Indopedia All Things Marijuana
In the United States, there are a number of factors stunting the growth of the budding cannabis industry, most of which stem from the continuation of federal illegality. Although many marijuana-related businesses face certain pitfalls when it comes to crucial services like banking and production, the US Patent Office has opted to allow applications for pot-based patents, ensuring that innovative ideas still bloom despite withstanding federal laws.
You might think that granting cannabis-related patents is a new venture for the US Patent office, but the department has been issuing them since 1942. There have been nearly 1,500 cannabis patents filed since that time, more than half of them over the last 25 years. Currently, there are 500 active pot patents, but that number is set to explode in the near future.
In a recent Forbes interview with David Cohen, an independent patent agent from Oakland, the expert broke down the methodology behind filing for cannabis-related patents, as well as the advantages of doing so in today’s evergreen market. Cohen explained that cannabis-related patents are essentially immune to federal illegality, and that the expanding market will…
