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Detailed text transcripts for TV channel - MSNBC - 20150104:15:50:00

It s been just over a year since colorado made history by becoming the first state to legalize recreational marijuana. soon, orgun, washington alaska and the district of columbia will join them. legal pot has become big business with the nationwide sales topping $2.6 billion last year and intrepid entrepreneurs are cashing in on residents and tourists needs for weed. in a new deemptocumentary, harry smith takes us inside the booming colorado marijuana industry. colorado is now home to more than 500 pot stores one of the biggest is called medicine man. here s an industry that doesn t even exist in colorado five years ago. five years later, you have cloud technology state of the art. to operate your grow rooms. right. yeah. it s been a wild ride. i got to tell you. we re not a bunch of stoners sitting around in tie dyed t-shirts smoking pot. ....

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Detailed text transcripts for TV channel - MSNBC - 20140111:20:30:00

The river rock wellness center where they only sell medical marijuana, they re not going to sell recreational pot for another month to let more plants mature, assess the market and build up inventory. colorado is running out of pot. as you see around us, there s a lot more behind it. it s going to take a while for the supply to meet up with the demand. it s not a question of six months or a year, might be three or four years. reporter: really? three or four years to catch up? i think so, yes. it s a question of infrastructure. we need to build greenhouses. we have to build indoor grow rooms. it s an expensive proposition. we don t have access to traditional banking. so finding the financing to capitalize the businesses and increase the infrastructure has been very difficult. we have to go to private equity, to venture capital. reporter: how much are prices going up because of scarcity? 200%. reporter: right afterwards, he hopped on a plane to ....

River Rock Wellness Center , Grow Rooms , To Venture Capital ,