The Biggest Threat to Legal Marijuana

At the beginning of 2014, two states opened the floodgates for the marijuana trade, as both Washington and Colorado legalized its sale, possession, and consumption for recreational purposes.

Yet there continues to be one major threat to the industry that's making it tough for participants to stay on the right side of the law even in states like these. In the following video, Motley Fool contributor John Maxfield, the author of a recent in-depth series on the industry, digs into the problem that the U.S. tax code is presenting to burgeoning cannabis entrepreneurs.

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  • Report this Comment On January 18, 2014, at 9:11 PM, Crusty wrote:

    No, REALLY???? What did everyone think? That potheads were going to line up and pay WAY MORE for their weed? The result?? They will continue to buy it from their "guy", but now they can walk around and not fear arrest just for having it in their pocket.

  • Report this Comment On January 18, 2014, at 9:11 PM, Crusty wrote:

    No, REALLY???? What did everyone think? That potheads were going to line up and pay WAY MORE for their weed? The result?? They will continue to buy it from their "guy", but now they can walk around and not fear arrest just for having it in their pocket.

  • Report this Comment On January 18, 2014, at 11:24 PM, MockCrusty wrote:

    No, REALLY???? What did everyone think? That potheads were going to line up and pay WAY MORE for their weed? The result?? They will continue to buy it from their "guy", but now they can walk around and not fear arrest just for having it in their pocket.

  • Report this Comment On January 18, 2014, at 11:26 PM, CrazyDocAl wrote:

    The biggest threat is the fact that it's legal for companies to do drug testing. Since THC stays in your system for weeks it would be impossible to go out on a Friday night, get high, and the go to work Monday morning without fear of loosing your job.

    Insurers are going to want more and more companies to test to reduce liability of injuries or accidents by impaired workers. It's not a large leap to think an ambulance chaser would try to say an employee didn't clean up a spill quick enough because they were high.

  • Report this Comment On January 18, 2014, at 11:39 PM, Richard233 wrote:

    The biggest threat is that people can and will grow their own. It's a weed folks. If prices are too high people will grow their own because it will be a lot cheaper. The question then will be whether or not there are modern day "revenuers" to go after the stuff that is grown for personal use.

  • Report this Comment On January 18, 2014, at 11:42 PM, adoptme4now wrote:

    everybody should know the feds are kicking sick and or dyaing patients out of the subsidised housing because they are smoking weed. my stepbrother just got kicked out the weed is legal in colo but patients who need it are getting homeless because the housing subsidy are federal . true story Rev. marie stevens

  • Report this Comment On January 19, 2014, at 6:13 AM, patriot88000 wrote:

    Problem with companies doing testing for their workers is that the tests themselves are flawed and these companies will purchase or contract with the cheapest companies around yet the results from these tests could get a person fired even though the tests can produce a false positive result simply from the person being tested eating or drinking common items found in the home everyday such as Sesame Seeded buns, or other such items. This is a documented fact, If the tests themselves are not totally accurate, and can find alleged THC where none actually exists, you can't expect the results to be accurate either.

  • Report this Comment On January 19, 2014, at 7:21 AM, Katsdad wrote:

    We have a nearly invisible job market. Anyone think testing positive for marijuana will help ?

  • Report this Comment On January 19, 2014, at 8:03 AM, bigsunday wrote:

    Legal for the first time? Pot was legal in 1936 all the way back to the Big Bang or Adam and Eve. Pot being legal is not new. It has only been illegal for 70 years. That lady could have said that due to the repeal of Prohibition Alcohol is now legal for the first time. She like many of our youth today need to learn History.

  • Report this Comment On January 19, 2014, at 9:30 AM, Mark5w wrote:

    People are pretty much lazy in my experience

    I can make my own beer and wine but making

    Commercial quality is a major job and hard to

    Do especially for weed I have tried to grow it when

    I was younger I don't smoke anymore haven't in

    Years but my point is people will realize really

    Fast it's Easier to just go to the store and buy

    It and then it's state revenue wala money

    For counties for free I'm thinking stocks ! Or

    We will miss out

  • Report this Comment On January 19, 2014, at 9:58 AM, JBuser wrote:

    "We the People" begins the American Constitution. The People are the highest constituted authority in the American Union.  The nature and character of the People will determine the nature and character of the American Union. Is it not reasonable to say that if the People are ill-informed then the American Union will suffer from that ignorance, or if the People are immoral that such depravity will comprise its sacred institution the family, and if the People are enslaved to addictions such poison will permeate through the entire system devastating the infrastructure. Is it not just as reasonable to say that if the People are enlightened to the dangers of civil government that they will be ever vigilant over the laws and the agents who execute them. It is not just as reasonable to say if the People are striving toward virtue that their virtue will strengthen every institution to the profit of all, and if the People place a high bar on morality that public and private decency will prevail. Can the sovereign of America, the People, forsake their sacred obligations of being informed, moral, and virtuous and yet still have the quality of life that all desire and want? What folly to encourage the corruption of the American sovereign, the People, when so much is at stack - everyone's life, liberty, property, and quality of life. What folly to allow the sovereign, the People, to surrender its expected and required sovereign duties! 

    Example

    David Hardy 'Juror Testimony' transcript “he felt like...the jury was on one big party...seven jurors drank alcohol....Hardy stated that on several occasions he observed two jurors having one or two mixed drinks during the lunch recess, and one other juror, who was also the foreperson, having a liter of wine...three other jurors smoked marijuana quite regularly during the trial. Moreover, Hardy stated that during the trail he observed one juror ingest cocaine five times and another juror ingest cocaine two or three times. One juror sold a quarter pound of marijuana to another juror during the trial, and took marijuana, cocaine, and drug paraphernalia into the courthouse. Hardy noted that some of the jurors were falling asleep during trial, and that one of the jurors described himself to Hardy as 'flying'. (History of the Common Law, page 526)

  • Report this Comment On January 19, 2014, at 3:51 PM, vet212 wrote:

    The user and the very adverse effects of this Drug on the user and the fact it IS the primary Gateway drug for far more dangerous and destructive drugs and the fact that "drug abuse" IS a primary tactic in the growing socialist control of our nation plus the profit our elected and appointed officials make from it

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