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I'm pretty sure that the if you go back even further, the Brontosaurus' indulged also.Notice how you never see pics of any angry plant eating dinosaurs,do ya?There's a lesson there for those with anger management issues.
Maybe he's robbing you,but he's certainly not robbing me.But then again,I didn't overpay for MY shares.He's building a tremendous MJ company in the good ole USA with the money I've given him.I expect he'll make it well worth my while in good time.TRTC LONG and STRONG.
Could this be a hint of Trump setting the stage to legalize the herb?From FOX News and Trump,so take it for what it's worth. Typically vague and open-ended statement.............
Trump says 'I think I know answer' to drug crisis, adds US may not be ready
President Trump raised eyebrows Wednesday evening when he told members of Congress and health care practitioners that "I think I know the answer" to America's opioid crisis.
However, the president added that he was "not sure the country is ready for it yet."
Trump was speaking at an Oval Office ceremony prior to signing legislation aimed at giving Customs and Border Protection agents additional tools to stop the flow of illicit drugs.
"Does anybody know what I mean?" Trump asked the group gathered around his desk. "I think so." He did not elaborate.
Population larger than Canada.Think about that for a moment,then look at the prices of the big Canadian mj stocks.Once the political BS gets straightened out and the laws finally change in the US to make the mj business" normal",what do you think is gonna happen to the mj stocks in the US? They will shoot to the moon in very short time,and TRTC will be leading the way.If folks are flipping for pennies fine,play the game of your choosing.For those of us with a larger vision ,the fuse is lit and burning.Just a matter of time.Even those with anger management issues will eventually get paid,IMO.
So that's why grandma and grandpa weren't at the house over Christmas.I was wondering what happened to them.
Alright then one last thing,I've mentioned previously I don't want or expect to hear anything from Derek or anybody else who owns/operates any mj business.No need to put a target on your business or draw the ire of the elf in DC.Shhhhhhhhhhh.Just quietly sell truckloads of herb.And I'd also prefer to be called "Polar bear" at this point of the winter.ALthough it is supposed to hit 50 on Friday,followed by Saturday hi of 18.Yoyo weather :)
Didn't mean to blow your mind with reason and facts.But TRTC is NOT failing miserably,as you stated.In fact they are growing tremendously and expanding the business and GROWING MARKET SHARE in the largest US markets.That will go a long way towards making them very profitable WHEN THE TIME IS RIGHT AND THE LAWS CHANGE to treat mj businesses just like any other business.In case you haven't looked,most mj stocks have dropped since the AG's statement."CA rec has come and gone"???What the heck does that mean?IT'S JUST BEGUN,applesauce.It was open THREE days and Sessions opened his mouth,creating ripples throughout the industry.Done with this discussion,and I'll get my "schooling" from those who actually know something,thanks.
"he only meant to help the states determine the legal from the illegal and it was not going to affect the legal businesses"-- And we all know that Derek has always been big on doing things right and legal with TRTC/BLUM.Everthing's always been very transparent and by the book with this company.This is just a little speed bump for TRTC.Absolutely no worries as far as I'm concerned.TOO MUCH MONEY IN PLAY for any kind of crackdown of the LEGIT businesses that exist.Now,"black market" or those not 100% compliant with all the rules and regs should be concerned.TRTC shall flourish.
Neutering would be nice.I'll supply the scissors for those shriveled up little acorns.
Just curious there "applejack",is Derek Peterson the attorney general in Washington D.C. who recently threatened the whole mj industry with possible federal intervention and disruption of the legal cannabis market,thus causing the majority of stocks in this sector to lose money? Yeah,I didn't think so.There's uncertainty in the WHOLE sector right now due to the flailings of Jeff Sessions.Read a little,know a little.There is nothing Derek can do right now to move things along.Stay off the radar and keep on selling product in NV and Cali.
