It's high time Britain took a serious look at investing in marijuana

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What could be Britain’s highest growth industry of the next decade? There is no shortage of plausible candidates. Driver-less cars could turn into a vast new industry for the first country to get its roads and legal system ready for them. 

Robotics has the potential to be far bigger than computing, given the range of tasks that machines driven by artificial intelligence could perform. Biotechnology has been around for a couple of decades, without quite living up to its hype, but no country has a stronger tradition in medical technology than the UK, and could yet make some stunning breakthroughs.

But if we decided we wanted it, it could be something that no one is thinking of right now. Legalised marijuana. In the United States, the drug is being gradually legalised state by state. Slowly, some figures are starting to emerge on the economic impact of that – and it is...

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