Only on 2: Marijuana Cultivation is Key; Cash is a Concern - KTVN Channel 2 - Reno Tahoe Sparks News, Weather, Video

Only on 2: Marijuana Cultivation is Key; Cash is a Concern

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Colorado has taken the idea of legalized marijuana and grown it into a huge industry. In fact everything from cultivating it to processing it to selling it is now big business there. And a lot of the grow facilities offer tours almost like touring a winery. We followed a group of Nevada legislators in Denver last week on one those tours.      

"You can see the buds across the room," the guide said. "Stress from the lighting or the water or the ph level in the soil can all impact the flowers."

They dry the plants on two-sided racks that recede into the walls and they have acres of fields growing of the processing. Then you are dropped at the shop where they offer you everything you can think of in terms of marijuana and marijuana infused products. Just across the lobby is a medical facility.

Marijuana is still technically illegal according to the federal government. So everything is done in cash. mortgage payments, trips to Home Depot, payroll, taxes, you name it.

"We have to keep it all separate. Two sets of books to run the different taxes on medical versus the recreational sales. It's crazy. It would be better for everyone if we could use credit cards and cash. That's all easy to track. It's a lot easier to track than a cash-based economy,"
 says Michael Elliott who is with the Marijuana Industries Group.

And that will be a challenge in Nevada as medical marijuana goes on the market and if Senator Tick Segerblom is able to move ahead with his plans to see recreational pot here as well.

"I am convinced it will happen in Nevada. It's a matter of time. And why reinvent the wheel? If we can learn from what they've done here in Colorado we should."

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