What Cannabis Patent Applicants Can Learn From Biopharma
By Pauline Pelletier and Deborah Sterling (January 17, 2019, 12:48 PM EST) -- Today the cannabis industry is booming and analysts have projected that it will grow from $9.2 billion in 2017 to $47.3 billion in 2027 in North America alone. This past year saw the first U.S. Food and Drug Administration-approved drug comprised of an active ingredient derived from cannabis. It also saw the first patent infringement suit involving a cannabis-related patent. And in just the first month of 2019 we have seen the first decision in a post-grant proceeding involving a cannabis-related patent as well as legislation for legalizing and regulating cannabis introduced in the House of Representatives.
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