While there are 16 states allowing some form of legalized medical marijuana, onlyColoradoallows marijuana businesses to operate as for-profit organizations, according to Bloomberg Businessweek.

It’s an interesting situation for these businesses, however, as they still could face federal charges and banks won’t be funding these operations any time soon. It’s a industry and legal situation in its infancy, and people in this business would do well to contact an attorney well versed in the currentColoradomedical marijuana law before setting up shop onMain Street.