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U.S. Legalized Cannabis Market $140,000 Path to Federal Legalization 70M $120,000 FDA Approves Cannabis-Derived Pharmaceuticals 60M More States Adopt Medical Cannabis Laws $100,000 : 50M More States Adopt Recreational Laws = 3 ‘@ $80,000 FDA Routinely Approves CBD Drugs 40M g 2 a" = FDA Routinely Approves THC Drugs 2 # $60,000 30M B Federal Government Legalizes Cannabis 3 $40,000 20M ° $20,000 10M so | ee OM 2016 2017 2018 2019 2020 2021 2022 2023 2024 2025 2026 2027 2028 2029 2030 | | | Legalized Cannabis Market Size === Consumers Source: Ackrell Capital. Assumes cannabis will be legalized federally by 2027. Cannabis may never be legalized federally in the United States. Cannabis Industry Segments E rroaveron d Business Business a aie an Software Services Supplies Distribution Digital Media Online Content Online and Networking Directories Consumer Products Vaporizers and Accessories Ll Involves “touching the plant” [] Does not involve “touching the plant” © 2017 Ackrell Capital, LLC | Member FINRA/SIPC HOUSE_OVERSIGHT_024634