Will marijuana be legalized in Texas?

If there's money to be made by doing so, I wouldn't bet against it. Political forces seem to be slowly lining up - including conservative ones - that could make a push to at least decriminalize it. File this under public policy, in addition to interest groups.

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Former FEMA director Joe Allbaugh, who took the reins of Gov. Rick Perry’s 2012 presidential campaign just as it was going into a nosedive, has jumped into a potentially more stable and long-term endeavor: legal marijuana.

Allbaugh is an investor in and board director of Colorado-based CannLabs, which calls itself “a leader in cannabis innovation” and specializes in the testing of pot potency and quality.

The company already has a major presence in Colorado, recently expanded into Connecticut and is positioning itself to take advantage of what could be exponential growth in the legal weed business across the country.

Allbaugh is a conservative Republican who served as chief of staff to then-Gov. George W. Bush and then managed his 2000 presidential campaign. He heads up Allbaugh International Group, a consulting firm with offices in Washington, D.C., and Austin.