Marijuana is an illegal drug, right? Yes and no. At the Federal level, marijuana is 100% illegal for any use whatsoever. However, many states allow the use of marijuana for medicinal purposes, and some have even gone as far as allowing it for recreational use as well.
This leaves us with a LOT of uncertainty. If a state allows the use of marijuana at some level, can you still be arrested by the Feds? Where is it grown? Does marijuana-related income count for a loan? Is it risky to rent to a medical marijuana distributor? Are you breaking fair housing laws by refusing to allow your tenants to grow marijuana?
Regardless of how you feel about marijuana, it is important to stay on top of the new laws because they will, and already are, affecting real estate on every level.