Obtaining Intellectual Property Rights For New Med
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Posted On: 05/08/2018 5:08:54 AM
Obtaining Intellectual Property Rights For New Medicinal Cannabis Varieties - PART 1
In jurisdictions where recreational cannabis use is legal, traditional selective breeding techniques have been used to develop thousands of new cannabis varieties or strains. With the recent enactment of legislation that permits the cultivation of medicinal cannabis in Australia, we are likely to see growth in the commercial development of new cannabis varieties with specific therapeutic traits, as opposed to recreational traits (e.g., euphoria or creativity).
In this first part of a three part series, we highlight the options available for protecting new cannabis plant varieties under Australia's intellectual property regimes.
https://www.facebook.com/queenslandbauxitelimited/?ref=br_rs
I think this will be (or is) of most importance in the growing Medical Marijuana industry. Patent and unic genetic strains, if you have the access to the right types of the cannabis strain, you want to protect your intellectual property as well as the specific strains. With the research in this field, patents will be necessary to protect what can be worth millions. QBL/MCL is partnering and doing deals with 10 different business partners (if I`m not misstaking on the number) - they are well setup for one or two homeruns, if we see to probability of the diversification they are choosing as a businessmodel.
In jurisdictions where recreational cannabis use is legal, traditional selective breeding techniques have been used to develop thousands of new cannabis varieties or strains. With the recent enactment of legislation that permits the cultivation of medicinal cannabis in Australia, we are likely to see growth in the commercial development of new cannabis varieties with specific therapeutic traits, as opposed to recreational traits (e.g., euphoria or creativity).
In this first part of a three part series, we highlight the options available for protecting new cannabis plant varieties under Australia's intellectual property regimes.
https://www.facebook.com/queenslandbauxitelimited/?ref=br_rs
I think this will be (or is) of most importance in the growing Medical Marijuana industry. Patent and unic genetic strains, if you have the access to the right types of the cannabis strain, you want to protect your intellectual property as well as the specific strains. With the research in this field, patents will be necessary to protect what can be worth millions. QBL/MCL is partnering and doing deals with 10 different business partners (if I`m not misstaking on the number) - they are well setup for one or two homeruns, if we see to probability of the diversification they are choosing as a businessmodel.
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Robert