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Terra Tech is Expanding with the Cannabis Industry

Traders News Source, an equity research firm specializing in small and micro-cap securities, is looking at financials and recent events at Terra Tech Corp. (TRTC). Revenue in the third quarter 2016, increased by approximately $4.9 million, compared to last year. The company reported a gross profit of approximately $1.3 million in third quarter 2016 compared to $370,000 in third quarter 2015, an increase of approximately $950,000. The increase in revenue was mainly because of revenue generated by Edible Garden for the sales of its herbs and floral products and Black Oak Gallery and IVXX from the sale of its cannabis products.

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The cannabis industry’s excitement last year over more states approving cannabis initiatives proved short lived, as just days after the election President-elect Donald Trump nominated Alabama Sen. Jeff Sessions, a harsh cannabis critic who said earlier this year that “good people don’t smoke marijuana,” for U.S. Attorney General.

How will politics impact Terra Tech and the cannabis industry overall Full Report

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