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Colorado, a mountainous US state better known for skiing and trout fishing, has been a trailblazer in pot policy. In a Rocky Mountain high, it was the first US state to “go legal”, allowing the production and sale of marijuana for recreational and medical use. That seems to be paying dividends. State coffers, for a start, have had an additional source of revenue. Total sales since legalisation in 2014 have amounted to $7.6-billion, according to the Colorado Department of Revenue. From that, more than $1.2-billion in tax and licensing revenue has been collected — and counting. SA and legal cannabis: profits should be reaped, but like any industry, there are also risks

thumbnail courtesy of dailymaverick.co.za