Dealer Cannabis first appeared on the US stock market

In exchange the United States first appeared the company that carries out the entire cycle from cultivation of psychoactive hemp until its sale to end customers. This became possible after purchase Terra Tech network of points of sale of medical cannabis.

American agricultural company Terra Tech Corp., specializing in the cultivation of medical cannabis, announced Tuesday the purchase of a network of points of sale of psychoactive cannabis - California Blum Oakland.

The deal marks the first time in the history of the US stock market has entered the country a company that is directly engaged in the cultivation, processing and sale of psychoactive cannabis authorized for public distribution.

Net income Blum Oakland at the end of 2015 amounted to just under $ 15 million, the network has 48 thousand. Registered customers daily medical konpoley in terms of sales comes nearly a thousand patients, said the executive director of Terra Tech Derek Peterson. According to him, along with a network of Blum Oakland company has also received equipment for the cultivation of hemp seeds and their subsequent sale to patients.

However, the merger of Terra Tech and Blum Oakland will enable the company to become one of the few in California, who allowed both to grow and sell psychoactive hemp. According to the law, signed by California Governor Jerry Brown on Oct. 9, 2015, the entire cycle from production to sale of the product is not allowed to carry only one company. An exception is made for companies that started operation before 1 July 2015 and Blum Oakland runs from November 2012.

Description of the Association "Ukrainian industrial hemp"
Some related to the production or sale of psychoactive hemp companies traded on the stock exchange NASDAQ, but mostly service companies that do not deal directly with this product.

In accordance with US federal laws cannabis is prohibited, but the medical cannabis legalized in 23 states of the country.

Shares of the Terra Tech were registered by the Securities and Exchange Commission (SEC) in January 2015. This case was the first in which the Commission allowed the registration of the company, which specializes in psychoactive hemp. The company decided to focus on cannabis in 2014, and before that was engaged in the sale of gardening equipment.