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ing Uruguayan passports issued to criminals. Either candidate would likely maintain strong ties to the United States, but the election could reshape Uruguay's approach to foreign policy challenges such as the collapse of democracy in Venezuela. To learn more, please join the Wilson Center's Latin Americ

Island West Virginia Vermont @ 2017 Ackrell Capital, LLC | Member FINRA/SIPC CHAPTER IV U.S. Legal Landscape IY) CBDILimited Law Alabama Georgia Indiana lowa Kentucky Louisiana Mississippi Missouri North Carolina Oklahoma South Carolina Tennessee Texas Utah Virginia Wisconsin Wyoming 63 HOUSE_OV

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

Figure 8 - U.S. Planted Hemp Acres - 2017 and 2018 North Carolina North Dakota Minnesota Pennsylvania Maine Oklahoma South Carolina Massachusetts Indiana Hawaii Nebraska “Includes 232 acres of greenhouse or indoor cultivation Source: votehemp.com, State Departments of Agriculture, Cowen and Company

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