1. Hemopoietic bone marrow is initially found in many locations but becomes restricted to the axial skeleton after puberty. 2. Bone marrow contains hematopoietic stem cells that differentiate into the erythroid, thrombocytic, granulocyte-monocyte, and lymphoid lineages. 3. Bone marrow is located in the medullary canals of long bones and cancellous bone cavities, and contains reticular connective tissue, hematopoietic cords, and sinusoidal capillaries that allow new blood cells to enter circulation.