EFTA00797069Set 9
2017-12-28186p61,016w
ACKRELL 2018 CANNABIS
CAPI TA L INVESTMENT REPORT
GLOBAL CANNABIS CONSUMERS
Contents • The United Nations recently estimated that more than 180 million people
Foreword globally between the ages ... more than 4% of this age group,
consume cannabis annually.
I Executive Summary
II Cannabis Science 101 • At least 20 countries have implemented medical cannabis laws, including
III Cannabis Industry ... Legal Landscape include China, Japan, Russia and the United States.
V Global Cannabis Regulation
VI U.S. and International Cannabis Market Estimates • Although federally illegal in the United States, 46 states
https://www.justice.gov/epstein/files/DataSet%209/EFTA00797069.pdf
EFTA00796608Set 9
16p2,771w
RISK FACTORS
Risks Related to Federal Prohibition
• The manufacture, distribution, dispensing and possession of cannabis in any form is illegal under federal law
• The federal government could choose ... could result in business assets being
seized or the arrest and criminal prosecution of cannabis company principals, employees, agents and investors
• The federal prohibition of cannabis precludes interstate commerce ... cannabis
• Federal income tax regulations do not allow businesses that traffic in cannabis to deduct certain operating expenses
for income tax purposes, resulting in higher effective tax federal income rates
https://www.justice.gov/epstein/files/DataSet%209/EFTA00796608.pdf
EFTA01032816Set 9
2019-02-202p324w
summary the law is:
The law, known as the Medical Cannabis Patient Care Act (MCPCA), will also create a new medical
cannabis tourism industry by allowing patients from states ... countries with regulated markets
to access Virgin Islands medical cannabis for a fee and, according to the statute, "allow non-
cannabis patients worldwide to visit the Virgin Islands and receive ... cannabis therapy as part of an
in-patient program."
Three classes of cultivation will be allowed:
Patients and caregivers will be permitted to grow a small quantity for personal
https://www.justice.gov/epstein/files/DataSet%209/EFTA01032816.pdf
EFTA00631765Set 9
2017-08-174p631w
America for the
after joint committee approves International Fellowship of Christians and Jews.
medical cannabis exports
Venezuelan Jews fleeing turmoil get
Top Israeli, American experts 'lifeline' in Israel, encounter ... BACK TO ARTICLE INDEX
Israel expects high profits after
joint committee approves medical
cannabis exports
By Adam AbramslJNS.org
Israel stands to generate large profits from its burgeoning
medical cannabis industry ... state could reportedly earn up to $4 billion annually in revenue
from medical cannabis exportation. Saul Kaye, CEO of the
iCAN: Israel-Cannabis organization, told JNS.org the Israeli
governments move
https://www.justice.gov/epstein/files/DataSet%209/EFTA00631765.pdf
EFTA01014256Set 9
2018-12-052p494w
From: David Stern <I
To: Jeffrey Epstein <jeevacation(rgmail.com>
Subject: Fwd: Ackrell Cannabis Investment Fund
Date: Wed, 05 Dec 2018 23:57:27 +0000
Attachments: ACV_Opportunistic_Fund_h_LP_Presentation.pdf
Begin forwarded message:
From ... December 2018 at 04:22:44 GMT+8
To: David Stern <
Subject: Ackrell Cannabis Investment Fund
Hi David, I hope you're well.
I wanted to reconnect and share with ... introductory materials regarding our investment fund. Since taking over our
cannabis investment banking practice in March of last year, I have spent the time transitioning our business to later
stage
https://www.justice.gov/epstein/files/DataSet%209/EFTA01014256.pdf
EFTA00135998Set 9
2020-07-2252p26,132w
Among Agencies Involved In Search For Missing Iowa Girl.
• DEA, FBI Involved With Cannabis-Related Operation In Maine.
• First Person Arrested As Result Of DOJ Operation Facing Drug Charge.
Financial ... this, and of course, immediately we all
started working together.'
DEA, FBI Involved With Cannabis-Related Operation In Maine.
An online WCSH-TV <https://www.newscentermaine.corn/article/news/crime/fbi-dea-law-enforcement-
investigate-farmington-cannabis-businesses ... Maine on
Tuesday, when law enforcement workers "swarmed the area" in which two cannabis businesses are located in the
town of Farmington. Kristen Setera, an FBI spokesperson, said those
https://www.justice.gov/epstein/files/DataSet%209/EFTA00135998.pdf
EFTA00064699Set 9
2020-07-1016p9,402w
250K Fine To Mass. Pot Board," Unattributed, July 09, 2020, 6:13
PM
Massachusetts' Cannabis Control Commission voted Thursday to approve a settlement with an Acreage
Holdings subsidiary, under which ... Fines Cos. $550K Over Pesticide Violations," Unattributed, July 09, 2020,
5:06 PM
Massachusetts cannabis regulators approved settlements with 4Front Ventures and another marijuana
company Thursday over ... intermediaries in insurers' transactions with pharmacies. Continue
Reading]
Law360: "Pomerantz Nabs Lead Role In Cannabis Stock-Drop Suit," Lauren Berg, July 09, 2020, 4:30 PM
A New York federal
https://www.justice.gov/epstein/files/DataSet%209/EFTA00064699.pdf
EFTA01658203Set 10
2020-07-2243p25,543w
Among Agencies Involved In Search For Missing Iowa Girl.
