Colorado, Legalizing Pot | featured news

Entrepreneurs ramp up after the state's voters approved a constitutional amendment legalizing recreational use of marijuana... Two hedge-fund partners — monogrammed shirts, taut Windsor knots, cuff links — step into a hipster cafe called Sputnik on an unorthodox mission.

If a California company has its way, recreational marijuana users in Colorado and Washington state will one day be able to get their pot out of vending machines.

On Monday afternoon, in a conference room off Colfax Avenue in suburban Denver, two dozen members of a government task force will gather to begin hashing out the details of how to create a market for legal, recreational marijuana in the state.

President Barack Obama says he won't go after Washington state and Colorado for legalizing marijuana.<p/>In a Barbara Walters interview airing Friday on ABC, Obama is asked whether he supports making pot legal. He says - quote - "I wouldn't go that far."

Efforts to legalize marijuana for recreational use are gaining momentum in Washington state and Colorado, despite fierce opposition from the federal government and a decades-long cultural battle over America's most commonly used illicit drug.