Latteno's Wholly-Owned Valley Organics Expands Ope
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Latteno's Wholly-Owned Valley Organics Expands Operations to Colorado
SANTA ANA, CA--(Marketwired - Dec 6, 2013) - Latteno Food Corp. (OTC Pink: LATF) today announced that its wholly-owned co-op Valley Organics has expanded its R&D and products development to Colorado due to recent Federal policies and State laws changes.
Nearly a year after Washington state and Colorado voted to legalize recreational marijuana, the Obama administration announced a few months back that it won't sue the states to comply with federal laws, though it reserves the right to in the future.
The world's first recreational marijuana retail license was granted to a dispensary in Colorado last month. Annie's, located in the mountain and gambling town of Central City, was the recipient of the historic license.
Valley Organics has already deployed representatives to Colorado to negotiate joint MMJ products development and licensing/distributing agreements. Shareholders will be promptly updated as new products roll out will starting to take place early next week.