Blum Holdings Inc (BLMH)

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SEC Gives Green Light for Pot Stock Terra Tech -- Market Talk
2 days 19 hours 39 minutes ago - DJNF

15:46 EST - The SEC is allowing Terra Tech (TRTC), a company whose business model includes cultivating and selling marijuana, to register to sell shares to the public. The approval appears to be the first for this kind of business and could set a precedent for pot dealers to access the equity markets. But the SEC stopped short of allowing the registration to become effective immediately upon approval of the company's disclosure process, although the registration would still become effective in 20 days. TRTC's two previous registrations were approved by the SEC when the company sold plant growing equipment. It has since expanded into pot cultivation and sales, both illegal under federal law. ([e-mail])
(END) Dow Jones Newswires

January 28, 2015 15:46 ET (20:46 GMT)

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