Budding Recreational Pot Industry Sparks Innovation And Investment

WASHINGTON: Recreational marijuana is legal in Colorado and Washington state, and though it’s still illegal under federal law, more states are considering the move, setting the stage for a potential gold rush that could conceivably rival the repeal of prohibition.

Economics correspondent Paul Solman talks to entrepreneurs looking to cash in on the cannabis industry.

LESLIE BOCSKOR, Investor: This is a unique moment in history, and these days will never return again.

MAN: This is like the wild West right now, right, unfolding before our eyes.

PAUL SOLMAN: A flock of gung-ho investors who’ve traveled to a hotel north of Boston to hear product pitches in an industry that, until recently, was strictly illicit.

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