MJ - Cannabis Industry Update

Summary

• To date, 37 states (plus the District of Columbia) have either decriminalized cannabis or enacted laws authorizing its use for medical or recreational purposes.
• Legalization initiatives have also been gaining momentum outside of the United States.
• In addition to investing in companies that “touch the plant”, both MJ’s and MJUS’s portfolios include companies that provide ancillary products and services to the cannabis industry, such as FDA-approved pharmaceuticals, growing equipment, consumer accessory products, as well as media, technology and financial services.

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