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Summary
This document is page 173 of a 2017 report by Ackrell Capital, LLC, specifically Chapter X: Glossary of Terms. It defines various terms related to the cannabis industry (e.g., THC, Sativa, Terpene) and financial/regulatory terms (e.g., SAR, SEC, PPM). The document bears a 'HOUSE_OVERSIGHT' Bates stamp, indicating it was obtained during a congressional investigation.
Organizations (8)
Locations (1)
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Key Quotes (2)
"SAR Suspicious Activity Report; required to be filed by financial institutions with FinCEN regarding customers engaged in marijuana-related businesses"Source
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Quote #1
"PPM a private placement memorandum; used by issuers of securities in private offerings to market securities"Source
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Quote #2
Full Extracted Text
Complete text extracted from the document (2,211 characters)
ACKRELL
CAPITAL
CAPITAL
CHAPTER X Glossary of Terms
Oil a category of viscous cannabis concentrates
OTC over-the-counter stock market
Pipe a device used to smoke cannabis flower; commonly made of glass, wood or metal
PPM a private placement memorandum; used by issuers of securities in private offerings to market
securities
securities
PVPA Plant Variety Protection Act
Ruderalis one of three principal cannabis species; ruderalis plants are shaggy and the shortest of the
three species
three species
SAR Suspicious Activity Report; required to be filed by financial institutions with FinCEN regarding
customers engaged in marijuana-related businesses
customers engaged in marijuana-related businesses
Sativa one of three principal cannabis species; sativa plants are generally tall, thin and wispy
SEC U.S. Securities and Exchange Commission
Section 280E Internal Revenue Code section 280E
Securities Act Securities Act of 1933
Shatter a concentrate prepared through solvent-based extraction; typically has an amber-glass
transparency
transparency
Strain another term for a cannabis plant variety
Terpene a class of organic compounds present in cannabis and many other plants; responsible for a
plant’s aroma and flavor; believed to have wide-ranging therapeutic applications
plant’s aroma and flavor; believed to have wide-ranging therapeutic applications
Tetrahydrocannabinol (THC) delta-9-tetrahydrocannabinol and certain chemical variants, including
delta-8-tetrahydrocannabinol; the psychoactive compound in cannabis primarily responsible for the
euphoric feeling of being “high”; the most abundant cannabinoid in cannabis; believed to have
wide-ranging medicinal benefits and therapeutic applications
delta-8-tetrahydrocannabinol; the psychoactive compound in cannabis primarily responsible for the
euphoric feeling of being “high”; the most abundant cannabinoid in cannabis; believed to have
wide-ranging medicinal benefits and therapeutic applications
THC See Tetrahydrocannabinol
THCA See Delta-9-Tetrahydrocannabinolic acid
Tincture a concentrate suspended in an alcohol solution; usually placed under the tongue using a
dropper (sublingual application)
dropper (sublingual application)
Topical an infused product intended for topical application; typically a lotion, balm, cream, lubricant
or transdermal patch
or transdermal patch
Trichome a crystalline or hairlike component that secretes cannabinoids, terpenes and other
compounds; generally occur all over the cannabis plant, but found in highest concentration on the
flower
compounds; generally occur all over the cannabis plant, but found in highest concentration on the
flower
TSX Toronto Stock Exchange
TSXV TSX Venture Exchange
© 2017 Ackrell Capital, LLC | Member FINRA / SIPC
173
173
HOUSE_OVERSIGHT_024809
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