The Chinese currency is called Renminbi (People's money), often abbreviated as RMB. Issued by the People's Bank of China, it is the sole legal tender for both the Chinese nationals and foreign tourists. The unit of Renminbi is yuan and the smaller, jiao and fen. The conversion among the three is: 1 yuan = 10 jiao =100 fen.
State-level proposals for the rescheduling of cannabis have met with mixed success. As of November 9, 2016, the use of both recreational and medicinal marijuana has been legalized in the states of Alaska, California, Colorado, Maine, Massachusetts, Nevada, Oregon, and Washington.
That's why other states should follow the example of Colorado and Washington and legalize the recreational use of marijuana. Harnessing the power of entrepreneurs is much more productive than fighting it. On January 1, Colorado legalized the sale of small amounts of marijuana for recreational use. Later this year, Washington will follow suit. Alaska, Arizona, California, D.C. and Oregon may be the next states to permit cannabis businesses.