Cannabis Sativa Inc (OTCMKTS:HempS) Adds IP to Portfolio

Cannabis Sativa Inc (OTCMKTS:HempS) has bought numerous Federally Registered marks to extend its intellectual asset portfolio comprising Cannabis*Sativa®, CannaRx® and DISPENSARxY®. David Tobias, the President, said that they consider that having a robust IP portfolio is vital to their on-going branding plans.

An article in High Times Magazine reported that the next big leap in the cannabis market won’t be in tax or banking codes, instead it’ll be in intellectual and branding property. They continue staking their claim. The marks are presently in the course of assignment of ownership from the seller, and varying on the USPTO workload, assignment can take numerous weeks to close.

The buzz

Many firms that seem to be getting limelight in the possible cannabis authorization in the U.S. and Canada also includes Cannabis Sativa. The movement to validate cannabis has accomplished crucial goals in this year. Increasing number of people in America and Canada are approving cannabis than ever before.

A report released by Pewresearch.org indicate that over 50% of people in the U.S. support cannabis reform, and hardly 37% are not advocates of cannabis reform. It is a striking jump in the last 5 years, and this transition in perception has encouraged market analyst for projecting marijuana and cannabis industry anticipated growth at 30% yearly by 2020.

The one nation that is taking significant steps to approve cannabis in 2017 is Canada. Liberal Party government will disclose reforms coming spring to accelerate cannabis use for recreation, not just medicinal. As per an update from the Mackie Research Capital Corp., the Canadian marijuana market will be worth over $2.5 billion in next 4 years, considering full legalization, that is for recreational as well medical applications, in 2017.

Cannabis Sativa prime business is promoting and progressing natural cannabis stuffs from edibles to strains and also to delivery systems. The entity has a subsidiary unit named Wild Earth Naturals, which has a portfolio of products like face moisturizer and lip emollient.