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Typically, cannabis plants can produce buds or flowers that have a high level of THC. Hemp plants tend to have very little THC in them. However, that doesn't mean there is no THC or that the hemp plants couldn't be modified to contain more THC.
Mark Singleton, the owner of Singleton Investments said, "This removes the argument of .3% THC." He is referring to the designation that hemp-derived CBD is legal as long as there is less than .3% THC. If hemp THC is legal then it doesn't matter whether it is .3% or not.
This year wasn’t necessarily revolutionary when it comes to marijuana in America, but it was a year marked by numerous states continuing to push the legalization efforts of their neighbors. But supporters still say it was a sea-changing year, in part because between Jeff Sessions being removed as attorney general and the first midwestern state voting to legalize recreational marijuana.
“I think 2018 was the year it crested,” Rep. Earl Blumenauer (D-OR) tells Rolling Stone. “It was a terrific year.”
State lawmakers on Wednesday presented the latest plan to legalize recreational marijuana for people at least 21 years old.
Discussion on the joint Democrat-led Assembly and Senate committee is anticipated to begin on Nov. 26.
The proposal includes a 12-percent tax rate on cannabis. The 12-percent rate also is subject to the state’s current 6.625-percent sales tax and allows municipal governments to establish up to a 2-percent tax.