Estimated milliondollar Legal Marijuana business. David beckham made the u. S. A serious destination for many the top soccer players. All that and more coming up. We have headlines with julie hyman. Herbalife says fourthquarter profits were up 10 . Net income increased to 123. 5 million. Never brett reported but never a bread panera bread beat estimates. King digital entertainment, the maker of candy crush, is beginning an adventure of its own in the path becoming a public company. They filed to raise 500 million. Back to you. This hour with attention on the global front. It was a bloody day in the ukraine where at least nine civilians and four Police Officers died and more than 150 injured. Is urgingof kiev people to stay away from the government and say they will move to clear about 20,000 protesters. With more is what stake, we are joined by former u. S. Ambassador to the ukraine. Us from washington. It is great to have you with us. Talk to us a little bit about the situation that we are seeing in kiev an escalation that we are seeing in terms of violence. It is a pleasure to be here. This is a crisis of nearly three months standing. President ing when the decided not to make a trade deal with the eu. He decided he was forced to clear the streets in late november. He failed and is trying again tonight. You have had experience in this region. Is there anything historically that you can draw upon that can help us get through this point where they can find some resolution . There are two ways this crisis could be resolved. By massive crackdown or by a serious concession by the authorities. The president has alternated between on the one hand offering half concessions or on the other trying to crack down but being unable to do so. Tonight he is threatening to crack down again but the opposition and the protesters stay in the streets so it is unclear if he can do this. The real weight iswhat i wanted to ask you who you fault more at this point, the president of the ukraine of Opposition Leader . This crisis is the direct result of the increasing oppression of the president. There would not be thousands in the streets today if he had not try to crack down on the demonstration which was originally against just european integration. His regular use of repressive tactics is what puts people in the streets. This is a crisis yet created he has created. Russia has been playing a role here. Shoring up their bonds. Russia, in terms of their role, what should it be i . Putin is an authoritarian and would hate to see a real step towards democracy in ukraine so easy encouraging the president of ukraine to crack down on the demonstrators. There could be a peaceful resolution to this. Resolution consistent with ukraine values. Gothe president ukraine were to a constitutional change would make the Prime Minister independent to the president and offer that. You were there during a time in kiev that was known as the orange revolution and you were involved in a lot of events that really led up to his presidency. What can we learn about that time than what we saw there and apply it to what we are going through today . That is a good question because there was a serious protest when i was ambassador and that protest was ultimately led to a political compromise which led to a new president of ukraine. It involved constitutional change so that the people giving up authority knew that he would not be allpowerful. That was a solution that worked in 2004 and a solution that could work in 2014. Thatu anticipate constitutional change will have to be a part of any resolution at this point . There are other possibilities. The president could step down and permit early elections to the presidency. Those elections are scheduled for 2015 but could happen this year. Let him agree to give up some of his powers. Give the opposition Real Authority and then the protesters will clear out. We addressed a little bit of the role of russia. What about the European Union as a whole in this region . What should be their role in our sanctions necessary at this point . The European Union is the great model for ukraine to follow. This crisis began when the president walked away from a trade agreement with the eu. Eu has more influence in ukraine and then the United States because it has the ability to offer incentives that we do not. Ukraine would very much like this trade agreement with the eu and eventually become a member. Does not advantage is that the United States that offer. Sanctions, i believe that if there were sanctions on corrupt officials on ukraine visiting the United States and the eu in it for financial sanctions against the assets of ukrainian officials, this would encourage the Ukrainian Government to make the political compromises necessary to a peaceful resolution. You mentioned the United States. What is their role . The United States share the same interests as the eu in seeing the resolution the revolution of the democratic ukraine. We do have influence of the World Leaders power leading powert but we can offer the ukraine incentives like the eu can. Our role is important but not as important as eu. This is a crisis that is created within refrain and is a crisis that we resolve iranians by ukrainians. Outside actors several its of little influence. What would be your first step in trying to bring some resolution to a situation that has escalated . What will be your first step here . I would tell the protesters to stop any violent acts. Stop throwing stones. I would tell the government to take all emulation out of the hands of the police. There have been deaths of protesters with real bullets. Stop the violence right now. Invited thet had leaders of the opposition to talk tomorrow. Let those talks take place. But