As More States Legalize Marijuana Patents On The Rise
There is a surge in marijuana tech patents, and rightfully so. As more and more states legalize marijuana use, either medicinally or recreationally, more and more technology is introduced.
Forbes reported on Monday that 266 marijuana related patents have been issued with another 255 patents pending. A recent report from Envision IP highlights the variety of marijuana patents.
The patents range from biomedical strains of cannabis to high tech packaging. A company called Sugarmade, recently announced that they were filing patents on high tech packaging that would “better preserve cannabis, including THC levels, via control of oxygen and carbon dioxide levels, humidity and thermodynamic cooling, but will also significantly improve the safety of cannabis via the ability to emit food safe oxidizers and other treatments to mitigate mold, bacteria and other pathogens, including powdery mildew.”
We reported on SneakGuard yesterday. They have a patented system for preserving marijuana in a vacuum sealed, locked container.
There were reports last week that even Apple could be getting into the marijuana industry with a device dubbed the “iVape” by several websites. Green Rush Daily points out that the patent filed that resembled a vaporizer was more than likely related to Apple’s manufacturing processes.
Some of the key players in the marijuana patent race include
- Solvay Pharmaceuticals B.V.
- Jenrin Discovery, Inc.
- Cara Therapeutics Inc. (NASDAQ: CARA)
- GW Pharmaceuticals Limited (NASDAQ: GWPH)
- Full Spectrum Laboratories Limited
- Insys Therapeutics, Inc. (NASDAQ: INSY)
- Arena Pharmaceuticals Inc. (NASDAQ: ARNA)
- Zynerba Pharmaceuticals, Inc. (NASDAQ: ZYNE)
- Axim Biotechnologies, Inc. (OTCMKTS: AXIM)
- Echo Pharmaceuticals B.V.
- Corbus Pharamaceuticals, Inc. (NASDAQ: CRBP)
- Biotech Institute, LLC
- Afgin Pharma, LLC
- United Cannabis Corp. (OTC: CNAB)
In addition to these medically related patents, there is a slew of patents in the technology space that pertain to marijuana. A variety of app companies have filed for patents for apps related to the cannabis industry. There are also several companies developing vaporizer devices (not Apple), grow boxes, and other distribution technologies.
It’s safe to say that patents for marijuana related products will continue to increase as the industry continues to boom. The marijuana industry is expected to top the $20 billion dollar mark by 2026.