Legal marijuana: How to invest.  How to Invest in the Legal
Marijuana Boom  A blog about business and economics. Jan. 2 2014
12:49 PM  How to Invest in the Legal Marijuana Boom  The future.
Photo by Tom Pennington/Getty Images  With Colorado becoming the
first state to offer full legal marijuana purchases starting
this month, a few people have asked me if I think getting in on
the marijuana business is going to be a smart play. After all,
public opinion trends seem to make the spread of legalization
all but inevitable.  And, indeed, the bet that pot will be much
more widely available through legal channels by 2025 seems very
safe to me. But I sort of doubt that marijuana will ever be a
lucrative industry. Take away the unique issues caused with
illegality and you're talking about a commodity agriculture
business. Except unlike corn, you're not going to be able to get
congress to subsidize your pot farming operation. Beyond that,
everything becomes about tax and regulatory policy. You could
easily imagine sta