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.

Discover the secrets of the world's best investors
Want to figure out how to profit on business analysis like this? The key is to learn how to turn business insights into portfolio gold by taking your first steps as an investor. Those who wait on the sidelines are missing out on huge gains and putting their financial futures in jeopardy. In our brand-new special report, "Your Essential Guide to Start Investing Today," The Motley Fool's personal finance experts show you what you need to get started, and even gives you access to some stocks to buy first. Click here to get your copy today -- it's absolutely free.

The article The Biggest Threat to Legal Marijuana originally appeared on

Try any of our Foolish newsletter services free for 30 days. We Fools don't all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.

Copyright © 1995 - 2014 The Motley Fool, LLC. All rights reserved. The Motley Fool has a disclosure policy.

Read Full Story