Introduction

2. Introduction 2

3. Boris Shcharansky • Founder/CEO of Heartland Hemp Company in Des Moines, IA • Entrepreneur and Hemp Advocate • Eight years of direct business development experience across three start-ups • Registered Lobbyist in Iowa • Graduated: University of Pennsylvania • Iowa Connection: • 27 years Iowa resident • Valley High School graduate, West Des Moines • Des Moines area business owner since 2004 3

4. Iowa Hemp Association • Developed nationwide and global network of hemp industry professionals • Dedicated to the re-introduction and re-emergence of Hemp as a viable agricultural crop in Iowa • Co-wrote and introduced House Bill 470 in 2015 • Production, Marketing and Distribution of Industrial Hemp and Related Plant Materials • Never brought to committee vote • Died in first funnel • Committed to working with Iowa farmers to re-introduce hemp as a commercial crop • Developing relationships with farmers experienced in certified-seed growing 4

5. Federal Cannabis Legislation 5

6. House Legislation Senate Legislation • S. 683 – CARERS Act • S. 134 – Industrial Hemp Farming Act • S. 1333 – Therapeutic Hemp Medical Access Act • HR 1014 – Marijuana Tax Revenue Act • HR 1013 – Regulate Marijuana Like Alcohol Act • HR 1940 – Respect State Marijuana Laws Act • HR 1774 – Compassionate Access Act • HR 1635 – Charlotte’s Web Medical Hemp Act • HR 1538 – CARERS Act • HR 525 – Industrial Hemp Farming Act 6

7. HR 1014 – Marijuana Tax Revenue Act of 2015 • Introduced 2/20/2015 by Representative Earl Blumenauer (D, Oregon) • 1% Chance of Passage, 7 co-sponsors (7 D) • Provides tax on marijuana enterprises • 10% on total sales for first 2 years • 15% in year 3 • 20% in year 4 • 25% in year 5 • Requires federal permit to engage in marijuana enterprise • Requires “study” of “characteristcs of marijuana industry” every 5 years • Adds “marijuana” to Bureau of Alcohol, Tobacco, [and] Firearms (and Marijuana) • Becomes applicable once cannabis is removed from all schedules under CSA (180 days) 7

8. HR 1013 – Marijuana Tax Revenue Act of 2015 • Introduced 2/20/2015 by Representative Jared Polis (D, Colorado) • 1% Chance of Passage, 18 co-sponsors (17 D, 1 R) • Directs Attorney General to remove cannabis in all forms from the Controlled Substances Act • Removes cannabis as a “dangerous drug” for purposes of federal criminal code provisions • Removes cannabis as “targeted drug” for purposes of youth anti-drug media campaigns • Gives FDA oversight of cannabis commerce in same way FDA regulates alcohol • Renames Bureau of Alcohol, Tobacco, Firearms, and Explosives to Bureau of Alcohol, Tobacco, Marijuana, Firearms and Explosives • 2-year period to conduct review of Act and assess its success 8

9. HR 1940 – Respect State Marijuana Laws Act • Introduced 4/22/2015 by Representative Dana Rohrabacher (R, California) • 0% Chance of Passage, 14 co-sponsors (8 D, 6 R) • Amends CSA to exempt any person acting in compliance with State cannabis laws 9

10. HR 1774 – Compassionate Access Act • Introduced 4/14/2015 by Representative Morgan Griffith (R, Virginia) • 4% Chance of Passage, 3 co-sponsors (3 D) • Directs Department of Health and Human Services to submit to DEA recommendation to transfer cannabis from Schedule 1 to another schedule 180 days after enactment. • DEA must re-schedule cannabis from Schedule 1 one year after enactment • Permits consideration of State-level scientific studies as evidence against Schedule 1 classification even if non-federal cannabis was used in study! • Amends CSA and Federal Food, Drug, and Cosmetic Act • Excludes Cannabidiol and allows states to enact laws to grow cannabis with < 0.3% THC for CBD production • No provision to restrict physicians from prescribing CBD or medical cannabis in states allowing medical cannabis or CBD • Requires Attorney General to register cannabis researchers to executive branch agency to conduct research and requires adequate supply of research cannabis to be available 10

11. HR 1635 – Charlotte’s Web Medical Access Act • Introduced 3/25/2015 by Representative Scott Perry (R, Pennsylvania) • 2% Chance of Passage, 58 co-sponsors (28 D, 30 R) • Amends CSA and Federal Food, Drug and Cosmetic Act • Excludes Cannabidiol and Cannabidiol-rich plants from definition of “marijuana” • Plants must be less than 0.3% THC • Act terminates after 3 years 11

12. HR 1538 – CARERS Act (S. 683) • Introduced 3/23/2015 by Representative Steve Cohen (D, Tennessee) • S. 683 – Senator Cory Booker (D, New Jersey) • 1% Chance of Passage, 22 co-sponsors (11 D, 11 R) • S. 683, 15 co-sponsors (12 D, 2 R, 1 I) • Amends CSA • Moves cannabis from Schedule 1 to Schedule 2 • Excludes Cannabidiol from definition of marijuana, with plants required at less than 0.3% THC • Opens up banking for legal state cannabis industries • Protects financial institutions from an federal penalties for working with cannabis companies • Directs DEA to approve at least three licenses under the CSA for federal research cannabis cultivation • Directs Department of Veterans Affairs to authorize VA health providers to recommend cannabis for patients residing in states with legal medical marijuana programs 12

13. HR 525 – Industrial Hemp Farming Act (S 134) • Introduced 3/23/2015 by Representative Thomas Massie (R, Kentucky) • S. 134 - Senator Ron Wyden (D, Oregon) • 1% Chance of Passage, 64 co-sponsors (39 D, 25 R) • S. 134, 10 co-sponsors (5 D, 4 R, 1 I) • Amends CSA • Removes industrial hemp from definition of “marijuana” • Defines “industrial hemp” as Cannabis Sativa L. with concentration of THC at or below 0.3% THC 13

14. S. 1333 – Therapeutic Hemp Medical Access Act • Introduced 5/13/2015 by Senator Cory Gardner (R, Colorado) • 2% Chance of Passage, 9 co-sponsors (5 R, 4 D) • Amends CSA • Exclude Cannabidiol and Cannabidiol-rich plants from definition of “marijuana” • CBD no longer controlled substance • Cannabis Sativa L. with < 0.3% THC 14

15. Questions 15