I sure hope our elected representatives get their sheet together and get the laws changed pretty damn quick,so that the industry can move forward without the uncertainty that currently hangs over all of our heads.I'm sure that's what currently has all these stocks in the doldrums.The air needs to be cleared after Sessions assinine comments last week.I hope everyone here who favors legalization,or at least making money on mj stocks,signed the petition.Every little bit helps in the fight,it'll take you just a couple of minutes.Here's the link one more time,PLEASE GET INVOLVED,THANK YOU.https://pac.petitions.moveon.org/sign/its-time-to-reverse-decades
I see some(at least one) are looking for some kind of news or a statement from DP.Nah,better to be vewy,vewy quiet right now,like on a wabbit hunt.There is no need to draw any attention whatsoever to your business,not with AG on the prowl.Just go quietly about your business of selling truckloads of mary-wanna and keep stuffing the money under your mattress,Derek.Keep up the good work.Legislation will happen sooner rather than later,at this point.
Well Creepy,congrats on getting discharged.Can you share your theory?I wouldn't be surprised if AG's statement was put out to temper the prices of mj companies stock so that certain folks could get their money properly invested. After the successful California launch and the instantaneous skyrocketing share prices of all the mj companies,I think certain moneyed,gov't type folks were anxious to get into the game.All the US mj stocks took an instant 50% price cut after Sessions' statement,creating nice entry points for new investors.Obviously just my opinion and I swear I am not part of the "deep state"("just a minute Hillary")
Ha that is funny.I had no idea it existed.
Why Sessions Can’t Stop This Marijuana Boom
It’s simply too big.
The U.S. marijuana market is already a $6.5 billion industry. And it’s expected to grow to $50 billion by 2026. That would make it bigger than the American craft beer and chocolate markets combined.
What’s more, 165,000 people already work in the U.S. marijuana industry. And employment will skyrocket as the industry grows.
In fact, New Frontier Data projects the legal marijuana industry will create almost 300,000 jobs by 2020. That’s more than the Bureau of Labor Statistics expects from manufacturing, utilities, and government jobs.
Marijuana sales are also a huge tax revenue generator for states where it’s legal.
Take Colorado. It legalized medicinal marijuana in 2000. It then legalized recreational marijuana in 2014.
In 2016, Colorado did $1.3 billion in marijuana sales. And the state collected $200 million in tax revenues from marijuana sales.
Colorado’s not alone, either. California, Washington, and Oregon all depend on marijuana sales for tax revenue.
• Local politicians aren’t going to let Sessions go after the industry…
Here’s a quote from Illinois State Senator Heather Steans:
Consumers already have easy access to marijuana and rolling back this guidance is short sighted.
Steans also said that cracking down on the industry will push more people to buy marijuana on the black market.
Steans isn’t the only concerned politician fighting back, either.
On Thursday, Colorado Republican Senator Cory Gardner called Sessions’ decision a “complete reversal,” noting that “Sessions told me there would be no plans to reverse the Cole memorandum.”
Garden also said he will put a hold on all Justice Department nominations until Sessions reverses his stance.
In short, Sessions would face immense pressure if he goes after the industry. The backlash would be next to impossible to overcome.
Not only that, the average American favors marijuana legalization. According to a recent Gallup survey, 64% of Americans think cannabis should be totally legal. That’s an all-time high.
• Investors are realizing Sessions will fail, too…
Just look at the U.S. Marijuana Index I mentioned earlier. It’s up 26% today.
Many individual U.S. marijuana stocks are up even more. In fact, Terra Tech and MassRoots are up 30% and 48%, respectively, as we go to press.
Those are monster gains. But you must realize two things…
One, most U.S. marijuana stocks are still well off their all-time highs. They’re a bargain compared to where they were trading before Sessions opened his mouth.
And more importantly, as I’ve shown you over the last few months, the bull market in marijuana stocks is just getting started.
So, consider buying marijuana stocks while there’s still blood in the streets. Just remember to treat marijuana stocks as a speculation.
Don’t bet more money than you can afford to lose. Use stop losses. And take profits when you get them.FULL ARTICLE LINK BELOW
http://www.internationalman.com/articles/why-sessions-cant-stop-this-marijuana-boom
Absolutely agree with you on that.I don't know why some still throw out that argument that their share count is way out of whack.Should be able to be AT LEAST A FEW DOLLARS PER SHARE, before entertaining any r/s talk.
