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NEWSFLASH! Marijuana growers sprout on Wall Street as pot goes public

Derek Peterson may soon become the first CEO of a public company that cultivates, distributes and sells marijuana. Terra Tech Corp., based in Irvine, California, won approval last week from the Securities and Exchange Commission to raise $6.8 million to build and operate medical marijuana operations in Nevada, where the company secured preliminary approvals. The company will seek to raise about $7 million more later in the year, Peterson said.

 

 

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