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.
Dispensaries in Washington raked in over $1 billion in non-medical marijuana sales since the drug was legalized for recreational use back in 2012. The state allows people to carry up to one ounce of marijuana, but they must require the drug for medicinal purposes in order to be eligible for a grower's license.
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.