the president put real concessions on the table. What is your fear . This is three months and counting and the death toll is mounting. What is your fear in terms of what may still be yet to come . It is clear that the situation has already included violence, violence which is not the part of ukraines history for the past 20 years. There are hotheads on both sides who might be interested in seeing increased violence. That is a real danger. I believe there are also people of sanity in the government and the opposition and they can reach agreement. The core to that agreement has to be a serious concession by the president which we have not he is not been willing to do. Ambassador, thank you for your time. Up, you will meet at chief executive raising millions to invest in cannabis businesses. Youre watching taking stock. Welcome back. I am carol massar. Marijuana has taken another step towards legitimacy. The u. S. Government issued guidelines allowed u. S. Banks to offer accounts and other services to businesses in states where medical or recreational pot sales are legal. Banking groups say the guidelines go far enough. Dont go far enough. My next guest is the ceo of Privateer Holdings which invests in Legal Cannabis businesses. Think you for having me. Did you think you would be here four years ago . In this industry for four years and i never wouldve it managed it wouldve moved as quickly. Prepared for the volatility and velocity of change. Everything is moving so quickly. How did you get here . You are analyzing Technology Firms. Of a subsidiary of the silicon valleybased bank. I looked at lost lots of different plans. A Technology Company in the medical marijuana industry. And became fascinated and started to do boots on the ground research. What did you find . I went out and talked around the country and world. On the medical marijuana states. Dispensaryrowers and owners and people who make different types of products. Spain, andisrael, the netherlands, trying to find out the product because there are no analysts research. We had to do it the oldfashioned way. It was a new industry. In industry that had a lot of problems certainly. A lot of unprofessional managers and unsophisticated Business Plans but one of the big changes is that the plants and people in strategies are Getting Better. You leave your job analyzing Technology Firms and you decide to start a venture firm that invests in cannabis businesses. That is right. I was driving from San Francisco to san jose one day and listening to a radio shape show debating. I thought, i wonder if there is going to be Financial Firms were private equity in this industry . By the end of my ride, i thought, of course there is. I started calling Business School friends from yale and other partners and told them i want them to quit their jobs and come join me. You got people to do it. I did. Tell me about im imagining, i read somewhere where you spent half 1 million in your education. I have a College Degree into postgraduate degrees. I have a successful career. That is something that concerned is early on reputation. Would we be tainted by going into this industry . We left at risk two years ago. What did your parents think . You left a good job and you are doing what . It was in the career path expected for me. They are older. They missed the whole 60s revolution, they were older than that. It was an interesting conversation but even they have friends who had use medical cannabis for a legitimate reason. They were able to wrap their arms around it and understand. Investors have wrap their heads around it and they have given you money. How much money do you have to play with and what kind of companies are responding to investing . We close to 7 million in july. We will go out and raise, not more than 50 million, but probably not that less that much elless to invest in the oh companies around the world. And Legal Companies around the world. In the u. S. , we wont touch the products, one package it or distributed. In canada, one of our subsidiaries has a product. We are in the process of getting a license. Produce product tests process packages and distribute cannabis across canada. We heard about banks Offering Services to businesses where pot is legal. Is that a good thing you want to see . It is progress. It is not the progress we were hoping for. Banking has been a significant issue for us in the United States. It hasnt been a problem in canada and the u. S. It has. We have been kicked out of two banks and every time it is a long process. With our clients, i have been in the room full of a Million Dollars in cash and it is not a comfortable feeling. It feels wrong. It creates a target for crime. These companies are looking for bank accounts, thats it. Got going,ou and i you said you got a lot of proposals that come in. How big of an industry do you think this is . 3 million maybe for this year. Based on what you were saying on momentum and the types of businesses that are coming to you, how big of an industry do you think this is . You can look at it as a gray market and a black market. We dont divide it that way. We think about cannabis as an industry throughout the country. We size it about 40 50 billion. Almost 200 is million. How quickly does a ramp up to that . We will see conversion from to the legal market. It does make it legitimate. Of aan kennedy, the ceo Venture Capital firm investing in cannabis businesses. And major deal in the pharmaceutical. It is a big win for one wellknown investor. That is coming up. A big deal in the healthcare sector is a big win for karl ic ahn. Activist has agreed to buy force labradors forest labs. He stands to earn more than 1. 