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1.41 MB
Extraction Summary
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People
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Organizations
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Relationships
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Quotes
Document Information
Type:
Investment report / financial disclosure
File Size:
1.41 MB
Summary
This document is page 165 of a report by Ackrell Capital, LLC, dated 2017, detailing 'Chapter IX: Cannabis Industry Risk Factors.' It outlines the legal and financial risks associated with the cannabis industry in relation to U.S. Federal Law, specifically the Controlled Substances Act (CSA), warning of potential asset seizure, imprisonment, and regulatory hurdles regarding interstate commerce. The document bears a 'HOUSE_OVERSIGHT' bates stamp, indicating it is part of a larger document production to the House Oversight Committee.
Organizations (5)
| Name | Type | Context |
|---|---|---|
| Ackrell Capital, LLC | ||
| FINRA | ||
| SIPC | ||
| Federal Government | ||
| House Oversight Committee |
Locations (1)
| Location | Context |
|---|---|
Key Quotes (3)
"The manufacture, distribution, dispensing and possession of cannabis are strictly controlled under the Controlled Substances Act (CSA), irrespective of whether such activities comply with applicable state law."Source
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Quote #1
"Individuals and businesses... that violate the CSA or such other laws are subject to fines, asset seizure and imprisonment under federal law."Source
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Quote #2
"There can be no assurance that in the future the federal government will not strictly and aggressively enforce cannabis-related CSA provisions."Source
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Quote #3
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