ACKRELL CAPITAL CHAPTER IV_ U.S. Legal Landscape Monthly Marijuana-Related SAR Filings 1600 1400 ; 1200 T™~ : 1000 800 ~ f 600 — 400 ~~ 200 ° ; ; 0 Q2 2014 Q4 2014 Q2 2015 Q4 2015 Q2 2016 Q4 2016 Q2 2017 mmm Limited mmm Priority mmm Termination Depository Institutions Making Marijuana-Related SAR Filings 330 300 250 = 200 - 150 J 100 2 0 Q2 2014 Q4 2014 Q2 2015 Q4 2015 Q2 2016 Q4 2016 Q2 2017 Ml Banks M8 Credit Unions Source: Financial Crimes Enforcement Network The upward trend in the frequency of marijuana-related SAR filings, as well as the growing number of depository institutions making such filings, indicate cannabis businesses increasingly are accessing the federal banking system despite federal law. © 2017 Ackrell Capital, LLC | Member FINRA/SIPC 79 HOUSE_OVERSIGHT_024715