Like it or not, marijuana legalization, whether for medical or recreational purposes, is growing quickly throughout the United States. As of today, 25 states have legalized marijuana for medical use, with four of those states legalizing the plant for recreational consumption.
Terra Tech Corp (OTCMKTS:TRTC) is a company that has quickly diversified itself from a seller of mostly organic and hydroponic food and herb products to a company focused on exploiting the early opportunities that the legalization trend has created.
Terra Tech originally concentrated on the production of hydroponic food, offering consistent, high quality, non-GMO greens and herbs. However, after recognizing the public shift in sentiment toward the medical and recreational use of marijuana, TRTC seized on an opportunity to maximize its ownership in Edible Gardens and to pursue an aggressive plan to grow and distribute marijuana bud and plant-based products.
Yeah, Non-GMO Plants Are Cool, But Won’t Non-GMO Marijuana Be More Profitable?
In 2013, Terra Tech began to shift its focus toward becoming an early participant and potential dominating player in the marijuana market, working to exploit a predicted $8 billion dollar industry by 2018. TRTC is utilizing multiple subsidiaries to offer a full service, high quality, medical grade cannabis product, which they package and deliver to licensed and qualified medical marijuana dispensaries, inclusive of their own Blum subsidiary.
Taking advantage of their hydroponic expertise through its ownership of Edible Gardens, TRTC is one of only a small handful of companies that has secured seed-to-market capability. With Edible Gardens’ infrastructure already in place, TRTC can navigate through each and every aspect of the production and distribution chain, representing a significant advantage over emerging competitors who will rely on potentially inconsistent wholesale purchases from third parties. By actually growing and distributing their own cannabis, TRTC has become a fully integrated company, with the ability to efficiently control its entire sales cycle, from seed to consumer.
I Thought Pot Was Only Legal In Colorado, Is TRTC Actually Selling Marijuana Elsewhere?
Yes, Terra Tech Corp (OTCMKTS:TRTC) is actively selling medical grade marijuana through its subsidiary, Blum, a company that TRTC purchased in 2015. Since the acquisition, TRTC has opened three marijuana dispensaries and is in the final stages to launch an additional two locations in the Oakland and Las Vegas markets prior to year end.
The Blum outlets offer a variety of products that range in both quality and form. They offer products for customers to smoke, products to eat, and topical creams and oils, with customers having the ability to choose from an assortment of top shelf or budget friendly options.
On the smoke side, the company has high-grade products and markets them similar to fine wine. For instance, TRTC lists one of its products, Cadillac Purple, as a “chrome-plated indica classic. Large, frosty nugs and a deep purple effect.”