The first publicly traded marijuana dispensary stock is TerraTech as it acquires Blum Oakland, a California dispensary.
Investors can now buy shares in the first publicly traded marijuana dispensary that handles the product from cultivation to storefront. TerraTech, an agriculture company with a focus on cannabis has acquired Black Oak Gallery, known as Blüm Oakland, a retail medical cannabis dispensary located in Oakland California.
“Today, we can proudly claim the title of the only US-based, publicly-traded company that touches every aspect of the cannabis lifecycle—from cultivation, to extraction, to branding, and now, with the acquisition of Blüm, to retail sale,” said Derek Peterson, CEO of Terra Tech. “In addition to enhancing our cash-flow, this merger positions us to capitalize on the new regulatory landscape in California, which will change significantly with the implementation of the Marijuana Regulation and Safety Act in 2016.”
Source: Investors Can Now Buy Shares Of A Marijuana Dispensary – Forbes
