Cannabis Intellectual Property – What’s the buzz all about?
The intellectual property being used in your cannabis company may be one of your most valuable assets. While protecting those rights can be tricky, there are some methods available for doing so, and successfully protecting those rights may produce significant benefits both in terms of future valuation of your business as well as current tax minimization. Read on to learn more.
The first step is to define and secure the rights to your intellectual property (“IP”). The key is to know when your business has protectable IP, developing the rights within the IP and engaging in all avenues to protect such IP. The pathway to protection and utilization of your business IP depends on the type of IP.