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Marijuana firms shrug off Sessions' new drug policy

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AP - San Francisco This week's announcement that the U.S. Justice Department was ditching its hands-off approach to states that have legalized marijuana initially sent some in the industry into a tailspin, just days after California's $7 billion recreational marijuana market opened for business. But for long-term marijuana purveyors accustomed to changing regulatory winds, the decision was just another bump in a long and winding road to proving their business legitimacy. Many in the industry said they're keeping a wait-and-see attitude because the effect of Attorney General Jeff Sessions' announcement depends on whether federal prosecutors crack down on marijuana businesses operating legally under state laws.

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