Fred, there are now, have been, and will continue to be illegal marijuana investors and growers.  It is not just the investors. There are huge issues with the medical cannabis industry because of the great divide between Federal and State. It is driving an underground cash economy and a crap ton of taxes are not being paid. Meanwhile, Big Pharma is making a Killing on drugs that are literally killing people.  

I am neutral as far as pot goes, but do feel that the feds really have no business in this state issue and congress needs to tell the dea to spend their resources on a more important endeavor.

Remember Phrenology or Chealation Therapy?

How about 'Rent to own' and "Lease with option?"

All disappeared when those on high passed judgment. However, it did not prevent a whole lot of people from making a lot of money.

What happened when the 'pill mills' were shut down? A heroin epidemic swept the country. The money IS going to flow, why not bring it into the daylight where is can be taxed, " TO SUPPORT OUR SCHOOLS OF COURSE!"

At this moment, if the purpose of the purchase is disclosed, it compels it become all cash transactions. (I.e. the banks can not sell the loans to the taxpayer).

It will be interesting to observe should the feds take action, deport illegals, imprison city leaders who support sanctuary cities in DEFIANCE of FEDERAL law,  and banning this emerging 'smoke it' movement and see which brings the biggest crowd to the Capital Mall.

No yet , altho LEGAL growers are getting ready in PA

Not my cup of tea and would refer it to someone more favorable of the laws.

Not involved in any way nor aware of anyone who is. Haven't heard anything about the impact since CA legalized marijuana in the recent election. One has to wonder about the interaction of state vs. federal law

Not working with any "Marijuana Investors". Not sure I would want to do so! The Federal issue looms large!

Not yet.   I am aware of the federal law regarding this issue.  These are interesting times.  

I pass. Do not want to walk over with a fine line.

We realtors got enough bad publicity already. 

Fred,

Too early, nothing we have heard.  I am aware of the Federal issues.  A

Not that I am aware of.

I am looking at invesments for building marijuana grow buildings in astates where it has been legalized. The ROI is outstanding.  If for one moment you think that drugs of all kinds can be controlled, please read The Botany of Desire. FYI, the true story of Johnny Appleseed is fascinating and not what I was told in grade school.

it's legal in MA as of Dec 15th and I'm very upset with this law having passed.... what's next, Cocaine? 

I don't work with clients that want to break federal law.

No, but I know of a couple of agents that into the product.

No.

There is still a huge disconnect between state and Federal; I'd be cautious.

Here it's legal to possess it and grow it, but you can't sell it.  So some enterprising condo builders are offering a "grow closet" with all the lighting and water.  It wouldn't be on the top of my wish list!  I destroyed enough brain cells in the 60's.

What is strange for me is in Washington State (legal for 4 years) I still feel funny seeing pot treated and displayed like wine in homes. It is just weird walking through homes with bongs and decanters openly displayed...

It is still illegal in TN and hope all the kinks get worked out before we are faced with these issues.

No, but I just read this article, which is related to your question: http://www.nbcwashington.com/news/local/DC-Condo-Remodeled-to-Include-Marijuana-Grow-Closet-338107482.html

Although some people are using them for herbs (seasoning, that is), marijuana grow closets are being included in the project mentioned above

It's a wait and see thing. 

Not going to touch any of this.

No, it's not legal here in North or South Carolina!

If an agent sells farms or agricultural land  in California right now, there is a good chance it will become a legal pot farm in the future. Any plants on it would be considered "personal property" just like corn or whatever.

Sadly the studies show that the majority of drug  users started with pot and wint up from there.  I would love to see an update from colorado.

Yes I am in the mix on this...It is very fascinating and being defined as we go. Fed law can come in and shake things up anytime it wants to for now but they need to have a prompt to do so. Meanwhile, local law prevails. The new Attorney General will direct this I bet....

Not here in NH, but i have come across illegal ones in foreclosed homes

No and I  don't know that I will. Medical useage is fine, but not recreational in by opinion.

 Fred Griffin - in Oregon we are a year ahead of many states regarding how we as real estate professionals handle marijuana grow operations and buyers who wish to purchase with this intent. I wrote a blog about this early October - Is Your State Going to Pot? Within my brokerage, we have made the decision not to work with people purchasing with the intent of growing or dispensing pot.  Our E & O does not cover federal crimes.

When Prop 203 had just passed (medical MJ) I was flooded with wannabe dispensary owners and I shooed them all away after getting educated on the process. Until it's off the controlled substance list, it's a risk. PS. Is 'Federal Law' the mother of all oxymorons? LOLLL

Investors are going to slow down for the next few months until they see how the next administration handles things. That is the reality when federal law is not enforced, yet conflicts with state law. I know people who have had dealings with these types of investors and have not worried about their legal risks. I don't envision the DEA coming after a real estate agent. That said, I entirely understand why someone would pass on that client.

Fred Griffin Federal Law rules. Unfortunately, they are not being enforced.

Not I. And I doubt I would put this "specialty" into my wheelhouse.

Nope.