Recent Cannabis Patent Applications Provide Insight into Next Steps for Industry

HOUSTON, TX / ACCESSWIRE / April 16, 2019 / Patent applications from cannabis companies offer a look into the battle to secure intellectual properties in the U.S.

Often, they can provide insight into what companies are tinkering with, and show companies that are trying to play defense against rivals who may try to inch into the space with similar items. Patents can also provide a bird's eye view into company views of industry trends.

We have to consider that legal cannabis sales just in the U.S. are expected to reach nearly $23 billion by 2025, according to Bloomberg Intelligence. CBD sales are expected to reach nearly $1.9 billion by 2022. Such explosive growth is forcing companies to sit up and take notice across multiple major industries.

That's because the legalization of cannabis offers an incredible opportunity for companies to now establish themselves as dominant players with patents in hand.

Some of the most notable companies to file patent applications include The Yield Growth Corporation (CSE: BOSS)(OTCQB: BOSQF), Canopy Growth Corporation (TO: WEED)(NYSE: CGC), and Tilray Inc. (NASDAQ: TLRY).

The Yield Growth Corporation (BOSS)(BOSQF) just announced that subsidiary Urban Juve filed a patent application to protect its inventions for hemp root oil and its use in certain formulas, titled "Cannabis Root Extract, Method of Manufacture, Method of Use".

The application claims priority to 11 US patents filed in the last year by the company, and contains claims to a method of manufacture of cannabis root oil, as well as use of that oil as an active ingredient in various formulations for use as therapeutics and cosmetics. The patent application can be used as a basis for obtaining patent protection in over 170 countries, including the US, Canada, the UK, France, Germany, Russia, China, Brazil, Japan, and Australia.

The patent application covers Urban Juve's extraction technology which uses proprietary methods for processing root oil. The patent claims to increase the quantity of desirable active compounds recovered from the root, and further enhance the bioavailability of the cannabis root product by nanoization.

For More Information on The Yield Growth Corporation, Click Here.

In late 2018, Canopy Growth Corporation (CGC) sought to patent a "system and method for an improved personal vaporization device," according to its application. All as vaping begins to gain popularity. A summary of the invention noted, "In some embodiments, the vape device can communicate with a personal computing device and work interactively with an application or 'app' operating on the personal computing device to provide additional functions and features that can meet the demands and needs of the most sophisticated connoisseur or medical patient."

For More Information on Canopy Growth Corporation, Click Here.

Tilray Inc. (TLRY) recently applied to patent methodology to kill microbes on the cannabis plans without hurting quality. Per the application, Tilray notes, The present invention achieves sufficient microbial killing and/or adequate drying without impacting product quality (terpene loss, smell, color, texture, etc.) by appropriate determination and application of pressure(s) and radiant energy (e.g., microwave intensity).

At the moment, traditional methods for killing microbes in cannabis include gamma irradiation and electron irradiation, notes Investor's Business Daily. Such techniques can cause damage, discoloration or destroy natural cannabis compounds in the process.

For More Information on Tilray Inc., Click Here.

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