Massachusetts: Medical & Adult-Use Cannabis Licensing
The federal illegality of cannabis present challenges for obtaining full intellectual property rights in the United States. The United States Patent and Trademark Office takes the position that “[u]se of a mark in commerce must be lawful under federal law to be the basis for federal registration under the U.S. Trademark Act.” Despite these limitations, it is still possible for cannabis and hemp businesses to obtain legal protection for their intellectual property. With the passage of the 2018 Farm Bill, the ability of hemp companies to obtain federal trademarks has drastically expanded. In addition to federal trademark law, each state has similar laws protecting trademarks and maintains its own registry of approved trademarks.
Until federal legalization, it is important to use caution and undertake extensive due diligence for potential intellectual property rights, protections, and/or violations. VGR Law Firm can help you protect your greatest assets in the most professional, reliable, and cost-effective way. The importance of intellectual property rights will prove to be extremely valued business assets as the cannabis industry expands, which will increase the valuation of your business, offer bargaining power, and create a revenue stream.
VGR Law Firm specializes in drafting well-researched and expertly forecasted investment portfolios, including business plans and pitch decks, focusing on business operations, finance, sales and marketing, technology, management, and human resources.
VGR Law Firm also provides tailored, practical, and innovative advice to help your organization achieve its objectives. We help clients that are in early conversations about company formation; are seeking to raise capital; and need guidance concerning real estate, governance, tax, or compensation and benefits matters. VGR Law Firm also works with clients that are looking to execute their growth, restructuring, or exit strategy – or are a lender or an arranger of capital raising.
VGR Law Firm believes that it is critical to take additional steps to prepare for, respond to, and mitigate the spread of COVID-19 and to protect the health and welfare of the people of the Commonwealth. In response to the recent COVID-19 outbreak, and consistent with Governor Baker’s State of Emergency Declaration and the Cannabis Control Commission’s Guidance, VGR Law Firm can assist to developed policies and procedures to implement appropriate mitigating measures to ensure, preserve, and promote public health and safety.