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Three early on 2014 developments signal a fresh regulatory regime is along the way.
- The US Office of Justice announced you won't interfere with marijuana retail sales as long as all state and Federal guidelines are followed and everything fees are paid.
- The US Treasury Department's Financial Crimes Enforcement Network released formal guidance to US banking institutions how to work with marijuana organizations.
- The president of america mentioned marijuana and liquor in the same word.
A massive, quasi-dormant underground economy is awakening and large components are coming to the surface. Taylor West, deputy director of the 440-member National Cannabis Industry Relationship, said, "There's a entire canopy of products that moves beyond crops." He cites cannabis-infused foods and beverages, cannabis natural oils, butters, tinctures, and salves. New regulatory requirements will spark other opportunities such as laboratories to test for impurities and software systems to trail product from seed-to-sale. But make no mistake about any of it: Some buyers in a few of the publicly-held cannabis-connected companies complete at www.hempinsiders.com will lose money.
