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eating a broad range of qualifying medical conditions.) While the merits of medical cannabis are currently driving legalization, we believe that—like Uruguay and numerous U.S. states—other coun- tries will ultimately enact legislation permitting the production, sale and use of recreational cannabis. (Canad
ufacturing, distribution, dispensing or possession of cannabis or concentrates. These laws fall into three general categories: ¢ 29 U.S. states (and the District of Columbia) have enacted medical cannabis laws that permit the production and possession of cannabis or concentrates for use in treating a broad range of qualif
ant legal measures that increase access to cannabis for medical purposes, permit recreational cannabis use and relax criminal prohibitions. In 2013, Uruguay became the first nation in the world to legalize and regulate the commercial pro- duction and sale of cannabis to adults for recreational and other u
y speaking, makes almost all manufacture, distribution, dispensing and possession of cannabis in the United States a federal crime—29 U.S. states and the District of Columbia have enacted medical cannabis laws that permit the production and possession of cannabis or concentrates for use in treating a broad range of qualify
010. The Institution of Regulation and Control of Cannabis provides regulatory oversight for the medical market. There are two licensed producers in Uruguay, and thus, the market has not opened to many foreign entities. This has led to a shortage of supply for the domestic market. Addressing supply issue
is and cannabis-related products. Many states impose and enforce similar prohibitions. Notwithstanding the federal ban, however, many U.S. states and the District of Columbia have legalized certain cannabis- related activities. Risks Pertaining to Canadian Cannabis-Related Companies: |n Canada, cannabis is an emerging ind
Entities connected to both Uruguay and the District of Columbia

United States
LOCATION
Jeffrey Epstein
PERSON
Donald Trump
PERSON
Department of Justice
ORGANIZATION
Virginia Giuffre
PERSON
Prince Andrew
PERSON
George W. Bush
PERSONLeon Black
PERSON
Samantha Power
PERSON
Prince Charles
PERSON
Ghislaine Maxwell
PERSON
Julie K. Brown
PERSON
Joe Biden
PERSON
Barack Obama
PERSON
Michael Jackson
PERSON
New York
LOCATION
Bloomberg L.P.
ORGANIZATION
Bill Clinton
PERSON
Colorado
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Scarlett Johansson
PERSON