California set for New Year's buzz with recreational marijuana sales

California adults not content to ring in the New Year with the traditional fizz of champagne can look forward to celebrating with the buzz of marijuana, purchased for the first time from state-licensed retailers of recreational pot. Dozens of newly authorized marijuana stores are due to open for business across California on Jan. 1, launching yet another chapter in America's drug culture and the largest regulated commercial market for cannabis in the United States - one valued at several billion dollars. Newly permitted retailers will rely on a hodge-podge of marijuana producers in the state's illicit "gray market" to stock their shelves for the next six months, until state-licensed growers can harvest their first crops.

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