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The cannabis industry is booming and as it continues to grow, new cannabis-related businesses are forming in various sectors of industry and new plant varieties, products and techniques are developed daily. Protecting cannabis-related businesses and innovations as they emerge and develop is essential to industry success.
As the United States drifts toward the legalization of cannabis, the cannabis industry must be able to adapt to the rapidly changing laws and constantly increasing competition. The federal government divides the cannabis plant species into two categories – the hemp category and marijuana category. Hemp is distinguished as having a concentration of less than 0.3 percent delta-9-tetrahydrocannabinol (THC). Federally, marijuana remains illegal under the Controlled Substances Act of 1970, whereas the production of hemp as an agricultural commodity was legalized under the 2018 Farm Bill. A majority of states