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The new Cannabis plant variety ‘V1’ is provided. ‘V1’ is intended for use as medicinal herb for sale in Cannabis dispensaries and for use in the manufacture of medicinal and recreational products. The variety can be distinguished by its outstanding features of increased production of tetrahydrocannabivarin (THCV) to a greater amount by percent weight than tetrahydrocannabinol (THC) and production of the unique terpene, farnesene.