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.
There are nine state ballot measures regarding the legalization of marijuana that will be voted on this November. Five states will vote to legalize recreational marijuana, while the other four states are voting on legalizing medicinal marijuana. Arizona, California, Maine, Massachusetts and Nevada are all looking to legalize recreational marijuana. Arkansas, Florida, Montana and North Dakota are proposing medical marijuana legislation. Equity research firm Cowen & Co. said that if all five recreational measures pass, If a.