Irvine, Aug. 12, 2013 (GLOBE NEWSWIRE) -- Terra Tech Corp (TRTC) is pleased to see the drastic reversal by CNN's Dr. Sanjay Gupta and his stance on the medicinal value of cannabis. In 2009 Dr. Gupta wrote a Time magazine article titled "Why I Would Vote No on Pot." Last week he publicly discussed how he made an error and overlooked significant global studies on cannabis that, in fact, show material efficacy in the treatment of several conditions.
"I apologize because I didn't look hard enough, until now. I didn't look far enough. I didn't review papers from smaller labs in other countries doing some remarkable research, and I was too dismissive of the loud chorus of legitimate patients whose symptoms improved on cannabis." said Dr. Sanjay Gupta.
Today, US Attorney General, Eric Holder, announced reforms aimed at easing drug sentences for non-violent drug offenders, particularly mandatory minimum sentences which historically have required judges to hand out lengthy sentences for anyone convicted of possessing certain quantities of drugs.
"These are two very important shifts socially and legally that have taken place," said Derek Peterson, CEO of Terra Tech. "Cannabis is now legal in twenty states and the industry has experienced support from significant social and political groups. We are excited about the prospect of full legalization and feel we are positioning the company with our cultivation abilities and technologies to benefit from the potential change."
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About Terra Tech:
Through its wholly-owned subsidiary GrowOp Technology, Terra Tech Corp. specializes in controlled environment agricultural technologies. The company integrates best-of-breed hydroponic equipment with proprietary software and hardware to provide sustainable solutions for indoor agriculture enterprises and home practitioners. Our complete product line is available at specialty retailers throughout the United States, and via our website. Through its wholly-owned subsidiary Edible Garden, a premier brand of local and sustainably grown hydroponic produce, is available at close to 400 major grocery stores such as Shoprite, Food Emporium and others throughout New Jersey, New York, Delaware, Maryland, Connecticut, and Pennsylvania.
Cautionary Language Concerning Forward-Looking Statements
Statements in this press release may be "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. Words such as "anticipate", "believe", "estimate", "expect", "intend" and similar expressions, as they relate to the company or its management, identify forward-looking statements. These statements are based on current expectations, estimates and projections about the company's business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict. Therefore, actual outcomes and results may, and probably will, differ materially from what is expressed or forecasted in such forward-looking statements due to numerous factors, including those described above and those risks discussed from time to time in Terra Tech Corp.'s filings with the Securities and Exchange Commission. In addition, such statements could be affected by risks and uncertainties related to Terra Tech Corp.'s (i) product demand, market and customer acceptance of its equipment and other goods, (ii) ability to obtain financing to expand its operations, (iii) ability to attract qualified sales representatives, (iv) competition, pricing and development difficulties, (v) ability to integrate GrowOp Technology Ltd. into its operations as a reporting issuer with the Securities and Exchange Commission, and (vi) general industry and market conditions and growth rates and general economic conditions. Any forward-looking statements speak only as of the date on which they are made, and the company does not undertake any obligation to update any forward-looking statement to reflect events or circumstances after the date of this release. Information on Terra Tech Corp.'s website does not constitute a part of this release.
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Released August 12, 2013