Now that you've got the math straightened out,TRTC @ $5.00 pps would give it a market cap of under 5 billion $, with the current share count.That is less than the current cap figure for Canopy up north.Similar companies IMO.TRTC is positioned to be THE #1 mj SEED TO SALE company in the US.No other publicly traded mj company is in a better position than TRTC,IMO.Now have another cup of coffee and enjoy your day :)
As long as nothing stupid happens from gov't(to which I think it'll all get ironed out)I'd guess the 2018 revs to be DOUBLE that, in the 100 million range at least.I think 2017 is already on pace for 40 mil or more.That's with ZERO California dollars for 2017.Once we get the laws changed in our favor TRTC will skyrocket.Take that to the bank!
You're on the money there Etailer.Fed legalization will really get this party started.IT IS COMING SOON TO A GOVERNMENT NEAR YOU!Canopy closed over $32.00 today.That's insane.GO TRTC!
Holy crap,today I see that Canopy hit $31 briefly today,appx 6 BILLION dollar mkt cap.No reason that TRTC can't start looking at that valuation once the NEW laws get ironed out.I'm well aware TRTC has a lot more shares,but there's no reason TRTC shouldn't be at least 2 - 3 bucks a share or more.The fed law is all that is holding back Terra Tech and the rest.I hope everyone signed the petition to legalize sponsored by Sen. Booker: https://pac.petitions.moveon.org/sign/its-time-to-reverse-decades. People make your voices heard.If YOU do nothing nothing gets done FOR YOU.This is the time to get things done for the good of TRTC as well as the whole industry.The discussion has come to the forefront,get involved.It will take you just a couple of minutes.The future of TRTC depends on us all.
Yes he did.They will now get off there asses and actually pass some legislation to FEDERALLY legalize and stop Dking around with it.Not sure if that was his plan or not,but's that is where it's gonna head now and that is a VERY GOOD THING for TRTC and the rest of the industry.Maybe he's a "very stable genius" as well!?!?
Definitely a nice recovery for the sector as a whole.Politicians are making noise for the good of the industry.We'll be just fine.TRTC ,keep on truckin'.
I agree, as do most in the industry I think,with the strict regulations,quality,etc.Not sure how the "clemency" thing would work.Large scale smugglers,dealers may just sit there,perhaps rightfully so.Small timers absolutely should be free.Also think about all the people through the years who acquired a criminal record for small time possession/consumption charges.How do we begin to wipe those records clean of BS charges? One step at a time,I guess.Legalize first and then start working on past transgressions.There's bound to be a lot of grey areas.
US Gov't declares marijuana to be legal---is what they'll be saying soon.Politicians getting on board for legalization.Do your part to help. Please sign petition sponsored by senator Corey Booker to help make sane policy for legalization of mj ......
https://pac.petitions.moveon.org/sign/its-time-to-reverse-decades
New Pot Policy by Trump Administration Draws Bipartisan Fire
The New York Times
By CARL HULSE
3 hrs ago
WASHINGTON — The Trump administration finally crossed the line for some members of Congress this week, provoking bipartisan umbrage and accompanying pledges to hold top officials accountable.
Many thought the day had been far too long in coming. Few thought the galvanizing issue would be weed.
Both Republicans and Democrats reacted with dismay and howls of betrayal to the decision by Attorney General Jeff Sessions to renew tough federal enforcement of marijuana laws, illustrating the growing power both politically and economically of the emerging industry.
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“I am obligated to the people of Colorado to take all steps necessary to protect the state of Colorado and their rights,” said Senator Cory Gardner of Colorado, a conservative member of the Republican leadership who has rarely broken with the Trump White House.
Mr. Gardner said he had been assured by both President Trump and Mr. Sessions before voting for the attorney general’s confirmation that backtracking on marijuana would not be a focus of the administration. The senator seemed flabbergasted by what amounted to a federal assault on the expanding $1 billion legal pot business approved by voters in Colorado, and he threatened to try to block all Justice Department nominees until Mr. Sessions backed off.
He was not the only unhappy Republican. Senator Lisa Murkowski of Alaska said in a statement that she had repeatedly discouraged Mr. Sessions from taking action on marijuana, a move that she called regrettable and disruptive.
a group of people standing next to a man in a suit and tie: Senator Cory Gardner, Republican of Colorado, condemned the decision by the Trump administration to renew tough federal enforcement of marijuana laws.© Jonathan Ernst/Reuters Senator Cory Gardner, Republican of Colorado, condemned the decision by the Trump administration to renew tough federal enforcement of marijuana laws.
