Marijuana Growers Sprout On Wall Street As Pot Goes Public

That operation could be folded into Terra Tech now that the company has received SEC approvals, he said. Legal marijuana sales in the U.S. this year will total about $2.3 billion, according to a report by ArcView Group , a venture capital firm in San Francisco specializing in the marijuana industry. By 2018, ArcView expects sales to exceed $10 billion. A dispensary operated by Terra Tech CEO Derek Peterson averages 900 customers a day. Image: Courtesy of Derek Peterson More marijuana growers are close behind Terra Tech in seeking approval from the SEC to sell shares to the public, either through initial share offerings or through so-called reverse mergers, where a private company buys a failed business that is already public.
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