Investor Presentation
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U.S. Cannabis Industry
53% of the U.S. population now live in states that have ended
their prohibition on Cannabis.
August 2023: DEA received recommendation from the
Department of Health and Human Services (HHS) to reschedule
cannabis from its Schedule I classification under the Controlled
Substances Act to Schedule III.
October 2023: A group of cannabis operators, including
TerrAscend, and investors have filed suit against U.S. Attorney
General Merrick Garland seeking equal treatment of Cannabis
Businesses.
November 2023: Ohio became the 24th state to legalize
recreational use and possession of marijuana.
A bi-partisan bill, SAFER Banking Act, is currently on the senate
floor, which if approved, would create financial safe harbours for
financial institutions to accept deposits from state licenced
cannabis businesses.
4 TERRASCEND
Legal Non-Medical and Medical Use (24 States & DC)
Source: Jaeger, K. (2023, November 16). 53 percent of Americans now live in a legal marijuana state, report from former federal officials' firm
shows. Marijuana Moment. https://www.marijuanamoment.net/53-percent-of-americans-now-live-in-a-legal-marijuana-state-report-from-former-
federal-officials-firm-shows/#:~:text=This%20means%20that%20176%2C880%2C943%20Americans, percent%20of%20the%20total%20population.
Legal Medical Use Only (14 States)
District of
Columbia
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