The financial and nonfinancial performance of Terra Tech Corp (OTCMKTS:TRTC) has been phenomenal over the last few years. It recently updated all of its shareholders about national initiatives as well as Nevada Medical Cannabis. Most of the efforts that Terra Tech put in the field had resulted in financial rewards.
Insights On The Matter:
Medical marijuana has been a focal point in the entire United States. There are quite a few states, which have legalized it, while others are still trying to change their laws. Various companies in the cannabis industry are also trying to grab licenses to expand their services across the country. In this series, Terra Tech applied for medical marijuana establishment license in the State of Nevada some time back. As per the reports, both MediFarm I, and MediFarm II have been rewarded with the provisional certificates.
In total, these two subsidiaries of Terra Tech have been given four provisional certificates i.e. two production provisional certificates and two cultivation provisional certificates across Southern and Northern Nevada. The MediFarm or Las Vegas Dispensary received a provisional operational certificate from Human Services Division of Public and Behavioral Health and State of Nevada Department of Health on March 11, 2014. In order to execute things a little faster, the MediFarm decided to submit the application of Las Vegas Business License to Las Vegas Department of Planning Business Licensing Division on December 11, 2014.
Even though the final confirmation is pending, but the management is quite optimistic about the approval. The company has performed brilliantly over the past 12 months, and it will continue to do the same in the future as well. Terra Tech Corp (OTCMKTS:TRTC) will look forward to expanding its operations in other parts, once the final confirmation is received in the above-mentioned territories. The cannabis industry is going up consistently; therefore, it expects a positive response from the market.