Critics question SEC approval of Irvine marijuana company as ‘green light’ to ‘break federal law’
U.S. Securities and Exchange Commission recently approved Irvine-based medical marijuana company Terra Tech Corp.’s plans to build its operations in Nevada. This is the first time the federal government has approved such activity for a company in this industry, thus setting a precedent. Judicial Watch covered this news as well in a Corruption Chronicles blog post, noting that medical marijuana production and sales are illegal under federal law. Read more from that blog post here.
Here is a snippet of the Corruption Chronicles blog post, which was featured in this article as well:
“Pot may have been legalized — for medicinal and recreational use — in nearly two dozen states (including the District of Columbia), but it remains illegal under federal law. For a federal agency to approve its official sale is downright insane,” that blog commented.