Pronouns

Can you use a word with a specific meaning then use a pronoun which refers back to that same word (the antecedent) but with a different meaning? For example: It is valid in english to say, "I do not smoke grass, I just cut it"? So the first reference of "grass" means marijuana, while the antecedent of the pronoun "it" refers to "grass" but with the meaning of the plant.