The world’s first state-licensed cannabis retailers will open their doors in Colorado this week after new laws go into effect on January 1, 2014. New state regulations permit the recreational and medicinal consumption of marijuana sold through approved retail locations.

Government officials and citizens around the world will be watching the move to see how it ends up affecting the number of people consumer cannabis and the tax revenues resulting from the legalization of the drug. Meanwhile, many retailers are planning for strong sales on Wednesday if only for the novelty of purchasing drugs legally for the first time.

Read full coverage on here: