And thousands of families that survived sandy say they have been hit by a second wave of fraud. I was like, how can you tell me that youre not going to cover this, that im not going to get the full amount of my insurance . I says, you got my payments every month. Alfonsi tonight, an investigation into why so many families didnt get the help they deserved and what is being done about it. So, are you going to make it right . Kroft very few actors have ever had a year like the one Bradley Cooper is having. Hi kroft in hollywood, there was all the hoopla for his third oscar nomination in as many years for his performance in american sniper. Shes got a grenade. Shes got an rkg, russian grenade. Kroft across the continent in new york, he was the toast of broadway in the elephant man, where his life is a little simpler. No paparazzi, people dont bug you . No, they get. They get me on the way from where i live to the. To the subway station. But for some reason, they dont want to spend the 2. 50 and ride the subway with me. So, i lose them in the subway. Im steve kroft. Im lesley stahl. Im morley safer. Im bill whitaker. Im sharyn alfonsi. Im scott pelley. Those stories tonight on 60 minutes. Cbs money watch update sponsored by lincoln financial. Calling all chief life officers. Glor good evening. The embattled c. E. O. S of Deutsche Bank announced their resignations today and will be replaced. Netflix will launch in italy spain and portugal this fall and its believed the triple crown winner American Pharoah could generate up to 100 million in breeding fees. Im jeff glor, cbs news. Thanks for calling angies list. How may i help you . I heard i could call angies list if i needed work done around my house at a fair price. You heard right, just tell us what you need done and well find a top rated provider to take care of it. So i could get a faulty light switch fixed . Yup or have a guy refinish my floors . Absolutely or send someone out to groom my pookie . Pookies what you call your . My dog. Yes, we can do that. Real help from real people. Come see what the new angies list can do for you. Ah i. I. I got bit by a snake. Poison . Oh god. Oh wow. Ok, yeah. I feel that. Thats definitely poison. Apparently im immune to venom. Immune to venom . Immune to venom . Immune, steve. Whitaker visit colorado these days and you can smell change in the air. Its the scent of Legal Marijuana for recreational use. If youre a resident 21 or older, you can walk into a statelicensed store and buy up to an ounce of pot. Tourists are limited to a quarterounce. Colorado has allowed medical marijuana since 2001. But in 2012, voters amended the state constitution to allow recreational pot, and gave the government one year to make it work. Colorados governor calls it the most ambitious social experiment of the 21st century. Three other states also have approved recreational sales. But, as we first reported in january, none has gone further or faster into the legal retail weed business than colorado. We wanted to know how the experiment is going, so we headed to denver, the epicenter of a Marijuana Industry thats now in full bloom. Welcome to the mile high city, where marijuana, long a symbol of the counter culture, now is just a part of everyday culture. Its a thursday night in downtown denver, and we were invited to a marijuana food and wine pairing catering to young professionals. You might expect to see the band toking up, but here everybody is. The food is sprinkled with marijuana, the wine infused with a strain called killer queen. Budtender leo dunaev selected it for the evening. Leo dunaev because of the mellowness of the strain, there isnt any kind of anxiety attached to it, so thats why we have such a crowd of happy and fantastic people. And what were doing there, with that machine, is. It creates smoke that is cooled to minus ten degrees. And that smoke is then blown into this glass. And that allows the wine to open up and really bring in the fruitforward qualities of it. Whitaker those who might remember pot from the 70s the marijuana grown and sold in colorado today is up to ten times stronger. Theres a healthy appetite for the Rocky Mountain high, and no shortage of stores to supply the demand. Theres the corner store in denver. 1. 73. Whitaker . A highend boutique in aspen right around the corner from prada and gucci. Colorado has licensed more than 300 recreational dispensaries, ringing up 303 million in sales last year; 52 million in tax revenue. This is a lot of pot. This is industrial scale. Meg sanders it is. Whitaker how many rooms like this do you have . Sanders when were fully finished with our construction well have 12 like this. Whitaker meg sanders is a new breed of cannabis c. E. O. Driven to push marijuana into the mainstream. A suburban mother of two, she left a private equity firm to run mindful, a chain of four Retail Stores that sells recreational and medicinal pot. All of this is legal. Thats just mindblowing. Sanders it is. Whitaker meg, did you ever think you would be here doing this . Sanders no, never in a million years. I was working in a small financial office, and there just wasnt a lot of upward growth. And what better opportunity than to jump into a fledgling industry, something that well never see again in our lifetime. Whitaker her 44,000square foot marijuana factory is cutting edge. Automated water and nutrient systems feed the plants. Lighting mimics the seasons so plants can be harvested year round. All this in a warehouse right across the street from a Denver Police station. 