Earlier today, Terra Tech Corp. (OTC:TRTC) announced that its Dual Use Marijuana business licenses have been approved by the State of Nevada Department of Taxation. This approval allows all four of its Blüm Nevada dispensary locations to sell adult-use cannabis starting July 1st.
Nevada's adult-use marijuana sales start at midnight, July 1st. In May, the state's Tax commission approved an "early start" program, allowing sales to begin six months early. After a small hiccup a few weeks ago relating to the privileged role liquor distributors are given under the law, the early start program is progressing as planned.
Management Commentary
Terra Tech Corp.'s, Chief Executive Officer, Derek Peterson
"Today, Terra Tech's cannabis operations have expanded from being purely focused on serving the needs of patients to encompassing the adult-use cannabis market in Nevada. Receiving our Dual Use Marijuana business licenses is a major milestone for the Company and we are proud that all four of our medical dispensaries were granted approval to enter the adult-use market. Our dispensaries will offer our proprietary IVXX brand of premium cannabis, flowers, shatters, waxes and oils, among other high-quality cannabis products from a range of reputable providers of superior grade medical and adult-use cannabis. As we roll out these products to the adult-use market we are committed to ensuring that medical cannabis patients will continue to receive superior service at our dispensaries."
Conclusion
Stay tuned for more coverage on the launch of recreational cannabis sales in Nevada! Learn more about Terra Tech Corp. by checking out the company's marijuana stock profile linked above.
Other publicly traded companies with operations in Nevada include recently listed Friday Night Inc. (CSE:TGIF), Marapharm Ventures Inc. (CSE:MDM)(OTC:MRPHF), Player's Network, Inc. (OTC:PNTV), and Nutritional High International Inc. (CSE:EAT)(OTC:SPLIF).
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