ACKR CAPI
L
EL TA CHAPTER X_ Glossary of Terms Oil a category of viscous cannabis concentrates
OTC over-the-counter stock market
Pipe a device used to smoke cannabis flower; commonly made of glass, wood or metal
PPM a private placement memorandum; used by issuers of securities in private offerings to market securities
PVPA Plant Variety Protection Act
Ruderalis one of three principal cannabis species; ruderalis plants are shaggy and the shortest of the three species
SAR Suspicious Activity Report; required to be filed by financial institutions with FinCEN regarding customers engaged in marijuana-related businesses
Sativa one of three principal cannabis species; sativa plants are generally tall, thin and wispy SEC U.S. Securities and Exchange Commission
Section 280E Internal Revenue Code section 280E
Securities Act Securities Act of 1933
Shatter a concentrate prepared through solvent-based extraction; typically has an amber-glass transparency
Strain another term for a cannabis plant variety
Terpene a class of organic compounds present in cannabis and many other plants; responsible for a plant’s aroma and flavor; believed to have wide-ranging therapeutic applications
Tetrahydrocannabinol (THC) delta-9-tetrahydrocannabinol and certain chemical variants, including delta-8-tetrahydrocannabinol; the psychoactive compound in cannabis primarily responsible for the euphoric feeling of being “high”; the most abundant cannabinoid in cannabis; believed to have wide-ranging medicinal benefits and therapeutic applications
THC See Tetrahydrocannabinol THCA See Delta-9-Tetrahydrocannabinolic acid
Tincture a concentrate suspended in an alcohol solution; usually placed under the tongue using a dropper (sublingual application)
Topical an infused product intended for topical application; typically a lotion, balm, cream, lubricant or transdermal patch
Trichome a crystalline or hairlike component that secretes cannabinoids, terpenes and other compounds; generally occur all over the cannabis plant, but found in highest concentration on the flower
TSX Toronto Stock Exchange TSXV TSX Venture Exchange
© 2017 Ackrell Capital, LLC | Member FINRA/SIPC 173
HOUSE_OVERSIGHT_024809