This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Drug Cartels Take Colorado? Drug Enforcer Backtracks

NEW YORK ( TheStreet) --Has Colorado's reckless decriminalization of marijuana opened the floodgates to all kinds of chaos and iniquity?

You might be forgiven for thinking that, if you read this widely-syndicated Gannett story entitled "Feds worry that drug cartels are moving into Colo." 

But the story offers no evidence of a link. Quoted in the story is Tom Gorman, director of the Rocky Mountain High Intensity Drug Trafficking Area, which, the story tells us, is connected to the White House National Office of Drug Control Policy.

"Our intelligence tells us, and all indications are (drug cartels) are going to move in if they haven't already," Gorman says.

In a subsequent radio interview Gorman continues to engage in scare tactics, saying Colorado marijuana retailers could easily end up being victims of extortion.

"It's real easy for [cartels] to come in and look at these retail stores and say 'I want a piece of the action," Gorman says.

"They're treacherous, and there's no way when they show me a picture of my little girl walking to school that I am going to go to law enforcement, worrying about my family or my safety or blowing up my shop or whatever it is," he tells the interviewer.

But then shortly afterward, he backtracks--something brought to my attention by Sanho Tree, a fellow at the Institute for Policy Studies.

"I didn't say it'd happen. I said it's a perfect storm. It's a good opportunity," Gorman tells the interviewer.

Gorman also notes that "there was some information that the press got ahold of tying it to a Colombian cartel."

Tying what to a Colombian cartel? He never tells us. Nor does the story he refers to -- that same Gannett story in which he is the only official quoted.

The whole scare campaign seems so ham-handed, frankly, it recalls-well-the War on Drugs: a ham-handed campaign that is way past its expiration date. Follow @dan_freed

Related:

Why 'El Chapo' Guzman Bust Was a Mistake

California Pot Push is Postponed

In 2014 Pot States Will Be Growing Like Weeds

The 5 States Most Likely to Legalize Pot Next

Disclosure: TheStreet's editorial policy prohibits staff editors, reporters and analysts from holding positions in any individual stocks.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 17,146.16 +14.19 0.08%
S&P 500 2,000.53 +1.55 0.08%
NASDAQ 4,559.67 +6.9110 0.15%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs