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[DIGEST: Fortune, CBS, HuffPo]

Colorado’s legal marijuana industry has made good on its promises to improve the state’s economy and bring about positive change through sales taxes collected on medicinal and recreational cannabis. In just two years, legal cannabis has become a $1 billion industry in the western state, creating jobs, boosting tourism and decreasing the high costs of policing and incarceration. But it’s the smart ways in which Colorado is spending its pot tax windfall that is attracting the attention of states that are facing budget shortfalls.  

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