Ackrell Capital Executive Summary outlines federal legal landscape affecting cannabis industry

ACKRELL CAPITAL CHAPTER! Executive Summary has prevented allocated funds from being used to prosecute conduct that complies with state medical cannabis laws. And recent developments indicate the federal government may be pursuing policies and practices that create space for cannabis research and approval of cannabis-derived drugs. The following chart shows three general areas of federal law that impact the cannabis indus- try—food and drug regulation, banking and finance, and intellectual property—as well as specific laws and federal policies related to each area. (We expand on these laws, regulations and policies in Chapter IV, U.S. Legal Landscape.) Federal Laws and Policies Impacting the Cannabis Industry Justice Department Cole Memo Bank Secrecy Act Controlled and Financial Substances Transaction Act Laws Treasury Department Rohrabacher- FinCEN Memo Blumenauer Amendment Securities petites Federal Laws ND baw ; and Policies Agricultural g ie REGULATION Impacting the FINANCE of 2014 Cannabis Industry Bankruptcy Law Food, Drug, and INTELLECTUAL internal Cc tic Act Revenue esmene wt PROPERTY Code g Patent Trademark z Plant Act S$ Variety 2 Protection S Act 3 © 2017 Ackrell Capital, LLC | Member FINRA/SIPC 5 HOUSE_OVERSIGHT_024641