• DEA, FBI Involved With Cannabis-Related Operation In Maine.
• First Person Arrested As Result Of DO) Operation Facing Drug Charge.
FINANCIAL ... this, and of
course, immediately we all started working together"
DEA, FBI Involved With Cannabis-Related Operation In Maine.
An online WCSH-TV Portland, ME (7/21) report says ... Maine on
Tuesday, when law enforcement workers "swarmed the area" in which two cannabis businesses
are located in the town of Farmington. Kristen Setera, an FBI spokesperson, said those
https://www.justice.gov/epstein/files/DataSet%2010/EFTA01658203.pdf
EFTA00150007Set 9
2020-07-2243p25,516w
Among Agencies Involved In Search For Missing Iowa Girl.
• DEA, FBI Involved With Cannabis-Related Operation In Maine.
• First Person Arrested As Result Of DO) Operation Facing Drug Charge.
FINANCIAL ... this, and of
course, immediately we all started working together"
DEA, FBI Involved With Cannabis-Related Operation In Maine.
An online WCSH-TV Portland, ME (7/21) report says ... Maine on
Tuesday, when law enforcement workers "swarmed the area" in which two cannabis businesses
are located in the town of Farmington. Kristen Setera, an FBI spokesperson, said those
https://www.justice.gov/epstein/files/DataSet%209/EFTA00150007.pdf
EFTA00064715Set 9
2020-07-0716p7,977w
been properly served with the complaint through its U.S. subsidiary. [Continue Reading]
Law360: "How Cannabis Cos. Can Address Enhanced Antitrust Scrutiny," Unattributed, July 06,
2020, 7:24 PM
Cannabis companies ... staying on
the right side of state regulators, for starters. To that list, cannabis companies need to add considering
the antitrust implications of their business. That is especially true ... Department of Justice whistleblower who claimed that
Attorney General William Barr has targeted cannabis industry mergers for heightened scrutiny that
may not be warranted on traditional antitrust grounds. [Continue Reading
https://www.justice.gov/epstein/files/DataSet%209/EFTA00064715.pdf
EFTA00135626Set 9
2020-07-2241p25,522w
Among Agencies Involved In Search For Missing Iowa Girl.
• DEA, FBI Involved With Cannabis-Related Operation In Maine.
• First Person Arrested As Result Of DO) Operation Facing Drug Charge.
FINANCIAL ... this, and of course, immediately we all started
working together.'"
DEA, FBI Involved With Cannabis-Related Operation In Maine.
An online WCSH-TV Portland, ME (7/21) report says ... Maine on
Tuesday, when law enforcement workers "swarmed the area" in which two cannabis businesses
are located in the town of Farmington. Kristen Setera, an FBI spokesperson, said those
https://www.justice.gov/epstein/files/DataSet%209/EFTA00135626.pdf
EFTA00040903Set 9
2020-07-3118p9,152w
under House-passed
measure," Jonathan D. Salant, July 30, 2020, 9:00 PM
NJ Cannabis Insider produces exclusive weekly content and monthly events geared toward those
interested in the marijuana ... voted Thursday to ban the U.S.
Justice Department from enforcing the federal ban on cannabis in any state that has legalized the drug
for any purpose. [Continue Reading]
Marijuana Moment ... prevent
the Department of Justice from using its funds to impede the implementation of cannabis legalization
laws, passed in a 254-163 vote on the floor. Earlier
https://www.justice.gov/epstein/files/DataSet%209/EFTA00040903.pdf
EFTA00032562Set 8
2018-01-166p3,299w
Read more » Washington Post Co.
Wayfair LLC
Balancing Vertical Integration In Calif.'s Cannabis Industry YouTube Inc.
Given the incentives to organize vertically, California cannabis regulators will
need to identify ... challenge harmful vertical integration, but allow GOVERNMENT AGENCIES
efficiency-improving integration in cannabis markets and revise regulations to Bureau of Land Management
reduce inefficiencies, says Georgina Moreno of Econ
https://www.justice.gov/epstein/files/DataSet%208/EFTA00032562.pdf