Colbert on Colorado: 'The Market Has Spoken and the Market Is Toking'

Last night, Stephen Colbert documented Colorado’s booming pot industry in a hilarious segment on “ganjapreneurs,” as the news media has termed the people making cash from marijuana. Colorado--or “potsylvania,” as Colbert put it--has made $14 million in the first month that pot became legal in the state and could make up to $600 million a year.


“The market has spoken and the market is toking,” Colbert said.  His “bears and balls” segment on pot looked at marijuana infused edibles and the growing ganja tourism industry in the state.

He also mentioned how pot profiteers are having a tough time with finding banks to take their cash. For some reason, Colbert noted, banks are worried about violating the law if they take drug dealers' money. On the other hand, that's exaxtcly what HSBC did when Mexican drug cartels used the banks to launder money--and HSBC got off with no criminal penalties.

Watch the clip here:

The Colbert Report
Get More: Colbert Report Full Episodes,Video Archive

#story_page_post_article

Understand the importance of honest news ?

So do we.

The past year has been the most arduous of our lives. The Covid-19 pandemic continues to be catastrophic not only to our health - mental and physical - but also to the stability of millions of people. For all of us independent news organizations, it’s no exception.

We’ve covered everything thrown at us this past year and will continue to do so with your support. We’ve always understood the importance of calling out corruption, regardless of political affiliation.

We need your support in this difficult time. Every reader contribution, no matter the amount, makes a difference in allowing our newsroom to bring you the stories that matter, at a time when being informed is more important than ever. Invest with us.

Make a one-time contribution to Alternet All Access, or click here to become a subscriber. Thank you.

Click to donate by check.

DonateDonate by credit card
Donate by Paypal
{{ post.roar_specific_data.api_data.analytics }}

Don't Sit on the Sidelines of History. Join Alternet All Access and Go Ad-Free. Support Honest Journalism.