Representative Matt Gaetz of Florida, a leading Trump ally in the House, said the decision would deny relief to suffering cancer patients, including children. He said the move by Mr. Sessions was “heartless and cold, and shows his desire to pursue an antiquated, disproven dogma instead of the will of the American people. He should focus his energies on prosecuting criminals, not patients.”
Representative Nancy Pelosi of California, the Democratic leader whose state began allowing the sale of recreational marijuana this week, also pointed to the strong national sentiment for legalization shown in votes around the country in recent years.
“Attorney General Jeff Sessions’s decision bulldozes over the will of the American people and insults the democratic process under which majorities of voters in California and in states across the nation supported decriminalization at the ballot box,” she said. “Yet again, Republicans expose their utter hypocrisy in paying lip service to states’ rights while trampling over laws they personally dislike.”
She and Senator Patrick J. Leahy, Democrat of Vermont, said they would try to use a pending spending package to prevent Mr. Sessions from following through on the plan to overturn an Obama-era policy that made marijuana prohibition a low priority for law enforcement. Mr. Leahy noted that such a provision had previously passed the Senate Appropriations Committee with support from both parties.
The pushback was not the only bipartisan resistance coming in the middle of the furor surrounding Mr. Trump’s emphatic break with his former chief strategist, Stephen K. Bannon, in the aftermath of his reported comments in a new book about the presidency. An Interior Department plan to open much of the nation’s coastline to new oil exploration also drew strong opposition from some Republicans, including Gov. Rick Scott of Florida, a likely candidate for the Senate this year.
The new marijuana policy and the oil drilling effort could present political peril for Republicans in Colorado and states along both coasts in some of the same locales where resentment to the new tax plan has already surfaced. Politicians in both parties from Florida up the Eastern Seaboard have fought expanded oil exploration for decades, responding to strong public opinion in those states.
Senator Bill Nelson, Democrat of Florida and a longtime opponent of offshore drilling who could be facing off against Mr. Scott in a high-profile Senate contest, immediately jumped on the issue.
“This plan is an assault on Florida’s economy, our national security, the will of the public and the environment,” Mr. Nelson said. “This proposal defies all common sense, and I will do everything I can to defeat it.”
At the White House, the press secretary, Sarah Huckabee Sanders, said the administration did not intend to start a fight with Mr. Scott but would not shy away from one either.
“Just because we may differ on issues from time to time doesn’t mean that we can’t still have an incredibly strong and good relationship,” she said. “We’ll continue those conversations with him and hopefully all come to an agreement.”
As for the president’s evolution on marijuana, Ms. Sanders said Mr. Trump “believes in enforcing federal law. That would be his top priority, and that is regardless of what the topic is.”
When it comes to marijuana, Mr. Gardner, as the chairman of the National Republican Senatorial Committee as well as a senator from Colorado, is well versed in its politics. Like other leading state politicians, he personally opposed the proposal to legalize the substance but now sees his role as sticking up for his state’s law and industry. He will no doubt face criticism if he does not now follow through. He pointedly and repeatedly asked on Thursday what had changed since Mr. Trump said during his campaign that he considered marijuana enforcement a state issue.
“The people of Colorado spoke — they spoke loudly,” Mr. Gardner said on the Senate floor. “And I believe if the same question were asked today, they would have even more support for the decision they made back several years ago. I agree with President Trump, that this decision should be left up to the people of Colorado.”
Mr. Sessions has long considered marijuana dangerous. And he has not been reluctant to break with his Republican colleagues on other issues that had bipartisan backing, notably a criminal justice overhaul. His stiff opposition to that plan helped scuttle it in the Senate in 2016 and dimmed its future when he moved over to the Justice Department.
But the legalization of marijuana has proved to be a job-creating, tourist-attracting, vote-getting success in certain states, with more entertaining the idea. The attorney general and the president may find resistance to their pot policy to be much more potent than they anticipated.
Did you read the article that you posted the link to?It confirms what I said.
TRTC / BLUM dispensaries are open and selling product.Sounds as though you should go check them out and indulge a bit.
