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tv   The Profit  CNBC  January 14, 2020 10:00pm-10:05pm EST

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yes. amazing. okay, now that she's gone, you realize you bought a garbage bag with a string on it. oh! you know what? step in here. i'm gonna pull a houdini. here's a special sneak peek. "the profit: flood town. >> the reason that i wanted to come to the mississippi river is as i think about it, it almost feels like the most-important freeway in america right, it goes from minnesota all the way down to new orleans. it's how farmers transport things it's how ships get up and down throughout the country, and it's, quite, maybe even a more efficient way to travel. what i wanted to understand is how this river is being impacted by natural disasters
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>> now, it's been seven weeks since the mississippi river flooded this town. and what i saw shocked me. >> i mean, look. talk about devastating where this road is, there's a boat >> i'm along main street here in grafton and i've got to show you this right now, many homes and businesses are flooded, including the popular loading dock restaurant. >> this town relies on summer business to keep it alive. we're a third through the summer water is 30 feet plus high and this has been here for almost seven weeks they haven't experienced any commerce >> reporter: grafton mayor rick everland is in the fight of his life trying to hold back the mississippi river floodwaters from swallowing up his town. >> i wanted to understand how people in this community have been affected and how i can help this town get back on its feet >> hi, there >> hi, marcus. >> how are you >> i'm good. >> what's your name?
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>> rick. >> are you the mayor >> i'm the mayor >> how long have you been the mayor? >> two plus years now. >> first flood you've had? >> fourth flood i've had >> okay. you had the governor here yesterday? >> we had the governor here. this is a crisis >> what makes it a crisis or not a crisis the level of water >> level of water, the businesses affected. there are 80% off on their revenues from last year or 100% in the case with some of them that they haven't been able to open >> they make their acorns right now. >> right now, yeah >> grafton's economy relies heavily on tourism and an 80% loss of revenue to any business is enough to force them to close their doors. >> can some of them not make it? >> i would guess as much i've had those calls that have expressed if they don't get some sort of assistance, they will go belly up >> this is a business right here >> this is a business. >> what was it a barbecue joint >> a biker bar and it's packed on the weekends. the average graftonian, you
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know, they got tired of fighting this and took buyouts and walked away >> buyouts from who? >> federal government. and that's what's hurting grafton now. >> jesus, look at that >> you have these properties that we can never do anything with as a city >> why >> because that's the guidelines once you accept a buyout, they can never be commercialized again. >> can you buy them back from the government >> you can't buy them back and that's all we want >> when they have a flood, fema, the federal emergency management agency, comes in and buys properties from the property owner and then the federal government owns the property and locally, nothing can be done with it. i'm looking at house after house, business after business, that are closed and underwater and wondering if fema buys all of these properties, what's left of the town? >> we don't want handouts here we just want a helping hand.
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>> it's okay >> this emotional moment was pretty pivotal, because i never intended to stay in grafton and make this a summer-long project. but as i sit here with the mayor and i see the sincerity, it really does prompt me to think, who's going to take the initiative how do these towns work? is this just going to become a ghost town >> it's been a strain. >> "the profit," next tuesday, 10:00 eastern, cnbc. get yours.
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lemonis: tonight, we're going to california. more than just scenic, sunny, and trend-setting, the golden state is also the greenest. man: we're ending prohibition and we're mainstreaming pot. damian: there's blue dream, gorilla glue, sour banana, green crack. lemonis: why do i think green crack is more potent than sour banana? medical marijuana has been legal here for years. but now, the game changer -- proposition 64. woman: marijuana is now legal in california. lemonis: soon, any adult will be able to buy weed. did the vote passing increase the odds of you becoming a billionaire some day? adrian: absolutely. lemonis: my name is marcus lemonis. on my show, "the profit," i invest my own money

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