60 mindful employees cultivate trim, and package up to 500 pounds of marijuana every month. This is not somebodys backyard. This is not some stoners basement. This is a big business. Sanders this is industrial agriculture, absolutely. Commercial. Commercial grow right here. Whitaker all of this still is illegal at the federal level. The Justice Department is watching closely. The feds say they wont intervene as long as colorados recreational pot doesnt fall into the hands of kids or criminals, or cross state lines. With marijuanas growing acceptance in colorado, sanders says shes comfortable as a cannabis capitalist. Sanders i have a massive engineering feat for you. Alijah smith all right. Whitaker her 24yearold son alijah works with her at mindful. She says parents at her daughters middle school seem more curious than critical of her business. Do you have any concerns that your job is sending the wrong signal to your 13yearold daughter . Sanders im not concerned about that. Whitaker at all . Sanders im not. This isnt Carte Blanche oh because i work here, everybody should have access to it, and that includes her. We have very good conversations about it. She knows. She knows. Whitaker i mean, you say youre a business person. I think some parents would look at this and say, shes just peddling drugs. Sanders i can tell you that the drug dealer. Illegal drug dealer on the corner in any state in this nation isnt carding, isnt checking your i. D. , isnt making sure you have a medical marijuana card or youre over 21. This industry does it every day the stats show it. Weve done a phenomenal job. Whitaker mindful expects to rake in 18 million this year, but its not easy money. Colorado requires every plant grown by a licensed operator to be tracked from seed to sale. Each one has a barcoded radio frequency i. D. Tag and is logged into a statewide database. Cameras watch it all. The goal is to keep every bud and bit off the black market. Greenwood Village Police chief john jackson isnt sold. John jackson Law Enforcement is really trying to do the right thing here. Its different, and its requiring a mind change or shift on our part. Whitaker jackson is president of the Colorado Association of chiefs of police. He says theres still illegal pot on the streets from underground dealers who dont have to levy 28 in state taxes. Jackson theres a common belief that, by legalizing it, you will get rid of the black market. I can resoundly say that the black market is alive and doing well. Whitaker its still cheaper to buy it from the. The dealer on the street than to buy it in the store . Jackson certainly. You know, weve created an entire industry here. And im going to be honest with you there are some very responsible people that are involved. And its like anything else in society. Youve got a few people that are really making it hard for the others, and maybe use colorado as a platform to simply provide their marijuana to the rest of the country. Whitaker this is what hes talking about. In october, Denver Police and the d. E. A. Raided several warehouse operations that were allegedly growing marijuana destined for out of state. Neighbors nebraska and oklahoma are suing to have the u. S. Supreme court declare colorados recreational pot market unconstitutional, claiming marijuana is crossing their borders. Its too early to say if other problems are taking root. Colorado is just now starting to collect and analyze data on pots impact on the state. Andrew freedman i do worry about if we are irreparably harming colorado. And its. Its something that will take years to suss out. Whitaker this babyfaced 31 yearold, andrew freedman, is colorados marijuana czar. Hes a harvard law grad, hand picked by Colorado Governor John Hickenlooper to oversee the rollout of legalized recreational pot. There is no roadmap. I mean, you guys are racing ahead at, you know, 1,000 miles an hour, and youre trying to work this out on the fly. How do you do that . Freedman its an unbelievable challenge. Within one year, we wanted to get our culture up to speed. What is the right amount to imbibe or to smoke and drive . Whats appropriate around kids . Whats appropriate in public . And society had never weighed in on these things before. Okay, anything else on caregivers . Black market, gray market where were going on it . Whitaker he regularly calls together the Department Heads of revenue, health, education all the state agencies involved with marijuana trying to balance the demands of the people with Public Safety and the law. Its legal here, but outside of colorado, its still illegal. Its a federally illegal drug. How do you square those two . Freedman well, it is a round peg in a square hole. It takes everybody being creative in ways they havent been creative before, and knowing that, at any time, the federal government could come and shut us down, tell us that what were doing is illegal in their eyes. Whitaker you still think thats possible . Freedman sure. Its completely possible that, in a few years, somebody comes around and says. A new president says, were not okay with you doing this. Whitaker they know theyre under a microscope. Thats why colorado was quick to act when it bit into trouble with edibles marijuana candies, cookies, and other infused foods. Just three months into legalization, a 19yearold College Student visiting denver leapt to his death from a Hotel Balcony after eating a potlaced cookie. The coroners reported noted marijuana intoxication as a significant contributing factor. Freedman i think one of the things we didnt see coming was that people were going to overdose on edibles. And were not going to try to hide that problem. New rules and regulations came out faster than i think you ever see State Government do something. Whitaker new rules placed immediate limits on the amount of t. H. C. , marijuanas major psychoactive ingredient, allowed in edibles, and required new labeling detailing the potency of each serving. But the biggest cloud over the industry is banking. As long as the federal government continues to count pot proceeds as illegal drug money, most banks wont touch it. So colorados billiondollar Marijuana Industry is conducted almost entirely in cash. Thats why meg sanders keeps a twoton safe. So, your payroll was in cash . Sanders payroll, rent. Whitaker taxes . Sanders taxes, licensing fees, home depot, vendors, you name it, our. Our electrician, absolutely. Whitaker all in cash . Sanders absolutely. From a Public Safety standpoint, its definitely the number one issue that this industry faces. John hickenlooper if you want to guarantee that a fledgling industry becomes corrupt