Well two out of three ain't bad.I LOVE AMERICA and TRTC.Meanwhile your boy in DC is threatening to destroy the very MJ industry that TRTC is a part of.How can you claim to be a TRTC supporter??
It's only an "illegal drug" cuz some power hungry men decided to call it that,in America (LAND OF THE FREE?)within the last hundred years or so.For THOUSANDS of years people around the world have used cannabis and many other herbs in their daily lives.You think popping pills is a better option?Ridiculous statement.Love how these "conservative""leave us alone to do what we want" types of people like to keep making laws to oppress and imprison others,while they continue to pollute and destroy our lands,water and air.
Sessions statement stirred up some fear in the sector.Couple that with the ability of a lot of investors to cash out with 100% gains on a lot of mj stocks and that is why the sector took a dive.The BIG PICTURE is that legalization is a REALITY and it's not going away.Too much money being made by states,too many jobs being created,and we finally have enough political backing as well as public sentiment to keep this happening.It's not going away.AG elfboy's statement will prod congress into finally changing the laws to put the uncertainty of legal herb to rest.The fed gov't is NOT going to wage war against the states in this matter,that would be a silly ,losing battle.
Want to help save the legal mj industry and TRTC?
Please sign petition sponsored by senator Corey Booker to help make sane policy for legalization of mj
https://pac.petitions.moveon.org/sign/its-time-to-reverse-decades
Pot industry to Sessions: Really? Calm (mostly) prevails after federal storm
By Debbie Cockrell
dcockrell@thenewstribune.com
UPDATED January 04, 2018 05:20 PM
U.S. Attorney General Jeff Sessions’ action to rescind policies that let states’ marijuana industries proceed without federal intervention landed with a thud with the industry in Washington State and elsewhere.
Sessions’ new stance will let federal prosecutors decide how aggressively to enforce federal law prohibiting it, giving added uncertainty to an industry long used to it.
But after a flurry of industry and consumer backlash early on social media, calm settled in as more people learned of the news and considered what, if anything, will happen.
“This industry has been through a thousand challenges, and this isn’t any different from what they’ve powered through in the past,” Chris Walsh, industry analyst and vice president of Marijuana Business Daily news site, told The News Tribune in a phone interview from Denver.
Voters in Washington and Colorado were the first two states to legalize pot for recreational use in 2012.
Since stores opened in July 2014, Washington has seen more than $3 billion in sales, with $1.94 billion in retail sales and $715 million in excise tax collected, according to state figures.
While business was brisk at local stores Thursday, there didn’t seem to be a panic-filled run on product.
“It’s just a normal busy Thursday,” responded a worker who answered the phone at Tacoma’s World of Weed.
“I don’t think the average person thinks they have to stockpile,” said Walsh, noting he had not heard of any frenzied shopping in Denver, either.
“It would be different if (Sessions) said, ‘We are going to encourage or prevent legalization,’ or ‘There will be significant consequences,’ ” Walsh said. “This just basically rolls back the clock before memos were issued.”
Cy Scott, co-founder of the cannabis website Leafly, was not surprised by the early morning news.
“Sessions has been very critical of cannabis during his time in office,” said Scott, who now leads Headset, a Seattle-based cannabis sales analytics company.
“We are confident that in the end the matter will be left to the states. ... With such a large percentage of states on board, it will be very difficult for Sessions to accomplish his goal of rolling back the progress the industry has made over the last few years.”
Session’s action is “truly disappointing, and it ignores the facts of the vibrant healthy legal cannabis industry,” Andy Brassington, CFO of Seattle’s Evergreen Herbal, one of the largest processors in the state and whose products can be found in Tacoma shops, told The News Tribune.
“The action also flies in the face of what the American public wants when now more than 60 percent have access to legal product in this country.”
Others considered the immediate Wall Street shock vs. long-term effects on the industry’s investors and workplace payrolls, and were leaning toward an upside eventually for the industry.
“There is certainly a large amount of turmoil in the industry today,” said PayScale chief economist Katie Bardaro. “One telling sign is the massive hit stocks related to the marijuana industry took after the news broke.
“For example, Terra Tech (the largest legal marijuana business by market cap) saw their stock price fall by more than 25 percent.”
But she thinks the fallout is short-term.
