Only on 2: Building a Budding Industry - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Only on 2: Building a Budding Industry

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In Colorado marijuana is proving to be a very popular business. There are a lot of customers and a lot of options. 

“We sell flowers...bud edibles....chocolate name it...we have it!" says Ean Seeb of Denver Relief.

And it's proving a profitable industry too. Which is why a delegation of Nevada legislators and staff spent this past weekend touring facilities in Denver.

“Nevadans have said they want it as long as it's taxed and regulated and the money goes to schools,” says Sen. Tick Segerblom, (D) District 3.

"Whether you like the product or not....I see it as a great diversification for Nevada's economy,” says Sen. Patricia Farley, (R) District 8.

Nevada has already legalized medicinal marijuana and Senators Segerblom and Farley are partnering to see recreational marijuana become a reality in Nevada in 2016. And this is an industry that requires a lot of regulation to make it work.  

"Why reinvent the wheel? Nevada's on board....Colorado is already there. Let's hear what the problems are, what problems they've already seen so we can address them" says Sen. Segerblom. 

The lobbyist group Brownstein Hyatt Farber and Schreck hosted the weekend. In fact, they host a lot of summits and tours like this.  

"There have been a lot of requests from all across the country to come to Colorado and see our facilities and learn about our regulations,” says Sarah Clark, attorney & policy administrator.

And while they'll tell you they aren't about selling the industry to other would behoove them to be able to expand to other states.  

So early Saturday morning, the law firm served up information and breakfast for Nevada's delegation.  

Nevadans got a chance to ask questions while Coloradans got a chance to offer advice on how to and how not to approach pot as an industry.  

And then legislators saw the industry in action: from growing, to how much money marijuana brings in to Colorado from sales, tourism and ancillary businesses needed to support it.  

Because that's how this state views it - as a seriously huge industry and an industry that's growing other businesses as it blooms.  

"There's warehousing and retail spaces being rented, there's construction jobs and lighting and security and a lot of people just waiting for these jobs to open up,” says Sen. Farley.

In the Mile High City crime is basically down and so is unemployment. But not everyone is pleased with the move. Tobias Martinez says those in the business are edging out long time residents like him.  

“The climate is changing the culture is changing it's just like a yuppie invasion.”

But there is no arguing there's money to be made.  

“It's really a huge business,  lots of jobs...lots of money and lots of opportunity....oh, and lots of regulations to focus on,” says Sen. Segerblom.

And when they say a lot of regulations - let me just tell you that the rules and regulations for Colorado currently sit at 500 pages!  

And they are changing as the industry does. We'll take a closer look at all the regulations and the impacts marijuana has had on hospitals and crime Tuesday night.
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