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Feb. 5, 2015
SEC softens stance on marijuana stock
Irvine-based Terra Tech Corp. became the first company squarely in the business of growing marijuana to publicly register to trade shares last week. But it happened without the SEC having to affirmatively make a decision to approve it.
Daily Journal Staff Writer
The U.S. Securities and Exchange Commission issued an investor alert less than a year ago warning of the risks of criminal prosecution for cannabis businesses. But last week, in an apparent shift by the agency, Irvine-based Terra Tech Corp. became the first company with plans to grow and sell medical marijuana to publicly register its stock with the regulator.
But it happened without the SEC having...
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