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FAL CHAPTER Ill Cannabis Industry Segmentation
document IMAGES-008-HOUSE_OVERSIGHT_024673.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…across jurisdictions, but increasingly are being required by state law and demanded by supply- chain intermediaries and consumers. Uniform standards for testing and reporting are expected to emerge as scientific understanding of cannabis increases and as industry consensus about...

Cannabis Industry Segmentation
document IMAGES-008-HOUSE_OVERSIGHT_024667.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…investment opportunities in the cannabis industry, we currently define five primary segments: production, distribution, consumer products, business solutions and digital media. We further divide each segment into multiple subsegments. Each segment has unique opportunities and ris...

Cannabis Investment Report | December 2017
document IMAGES-008-HOUSE_OVERSIGHT_024672.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…abis extraction and product manufacturing services provided primar- ily on a business-to-business basis to cultivators, consumer product companies and retail dispensaries. Extraction companies invest in specialized equipment that transforms cannabis flower into concen- trates int...

FTSE 100 (27 June): 5,524 (last month: 5,266)
document IMAGES-007-HOUSE_OVERSIGHT_024151.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…Preference: overweight Recommendations Tactical (6 months) e We like the Energy sector due to attractive valuations; Consumer Staples is another preferred sector Because of its defensive qualities. e Approaching the end of the patent cliff should remove some uncertainty on th...

11/28/2012 5:28:55 PM
email TEXT-001-HOUSE_OVERSIGHT_017581.txt Nov 28, 2012 House Oversight Committee — Epstein Estate Records (Nov 2025)

…ent, NBC Universal. Board: World Wide Biggies. *Barry Silbert *— CEO of SecondMarket. *Josh Silverman*— President of US Consumer Services, American Express. Fmr CEO, Skype. Fmr CEO, Shopping.com. Fmr CEO and Fndr, eVite. *Sukhinder Singh Cassidy*— Chm, JOYUS. Fmr CEO, Polyvore. F...

routine and ensure that you achieve more outside of the meeting than the attendees do within it; rep
document IMAGES-002-HOUSE_OVERSIGHT_013861.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

… it, but don’t fall for it. If a boss asks for overtime “just this once,” he or she will expect it in the future. Time Consumers: Batch and Do Not Falter A schedule defends from chaos and whim. — ANNIE DILLARD, winner of Pulitzer Prize in nonfiction, 1975 IF you have never use...

it continues to drive desire. Because the reward system isn’t delivering the goods, excess unfolds d
document IMAGES-002-HOUSE_OVERSIGHT_012809.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ombination of a heavily marketed environment and a biological susceptibility to excess, is a losing combination for the consumer. The work on addiction provides a template for thinking about how individuals and societies ignite a path to excessive harms. In the same way that exc...

than 30 years in human populations. For example, 7 = 28.9 in the 1906 population of Taiwan [11]
document IMAGES-001-HOUSE_OVERSIGHT_011162.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…e with unrestricted access to food [7, Sec. 10.3.1]. Yet this is no real cause for skepticism: food is just one of many consumer goods, and wealthy people do live longer than poor ones. To capture the diminishing marginal effect of consumption, I will assume that m(z,k) = m*(x)...

So In Recent Months
document So in recent months House Oversight Committee — Epstein Estate Records (Nov 2025)

tunnels under the southern border that were used to bring in consumer goods have become almost fully devoted to smuggling in building materials.

316 M. Hoffman et al
document IMAGES-003-HOUSE_OVERSIGHT_015528.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…ricity consumption. Technical report, Harvard University Working Paper. Thaler, R. (1980). Toward a positive theory of consumer choice. Journal of Economic Behavior & Organization, 1(1), 39-60. Thomson, J. J. (1976). Killing, letting die, and the trolley problem. The Monist, 59...

On February 3, the White House hosted a carefully orchestrated meeting of one of the
document IMAGES-005-HOUSE_OVERSIGHT_019950.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…lan?). On the other hand, while there was a warming C-suite feeling for Trump, there was also rising concern about the consumer side of many big brands. The Trump brand was suddenly the world’s biggest brand—the new Apple, except the opposite, since it was universally disdained...

profile investment outlook. Upside risks to our thesis could stem from more favorable
document IMAGES-003-HOUSE_OVERSIGHT_014637.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…our detailed sum of the parts analysis. Upside risks are: a stronger than anticipated recovery in Las Vegas, improving consumer sentiment and its 56% ownership stake in MGM China. Downside risks are: balance sheet and liquidity risks proving worse than expected, continued Strip...

see the most uplift in spending from any potentially large fiscal stimulus and
document IMAGES-003-HOUSE_OVERSIGHT_014635.txt House Oversight Committee — Epstein Estate Records (Nov 2025)

…als": growth recovery plus pricing power, Buy TXN, ADI, MCHP, ON 1Q risks: (1} Still somewhat large (>10%) exposure to consumer electronics could create near-term volatility in topline results; (2) Historically lumpy communications equipment spending trends; (3) Larger than expe...

Global Asset Allocation
document IMAGES-011-HOUSE_OVERSIGHT_030853.txt Mar 28, 2013 House Oversight Committee — Epstein Estate Records (Nov 2025)

…2 5.0 5.6 5.5 45 5.0 5.3 41 43 5.0 3.6 3.6 15 1.0 2.0 0.5 0.5 0.8 2.0 3.1 1.0 15 2.8 2.8 3.5 3.3 2.0 5.5 J.P Morgan Consumer prices % over a year ago 1014 4Q12 2013 3Q12 4013 2.0 17 19 19 17 19 12 0.9 14 2.0 3.9 47 47 5.0 47 15 10.0 10.6 10.0 11.0 42 5.2 5.6 64 5.9 45 2.6 2...