Marijuana concentrates apply to any product procured through a cannabinoid extraction process. Majority of concentrate producers use a process that involves stripping the essential oils of the cannabis plant using a solvent (butane, CO2, ethanol), leaving behind a product that is packed with cannabinoids in every drop. 

In fact, some extracts have THC levels as high as 80%. There are several types of concentrates available on the market, from kief to water hash to the most common type of extract, BHO (also known as wax or shatter).
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