Laws often have unintended consequences.
Here’s an example: The US government is helping illegal pot producers destroy California’s water supply. Will Washington State soon be demanding more water from Idaho to satisfy its newly legalized agribusiness crop?
Here’s another example: Will Recreational Marijuana Affect Real Estate? Yes, according to the Colorado Association of REALTORS®, and in ways that might not have been carefully considered.
Here’s a related update to OpenCdA’s post titled A $eriou$ Problem on January 13, 2014. Today, February 14, 2014, the Financial Crimes Enforcement Network (FinCEN) in coordination with the U.S. Department of Justice (DOJ) issued guidance that clarifies customer due diligence expectations and reporting requirements for financial institutions seeking to provide services to marijuana businesses. The guidance provides that financial institutions can provide services to marijuana-related businesses in a manner consistent with their obligations to know their customers and to report possible criminal activity. Here is a link to that guidance.