“My guess,” Bardaro said, “is the industry will be in a bit of a holding pattern until they observe any meaningful change from this news.
“Given the massive revenue opportunity (for the businesses and for taxes), the general public support of the marijuana industry, and the risk-reward mentality of those in this industry already, I think marijuana businesses will hold steady in terms of jobs and wages, but after these next few weeks, we will once again see flourishing job opportunities and wages.”
Some industry experts saw other signs of legal protection and better accountability among businesses.
“This development will undoubtedly have an at least temporary chilling effect, particularly on new investment and banking,” Nathaniel Gurien, CEO of FINCANN, an industry financial firm, wrote as part of a list of early industry responses to Thursday’s news.
“However, it is also likely to drive marijuana-related businesses to higher levels of accountability and compliance, making their businesses less susceptible to targeted enforcement and overall more sustainable in the long run and this would be a positive outcome.”
Read more here: http://www.thenewstribune.com/news/business/article193078859.html#storylink=cpy
Terra Tech Corp (OTCMKTS:TRTC) has been running.
The company has experienced a share price surge like no other in its history this past month with their share price rising from $.20 to highs of up to $.578, a more than 280% share price surge. This was also a jump from their share price during our last review which stood at $.213. They are currently trading at $.283 after Jeff Sessions spooked the market.
The surge has further been driven by the high turnover in the shares traded which hit the roof during the month to close at a near 80 million shares, the highest since inception.
The above price action can be seen below:
TRTC Daily Chart
We took time to assess the rationale behind investors giving the high valuation to Terra Tech Corp and name thing kept popping up: California. We, therefore, decided to evaluate the company from the point of view of how much they seek to reap from their stay within this market.
The report gives a brief on the above.
Terra Tech: Background
Terra Tech Corp is a significant player in the marijuana industry.
The company which was founded in 2008 and has its headquarters in Irvine, California has formed and acquired many subsidiaries who have enabled it to grow to the giant it currently is.
Previously, the company was focused on medical marijuana cultivation. However, with the changes in legislation within California, Terra Tech is now adapting and changing their strategy to ensure they serve the much more significant market of recreational cannabis users.
The company currently has over 154 employees and over $372 million in market capitalization.
The California-Driven Highs
On January 1st, 2018, California legalized the use of recreational marijuana within the state. This arose courtesy of a 2016 ballot initiative that saw 57% of people vote for the full legalization of marijuana across the state.
The state has been seen by businesses as a significant market for marijuana. It hosts over 39 million people and receives nearly five times that number of tourists annually. As such, it boasts a $2.5 trillion wealth base making it the world’s sixth largest economy.
With such pleasant demographics and wealth statistics, registered cannabis companies (which according to the state are currently about 400) are fighting to ensure they have established themselves within this space.
Terra Tech Corp has not been left behind.
On 1st January, Terra Tech announced that they had received a temporary authorization to distribute and retail cannabis from the state of California. They further stated that they expected to obtain approvals to cultivate and manufacture marijuana for California’s adult-use and medical markets.
The company which has already established its networks within the state through their subsidiary, Blum, is working at harnessing the already established name of Blum to grow their distribution network. Blum already has two retail dispensaries in Oakland and Santa Ana, both which previously served the medical cannabis segment of their clients. However, they realized that these would not meet the high demand arising from recreational users. As such, they had been constructing a retail outlet at San Leandro which was to be opened in early 2018.
With this being completed, TRTC decided to boost their production capacity through the expansion of their renown ‘Craft Cultivation’ model.
The model which serves as a ‘yield increasing’ method, one through which the company can ensure that they never fail to supply their buyers with the product they all so demand.
As such, they have hired two craft cultivators based on Honeydew and Salinas. The two are supposed to ramp the production of cannabis. Given that Blum is specialized in premium cannabis, the producers will also have to ensure that the quality of the product is up to par with the market’s expectations. As such, the products will be rigorously tested by TRTC to ensure that they meet every prerequisite set by the company before heading to the shelves.
The legalization has been welcomed by the management of Terra Tech with their CEO, Derek Peterson, assuring customers that they are ready for this new phase. In his speech, he was quoted saying:
“…This adult-use license allows us to significantly expand our potential customer base in California beyond the medical market… Terra Tech is one of only a handful of companies that has been issued this adult-use license in time for the Jan 1st start date. We believe this first mover advantage will enable us to grow our brand and gain traction with new… Over the past several months we have worked diligently to expand both our retail presence and our cultivation facilities to prepare us for this exciting opportunity.”
