This is real business. They expect record profits increased to1600%. Contracts are being signed as we speak.
Oils have been extracted and produced as additives. Marijuana has already been added to a variety of products e.g. body lotions, chocolates and sodas.
The Marijuana Enforcement Division (MED) is the regulating body for both the medical and retail industries. This regulating body is part of the Colorado Department of Revenue. The license bureau is overwhelmed with applications within the states borders.
Today an announcement was made by CNN Newsroom report from Denver, known as the Mile High City. This saying is found on most paraphernalia found in retail shops waiting to open their doors. Beginning January 1, 2014, it will be legal to sell the seeds and more. Revenues are expected to go from $1 billion to $10 billion in profits by 2018. Anyone over the age of 21 years can buy marijuana at any establishment licensed by the MED.
Watch this video from a CNN reporter's visit to a smoke shop.
Is Colorado providing a model for the rest of the country? The Denver Post ran an article about chefs conducting cannabis cooking and baking classes since April 2013. Cannabis is a drug produced in various forms from dried leaves and flowers of the hemp plant. It can be chewed or smoked. Its recreational use is illegal in many countries. The Latin name: Cannabis sativa, cannabis masculine, hachis masculino.
Controversy proceeds in doubting that medical usage has any therapeutic effects void of side effects and that it provides unique relief for serious conditions.
A campaign to regulate medical marijuana was launched in 2010 by the American Civil Liberties Union to minimize teen access to marijuana. In a two year period from 2009 to 2011, Colorado enacted strict state and local regulations on the sale of marijuana.
We may have to throw the medical procedure codes, diagnosis codes and medical necessity forms submitted by healthcare providers out the window. Because your health insurance including the Affordable Care Act may not have to cover medical marijuana if it is an over-the-counter purchase. With traditional therapies and medicines, you will never get a contact high.