The Trump Administration Won't Slow Down Terra Tech Corp (OTCMKTS:TRTC)

Recent statements made by members of the Trump Administration have given investors some pause about investing in cannabis related businesses. Terra Tech Corp. is one such business that would experience a significant impact, be it positive or negative, if government regulations regarding cannabis were to suddenly change. Regardless of the changing political winds in Washington D.C., Terra Tech continues to aggressively execute its plan for growth.Terra Tech’s strategy of maintaining a vertically-integrated structure to cover every aspect of the cannabis life cycle continues at full speed. The company is in the final stages of designing and putting into operation its 13,300 square foot cutting edge production facility in the city of San Leandro, California. The facility will also have a dispensary, and a community meeting space. All phases of operations are expected to begin in the fourth quarter of 2017, and full production capacity is expected to be reached by the end of the first quarter of 2018. Salwa Ibrahim, Executive Director of Blum, commented:

"This was a long permitting process but we couldn't be more happy to be building a new facility here that we can all be proud of. This expansion is yet another step in our evolution into a nationwide provider of superior grade product and we look forward to issuing further updates as we make continue to make progress with construction work at this location."

In early February Terra Tech was named to the 2017 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market for the year 2016. The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market.

Since 1996, advocates for laws to legalize marijuana at the state level have been making steady progress. In spite of setbacks resulting from shifts in political trends and government policies, the cannabis legalization cause continues to move forward, and is stronger than ever. After the most recent election, the count now stands at 28 states, and Washington D.C. that have laws that legalize the use of cannabis to one degree or another. In the remaining states, cannabis legalization advocates are already in the process of having the issue placed on the next ballot, and they are determined to succeed.Expending political capital, on an issue that has almost no viable upside, with a great deal of possible downside, is not a very prudent political posture for the Trump Administration this early in its transition. Most people who are not in favor of legalizing cannabis more than likely already support Trump. While those who are in favor, and supported Trump, may change their minds come next election if the administration pushes an anti-legalization policy. The administration should take light of the fact that a majority of states now have laws legalizing cannabis, and recent reputable polls have shown overwhelming support by the general public to legalize it. More importantly, there are issues that need to be dealt with that are considered far for more important by the electorate.Since the start of the new year, Terra Tech’s stock price has been consolidating around $.30 after a price drop from a local high of $.56 over the last two months of 2016. The share price is currently hovering around a support level that goes back to mid-May of 2016 of about $.25. Fourth quarter financials for 2016 are yet to be reported. Market capitalization $144.33 mill. with 568,220,000 shares outstanding as of March 1, 2017.Whatever setbacks that may arise from change in government policy that results in an adverse effect on Terra Tech’s stock price, it should be seen as a buying opportunity. In the long run, the trend to legalize cannabis will not be reversed. We will be updating our subscribers as soon as we know more. For the latest updates on TRTC, sign up below!Disclosure: We have no position in TRTC and have not been compensated for this article.