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Extraction Summary

1
People
7
Organizations
1
Locations
1
Events
2
Relationships
3
Quotes

Document Information

Type: Investment research report / industry analysis
File Size: 2.28 MB
Summary

This document is page 85 of a 2017 report by Ackrell Capital regarding the U.S. legal landscape for cannabis. It discusses the path to federal legalization, analyzing the roles of the DEA and FDA, the conflict between state and federal regulations, and the bureaucratic hurdles stalling the approval of cannabis-derived drugs under the leadership of Attorney General Jeff Sessions. The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was part of a document production for a congressional oversight committee.

People (1)

Name Role Context
Jeff Sessions U.S. Attorney General
Mentioned as running the DOJ, under whose leadership the DEA's new policy initiative regarding cannabis cultivators m...

Organizations (7)

Name Type Context
Ackrell Capital, LLC
Investment firm producing the report.
DEA
Drug Enforcement Administration; discussed regarding cannabis scheduling and manufacturer registration.
FDA
Food and Drug Administration; discussed regarding approval of cannabis-derived drugs.
DOJ
Department of Justice; parent agency of the DEA.
DHHS
Department of Health and Human Services; parent agency of the FDA.
FINRA
Ackrell Capital is a member.
SIPC
Ackrell Capital is a member.

Timeline (1 events)

August 2016
DEA announced a new policy designed to increase the number of DEA-registered cannabis cultivators.
United States
DEA

Locations (1)

Location Context
Jurisdiction for the laws discussed.

Relationships (2)

DEA Agency Hierarchy DOJ
The DEA (an agency of the DOJ)...
FDA Agency Hierarchy DHHS
...and the FDA (an agency of the DHHS)...

Key Quotes (3)

"We believe that cannabis will eventually become federally legal for recreational enjoyment by adults and for use in a broad range of safe drugs and therapeutic products."
Source
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Quote #1
"Technically, cannabis is not entirely prohibited by federal law."
Source
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Quote #2
"Some observers believe the new policy initiative has stalled under the leadership of the DOJ, currently run by U.S. Attorney General Sessions."
Source
HOUSE_OVERSIGHT_024721.jpg
Quote #3

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