Washington (CNN) Georgia is on the verge of legalizing medical marijuana after the state assembly passed a bill that would allow for the in-state sale and production of the drug for medicinal purposes.

Cody Hall, a spokesman for Republican Gov. Brian Kemp, said Wednesday morning he'll sign the bill into law.

The legislation, HB 324, closes loopholes created from a 2015 act that legalized the use of low-THC cannabis oil for certain medical conditions but did not allow for the growing, selling or possession of the oil in the state.

The new bill would allow for the "production, manufacturing, and dispensing" as well as the possession of low-THC cannabis oil in Georgia. It would also set up a state commission to oversee the industry and license universities and private companies that could produce the oil. The bill would also allow the state to license pharmacies and private companies that would sell low-THC cannabis oil to medical marijuana patients.

The bill does not legalize the use of recreational marijuana in the state, nor does it allow smoking or consuming marijuana.

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