Well sort of....
http://www.cnn.com/2012/12/05/us/was...ion/index.html
You can possess an oz of it legally, but it's only a state law. It's still illegal under federal law so the police aren't sure what to do about it right now.
Is it a move in the direction of full legalization and control of the substance similar to alcohol? Who knows, but I have my doubts.