Source:
Upon this backdrop, the company expects that their standing within the Californian cannabis market will continue to strengthen and that they will continue to derive the benefits from the sale of cannabis to this market.
Furthermore, with the structures already in place, is working at being the one stop shop for recreational cannabis users within California.
Financials
In the third quarter of 2017, 3Q2017, the company made over $10 million in revenues, up from the $7.8 million earned in the previous quarter. The near 30% rise was attributable to the greater marketing of their products, a factor which partly led to a loss position of $3.9 million. This, however, was a decrease from their previous loss of $4.5 million, alluding to the fact that TRTC was managing their costs in a much better manner.
The company expects the current development within California to be a boost to their revenue streams. Therefore, they are working towards being both profitable and cash flow positive shortly.
Conclusion
TRTC is a growing company with a strong market backing them. With their current growth trajectory already being steep, we expect that the development in California will only go to boost their position.
Regarding Mr. Sessions, he has to answer to his boss President Trump, who said that marijuana is a states’ rights issue. Trump also doesn’t want to alienate his base, which is pro-marijuana. With several Senators and Congressman up in arms over Sessions’ change, we expect the political backlash to isolate the Attorney General.
As such, we remain bullish about the stock. Investors should look at the selloff as a buying opportunity.
ByJim BloomPosted on January 5, 2018
IMO, if you were thinking about getting into TRTC,you caught a break with the news from AG Elf.This industry and TRTC are not going away.The bloodletting/profit taking took place yesterday.These current bargain prices won't last long.People got scared and took some big profits accumulated over the past month.I don't feel there's any real concern for the mj industry in the big picture.I think the elf's comments simply push the gov't into a more sensible PERMANENT MJ POLICY that will now happen sooner rather than later.Legalization is here to stay and TRTC shares are on sale today(at least for a couple of hours).I'm deeply invested,but I wish I had cash on hand to buy more.She'll be going back up real soon.
It would make absolutely ZERO sense to spend a bunch of tax dollars to bust businesses that are producing tax dollars and creating jobs,as well as eliminating a large criminal element(black market).Only in this "divide and conquer" political environment, that some Americans have allowed to happen, is this possible.WE THE PEOPLE need to take our country back.This is truly assinine.
I'm a big fan of the SIPP also,but it is off 20% today.Canada rebounded pretty well.Lots of RED throughout for the day,but I think we'll be alright with TRTC and everthing else.Not getting scared out of any of my shares.The nasty Sessions news just gave people a reason to take their profits sooner rather than later after the recent run-up.
This will simply light the fire under the asses of the lawmakers to make the proper changes to the law.I would fully expect this matter to be taken care of pretty quickly now.The feds are not stupid enough to try and squash a multi-billion dollar industry that generates tens of millions of tax revenue.Anyone with half a brain knows they can't be that stupid.Ultimately very good news for TRTC and the rest of the industry.Laws will change and the BS can be put to rest once and for all.This will be the final nail in the anti-rec coffin,RIP.
As some others have stated,Sessions has always said he wants to uphold "the law".He wants mj law to CHANGE,or he wants to enforce the law as it's on the books.I think this is how he makes that law change.I believe we have enough political support in the country now to make the appropriate changes to the law.Politicians will lose their jobs if there is a crackdown.They will not let that happen.Not a fan of Sessions at all,but I know where he's coming from as far as enforcing laws of the land,as he has repeatedly said.Time for politicians to step up and stop the INSANITY of the war on mj.It is now coming to a head,which will be good for us all in the long run-The people of the US as well as the mj industry.
Looks like the wound has been bandaged.Those who have been waiting for an entry point into any of these pot stocks,I'd say now is the time.Profits have been taken,scared selling has happened.Going up is the next direction.My guess is we get back at least half of these losses by days end.If you bought in the forty's,great time to avg. down a bit if you've got the powder.IMO
How dare you diss on Granny.Don't let JedClampitt hear ya talk like that,there'll be a world of hootin and hollerin at your door :)