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grew, beer went with it. But when Prohibition began in 1920, it shuttered American breweries. Only a few big producers, most in the Midwest (plus Colorado's Coors), survived. Their size allowed them to adapt, redirecting factories and refrigerated trucks toward the production of soft drinks, ice cream
t. The biggest underachievers in Asia included Indonesia, the Philippines, India and tiny Brunei, while in Africa it was Botswana, South Africa and Lesotho that had the most room for improvement. Regions with healthcare systems underperforming relative to wealth included Oceania, the Caribbean and Cent
this market estimate by state is shown in the following chart. 2017 U.S. State-Legal Cannabis Market Estimate Other States $1.9B California $3.2B Colorado $1.5B Oregon Washington $470M $929M Source: Ackrell Capital U.S. Federal Law Current federal law effectively prohibits all cannabis use and all comm
PC 91 HOUSE_OVERSIGHT_024727 Cannabis Investment Report | December 2017 @ 2017 Ackrell Capital, LLC 92 HO Medical Law Argentina Colombia Greece Lesotho Peru Australia Croatia Israel Macedonia Poland Brazil Czech Republic Italy Mexico Switzerland Chile Germany Jamaica Netherlands Turkey MN Recreati
ly expected to do so in mid-2018). In the handful of jurisdictions that started with medical laws and later adopted recreational laws—particularly in Colorado, Washington and Oregon—adoption of recreational laws has led to significant growth in overall market size and a rapid increase in the percentage of t
Act, which prohibit cul- tivation, possession and personal use of cannabis on private property, were declared unconstitutional. During the same year, Lesotho (an enclave surrounded entirely by South Africa) granted a license to a pharmaceutical company to grow, process and sell cannabis for medicinal use o
Entities connected to both Colorado and Lesotho

Jeffrey Epstein
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Denver
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