and. And, you know becomes populated with gang activity, make it all cash right. Thats as old as al capone right. Cash creates corruption. Whitaker Colorado Governor John Hickenlooper says a partial solution might be a new state chartered cannabis credit union. Hes urging the federal government to approve it. Still, despite the problems, governor hickenlooper says hes encouraged by the rollout of this green experiment colorado voters wanted. In the beginning, you didnt think it was a good idea . Hickenlooper no, i opposed it, you know, and i opposed it and i think even after the election, if id had a magic wand and i could wave the wand i probably wouldve reversed it and. And had the initiative fail. But now, i look at it and im. Im not so sure id do that, even if i had such a wand. I mean, i think weve made a lot of progress. And, you know, still a lot of work to be done. But i think we might actually create a system that. That can work. All right, i will have an eighth of that. Whitaker meg sanders says marijuana is good for business. Thats pretty groovy, dude. Whitaker . And good for colorado. Are you seeing a marijuana effect on the economy here . Sanders absolutely. You cant find an empty warehouse in the city of denver, really. I mean, you just cant. And then, think of the ripple effect. I mean, we affect a ton of businesses security, marketing, you know, web hosting. You name. Were a business just like anybody else. We have the same needs. Whitaker today, you can walk into a mindful dispensary and buy a joint like this for only 10. Business is good. Sanders is planning to expand. Sanders were creating. Were saying, please, trust us. We know that we can do this right. Whitaker i do remember, when this was rolled out, everyone thought that. That the sky was going to fall. Sanders its still there. laughs it didnt fall. And business is thriving. And the customers are still coming through the door. So clearly, if im looking at my business and im looking at those around me, the consumer is saying, yeah, this works. Whitaker since our story first aired, at least three more lawsuits have been filed in federal court to stop colorados recreational sales. But the market continues to grow. The latest figures show consumers bought 43 million worth of recreational pot in march, a new monthly high. Meet joel and Lisa Schneider of bud and breakfast at 60minutesovertime. Com. Sponsored by pfizer. Your body was made for Better Things than the pain, stiffness and joint damage of moderate to severe rheumatoid arthritis. Before you and your rheumatologist decide on a biologic ask if xeljanz is right for you. Xeljanz is a small pill, not an injection or infusion for adults with moderate to severe ra for whom methotrexate did not work well. Xeljanz can relieve ra symptoms and help stop further joint damage. Xeljanz can lower your ability to fight infections, including tuberculosis. Serious, sometimes fatal infections and cancers have happened in patients taking xeljanz. Dont start xeljanz if you have any infection unless ok with your doctor. Tears in the stomach or intestines, low blood cell counts and higher liver tests and cholesterol levels have happened. Your doctor should perform blood tests before you start and while taking xeljanz and routinely check certain liver tests. Tell your doctor if you have been to a region where fungal infections are common, and if you have had tb hepatitis b or c, or are prone to infections. Tell your doctor about all the medicines you take. One pill, twice daily, xeljanz can reduce ra pain and help stop further joint damage even without methotrexate. Ask your rheumatologist about xeljanz. I like my seafood like i like my vacations tropical. And during red lobsters island escape, three new tropical dishes take me straight to the islands. So im diving forkfirst into the lobster and shrimp in paradise, with pankocrusted lobster tail and jumbo shrimp in captain morgan barbecue glaze. Or the ultimate island seafood feast, with tender crab woodgrilled lobster and two islandinspired flavors of jumbo shrimp. Because a summer without tropical flavors might as well be winter. This escape is too good to miss so. Dont. To feel this special. You need to eat this special. Start your day. With 150 nourishing calories in a bowl of special k. Eat special, feel special. New flonase allergy relief nasal spray. This changes everything. Flonase is the 24 hour relief that outperforms a leading allergy pill. When we breathe in allergens our bodies react by overproducing six key inflammatory substances that cause our symptoms. Most allergy pills only control one substance, flonase controls six. And 6 is greater than 1. So go ahead, inhale life, excite your senses, seize the day and the night. New flonase. 6 is greater than 1. This changes everything. Alfonsi when Hurricane Sandy made its way towards the east coast in the fall of 2012, residents knew it could be devastating. What they didnt expect was just how bad sandy turned out to be 117 deaths, and damage estimated at more than 60 billion, second only to katrina. More than twoandahalf years later, sandy victims have been hit by Something Else they didnt expect the storm after the storm. As we first reported in march, many people say they have been cheated out of their insurance claims. Thousands of claims have still not been resolved, and there is evidence that many homeowners were victims of what appears to be widescale fraud, where original damage reports were later changed to make it look like the damage wasnt as bad. Making matters worse, appeals to the federal agency in charge of all of this, fema, went nowhere. Hurricane sandy damaged or destroyed hundreds of thousands of homes and rearranged neighborhoods. Long beach, new york, was one of them. This was bob kaibles house the next day. The yellow one, with a sand dune blocking his front door. Kaible the beaches decided that they didnt want to be there anymore and they came to pay a visit. And thats what happened. And we got back to the house and we were devastated. Alfonsi what was that like to walk into your house for t