OLD Media Moves

Covering the business of marijuana

January 22, 2009

David Hinckley of the New York Daily News writes Thursday about the CNBC special airing at 9 p.m. tonight on the business of marijuana and reported by Trish Regan.

It’s an unusual topic to be covered by a business journalist, and the report resulted in some unusual responses as well. 

Hinckley writes, “Most of Regan’s interview subjects, who don’t mind showing their faces or wares on national television, seem unbothered by the potential for prosecution.

“Nor do her interviews with law enforcement officials suggest much cause for concern. The main response of the marijuana police, local and federal, is frustration that they can do so little about an enterprise that some officials figure may in some way involve up to 60% of county residents.

“Without marijuana farming, Regan’s sources all agree, the county’s economy would implode.

“‘Marijuana Inc.’ adds up to a solid special with a well-supported and inescapable conclusion: The commerce is unlikely to change and the law has only a slim chance of doing more than containing the most violence-prone offenders.”

Read more here

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