Terra Tech Corp to open Las Vegas cannabis outlet in Q1 2016

Terra Tech Corp (OTCMKTS:TRTC) told investors it is set to open a cannabis dispensary in Las Vegas, which will be the first of eight new operations certified by Nevada.

The California headquartered group, which describes itself as a vertically integrated cannabis-focused agriculture company, said the first dispensary would be located adjacent to the famous Las Vegas strip and would open in the first quarter of next year.

It would benefit from from the heavy traffic in Las Vegas, Terra Tech said.

The company then plans to open three further dispensaries – two in Nevada’s Clark County and one in Reno - during the second quarter.

These operations are covered by provisional operational certificates for medical cannabis.

Derek Peterson, Terra Tech chief executive, highlighted that the operations in Nevada were particularly attractive because the state recognises the patient status of non-residents, which means that...

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