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Bolt CEO says he let go of his entire HR team for creating problems that didn’t exist: ‘Those problems disappeared when I let them go’ 

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Despite a $500 million net worth, Shaq just finished his fourth degree. He warns graduates: 'Your character will take you further than your resume'

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Meet a 21-year-old community college student who's going to China as the first American woman welder in the trades Olympics

Marijuana’s new market

Fortune Editors
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Fortune Editors
Fortune Editors
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Fortune Editors
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Fortune Editors
Fortune Editors
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December 20, 2012, 10:00 AM ET

The nation’s favorite illegal drug is (kind of, maybe, sometimes) legal: After residents of Washington State and Colorado voted in marijuana legislation more liberal than Amsterdam’s, the plant has become a substance no more controlled than liquor. A booming industry is emergent; just don’t expect to see owners of dispensaries dancing in the streets — after all, they’re still breaking federal law. Below, a state-by-state look at the tax revenue potentially generated by legalization, the drug’s for-sale status, and three successful startups.

This story is from the December 24, 2012 issue of Fortune.

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