5 billion in gross profits. For more on what the deal means to the health care industry, i am joined when experienced Healthcare Investor and analyst. Row joining us is made to meg. Thiss interesting to watch because both of them went up to their. You see more and more of that. Shareholders are clearly rewarding buyers. You see with a Company Called valiant who does deal after deal. The target Company Stock is going to rise but when you see the buyer stock also rise, you know shareholders are onto this because the deals are creative. People are wondering where growth is going to come from and are doing deals, they are giving shareholders signals. They have to have products. So when they do a deal like this it is the bottom line right away. Right now investors are paying for growth. There are limited numbers of assets. The easiest way is to buy. You are starting to see investors rewarded and if investors incentivize acquisitions, youre going to see more of it. He has been a missed a busy man over the last few years. It is not his first time at the rodeo. He has them playing in this biotech space for some time. He got into this a long time ago. He has gotten into a series of biotechs. Basil the company for 20 billion a couple of years ago. This Top Healthcare investing executive. Is interesting seeing carl still in the stock, sticking with it. Six months after this new ceo comes in, he sells the company and that is a huge thing for him. What does this do for the pharam sma space . It continues the theme of consolidation. You see more deals in larger companies. You now need scale to compete and you will see more of this. In the largecap sectors, they are going the other direction. You are seeing a lot of tieups. What is that mean putting Certain Companies on our radar . Is or anyone in particular . Anyone who has product and is something that resembles a pipeline is a target. More companies today just these ares Rising Companies that people are watching that are in generics. These are companies. All the people are talking about it for a while. People were kind of speculating. Who wins . The pharmaceutical companies . Is a great time to be Healthcare Investor. I say investors when. In. Thank you for joining us. Still had, a city in north dakota gaining one new permit resident every four hours. Next. This is taking stock. Lets take a look at the headlines. Confidence among Home Builders plunged. Bad weather depressed sales. Sunk from 46 to 36. Cocacola posted fourthquarter forecast. Missed the the tonight show with jimmy fallon debuted to 11. 3 million people. This is the second biggest audience for the tonight show since 2009 when jay leno stepped down for the first time. Now to north dakota. The Shale Oil Boom is bringing prosperity and reason for pause in that state. The state added 1800 new millionaires just last year alone. An influx of permanent residents, about one every four hours in a city has put a strain on services and housing. North dakota is the most expensive place in the country to rent an apartment. Bathbedroom, one apartment can cost more than 2000 per month. With more how the city is coping with the changes, the honorary mayor joins us over the phone. Great to have you here. Talk to us about the changes. I was there about two years ago and it was crazy. Ever so much activity. Where are we today . The activity is still going on. I predict in this last year we probably increase our population about 20 . We have a lot of people coming here to find work. It is the land of opportunity. We really getthat faced with is finding Affordable Housing for them. What are you going to do about it because that was the problem two years ago . And theremany camps were developers Building Properties but it wasnt keeping up with demand. Two years later, it is still not keeping up with demand so what are you folks hoping to do here . We are working with developers. The city has to get the infrastructure in place. We had with the roads, the water, and the sewer in. We bonded for about 100 million this year just to keep ahead of that. Permittedt year we 1500 apartments. The Census Bureau has set the last two years we are to fastestgrowing city in the country. I dont think you could be the fastestgrowing and really keep up with what is happening. We are trying hard and continue to try hard and do the best we can. It still is an issue for us. When i was there i visit one of the local coffee shops and hung out with a bunch of folks. There were a group of locals that they do want to talk to me because they have seen us the booms before. Cautiousart of the Movement Forward in terms of developing real estate and infrastructure . It is, especially if you are an investor. The oil industry is the worst least cyclical is notoriously cyclical and that makes it more difficult for the investment that we need. Whether it will be a boom or bust, no one really knows that. It doesnt seem like it therell be a bust and in the near future. We are moving forward as if it is for real and that it will continue. Yet to make some projections before you make those big investments. Or do the necessary Municipal Bond offerings. What kind of expectations you have in terms of this boom cycle . We feel comfortable that it should last at least 20 years. We are drilling about 2000 wells a year that are going into production. We have about 40,000 wells to drill in the area. At the rate of 2000 units, it will take about 20 years. Technology has been Getting Better and improving so there are a lot of people who believe there will be more wells in that drill. That will remain to be seen. It being a Strong Economy for 20 years or so. Talk to me when you walk around because i remember when i was there, it was crazy. There were trucks everywhere. You couldnt find necessarily, there werent enough res