrangement with Peterson, a public shell called Private Secretary, also incorporated in Nevada, changed its name to Terra Tech Corp. On 9 February, Terra Tech effected a reverse triangular merger, and as a result GrowOp became Terra Tech's wholly-owned subsidiary. Peterson's wife Amy became the company's largest beneficial owner, and remains so today, with 37.7 percent of the company.
In its first year as a public company, TRTC did not thrive. Sales of its hydroponic equipment and supplies flagged, as the company's financials show. Peterson decided that in order to realize his ambitions, which reached beyond selling tanks to growers of produce and, of course, marijuana, he needed to prepare for the day when cultivation of weed would be legal in many states, not just California. To that end, in April 2013, he executed a Share Exchange Agreement with the five shareholders of a private company called Edible Garden, all of them siblings.
$TRTC OLD NEWS and FEAR
"Allegedly" LOL
Securities Registration Statement (s-1/a) "Edgar (US Regulatory)" - 10/30/2014 4:50:28 PM
Inergetics' Scientific/Medical Advisory Board to Meet as Company Enters Final Development Phase of New CBD Product Line "PR Newswire (US)" - 10/21/2014 9:00:00 AM
Securities Registration Statement (s-1/a) "Edgar (US Regulatory)" - 10/6/2014 4:07:08 PM
Inergetics Discovers Unique Combination of Cannabinoids for New Product Line as it Exits Phase II of R&D and Prepares for Fin... "PR Newswire (US)" - 9/24/2014 10:00:00 AM
Why Vaporin, Inc Should be Trading at $15 "InvestorsHub NewsWire" - 9/22/2014 9:55:31 AM
Securities Registration Statement (s-1/a) "Edgar (US Regulatory)" - 9/12/2014 4:55:21 PM
Amended Annual Report (10-k/a) "Edgar (US Regulatory)" - 9/9/2014 4:21:59 PM
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Amended Quarterly Report (10-q/a) "Edgar (US Regulatory)" - 8/13/2014 4:07:08 PM
Securities Registration Statement (s-1) "Edgar (US Regulatory)" - 8/8/2014 5:34:25 PM
Current Report Filing (8-k) "Edgar (US Regulatory)" - 8/6/2014 4:13:08 PM
Inergetics Enters Second Phase of a Three Phase Process to Launch its CBD-Based Supplements "PR Newswire (US)" - 8/5/2014 10:00:00 AM
Edible Garden(tm) Now Available at A&P Throughout the Northeast "GlobeNewswire Inc." - 7/31/2014 10:56:27 AM
Edible Garden(tm) Now Available at Kroger "GlobeNewswire Inc." - 7/30/2014 7:45:00 AM
Inergetics Completes Phase I Development of its Therapeutic CBD Line of Products "PR Newswire (US)" - 7/29/2014 10:00:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/25/2014 6:49:27 PM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/25/2014 6:46:52 PM
Small Company Offering and Sale of Securities Without Registration (d) "Edgar (US Regulatory)" - 7/24/2014 4:18:18 PM
Amended Statement of Changes in Beneficial Ownership (4/a) "Edgar (US Regulatory)" - 7/24/2014 4:15:43 PM
Terra Tech Corp Subsidiary, MediFarm, Submits Application for Medical Marijuana Dispensary in Las Vegas "GlobeNewswire Inc." - 7/24/2014 9:05:00 AM
Statement of Changes in Beneficial Ownership (4) "Edgar (US Regulatory)" - 7/14/2014 2:30:43 PM
