As your cannabis business grows, it will develop and acquire intellectual property. Trademarks and trade dress distinguish your business from the competition. Trade secrets can help a business keep its competitive edge. Protecting these trademarks and trade secrets from theft by employees or others is crucial to success. Without proper contract protections in place, employees may acquire rights in your business’ intellectual property by default under state law. As the cannabis industry grows nationwide, licensing intellectual property can provide a cannabis business with additional revenue streams and help grow a brand’s reputation and exposure. The Firm has secured federal and state trademarks for cannabis brands and has successfully defended cannabis businesses against trademark claims from Disney, Hershey’s and other cannabis and non-cannabis companies claiming infringement. Furthermore, McAllister Garfield, P.C. regularly counsels cannabis businesses on protecting and licensing their intellectual property.
If you would like to learn more about intellectual property and your cannabis business, contact the lawyers at McAllister Garfield, P.C.