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Judicial Watch • Critics question SEC approval of Irvine marijuana company as ‘green light’ to ‘break federal law’

Critics question SEC approval of Irvine marijuana company as ‘green light’ to ‘break federal law’

Critics question SEC approval of Irvine marijuana company as ‘green light’ to ‘break federal law’

FEBRUARY 02, 2015

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.


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http://www.ocregister.com/articles/financial-649811-world-company.html


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