ACKRELL CAPITAL Cannabis Investment Report | December 2017 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 DRUG Federal Laws BANKING Law Agricultural ANE) and Policies ht REGULATION Impacting the FINANCE of 2014 Cannabis Industry Bankruptcy Law Food, Drug, a INTELLECTUAL internal Cc tic Act Revenue om PROPERTY Code g Patent Trademark z Act Plant Act S Variety 2 Protection = Act 8 Controlled Substances Act The Controlled Substances Act (CSA) is a federal law enacted in 1970 that places strict legal controls on the manufacture, distribution, dispensing and possession of any controlled substance listed on one of five schedules established by the CSA. The CSA is enforced primarily by the U.S. Drug Enforcement Administration, an agency of the U.S. Department of Justice. A controlled substance may be man- ufactured, distributed or dispensed in accordance with the CSA only by a person properly registered 68 © 2017 Ackrell Capital, LLC | Member FINRA/SIPC HOUSE_OVERSIGHT_024704