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ELL TAL 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 AND FOOD and Policies AND “patina REGULATION FINANCE Cc’ of 2014 Impacting the Cannabis Industry Bankruptcy Law Food, Drug, and Cosmetic Act Internal INTELLECTUAL Revenue PROPERTY Code Patent Trademark Act Plant Act Variety Protection Act © 2017 Ackrell Capital, LLC 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