Pot farms in Washington and Colorado, states that legalized marijuana use in the November election, are facing an uncertain future.

In the 2012 election, two states, Washington and Colorado, took the unprecedented step of legalizing marijuana for recreational use. While both states have yet to hammer out final regulations, the laws mark a major step forward for the legalization movement.

The future of potential pot farms, however, is still up in the air. Despite the recent legalization approval, the federal government is still undecided about how to handle recreational marijuana use. Pot remains illegal according to federal law. Officials from the Justice Department have not yet decided whether they will attempt to block the Washington and Colorado laws from being implemented.

In addition to federal uncertainty, both Washington and Colorado are awaiting implementation of the new legalization laws while they debate pot regulations. Public use and commercial sales will likely not be approved until later this year until those regulations are finalized.

Officials from the Farm Bureau are recommending that farmers hold off on planting marijuana crops until this uncertainty is dealt with. “At this stage of the game, it poses tremendous problems for growers,” said the Farm Bureau’s president. “Quite frankly, I’d tell one of our members to approach this with great caution.”

To learn more about agricultural financing opportunities contact a Farm Plus Financial representative by calling 866-929-5585 or by visiting www.farmloans.com.

Follow us on: Twitter

Written by: Justin Ellison / Farm Plus Staff Writer