It's just a myth arising from incorrect data that connected thujone (a chemical used in small quantities in absinthe) to THC, the active chemical in marijuana. However, absinthe does have a slightly different effect than regular alcohol due to its balance of various herbs, including wormwood.

From a vendor: "Absinthe's constituents consist of a very delicate balance of various herbs, most of which contribute in one way or another to its intoxicating effects. It is a push-me, pull-you effect of the various herbs, as some are of an heightening effect, and others are lowering. The effect on the individual is subjective, and can best be described as a kind of heightened clarity of mind and vision, mildly ponderous and sparkling, and warmed by the effect of the alcohol. This seems to wear off after 20 or 30 minutes, leaving one with an alcohol buzz."

Me though, I always have a hard time differentiating between whether I've reached that "mildly ponderous and sparkling" state or if I'm just drunk.
Source(s):
A few years in Holland

http://www.originalabsinthe.com/absinthe_faq.php#2


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