Smoking Hot Growth – IP in the Medical Cannabis Industry

Intellectual property (IP) plays an important role in the medical cannabis industry. Many players in the industry use one or more types of IP rights to add value to their business. Various types of IP rights are utilized by companies active in the field, including Utility/Innovation Patents, Designs, Plant Breeders' Rights, Plant Patents, Trademarks and Trade Secrets. The IP strategy employed by innovative medical cannabis should depend upon the nature of the product being developed.

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