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Ocean Tomo releases cannabis industry report

Monday, January 25, 2021 — 12:46:30 (EST)

CHICAGO (PRWEB) JANUARY 22, 2021--Ocean Tomo, LLC, the intellectual capital merchant banc™ firm, released its Cannabis Industry Report examining the components of market value, challenges and changes in the cannabis marketplace, and the increasingly critical role of intangible asset protection in the industry. Ocean Tomo Cannabis Industry Analyst, Daniel Fang, commenting on the market development, reflects on how COVID-19 has impacted the Cannabis Industry, "contrary to most industries, the cannabis industry saw record growth in 2020 despite COVID-19. Because many retail outlets and dispensaries are 'essential businesses,' they stayed open throughout the pandemic. They adopted new ways of serving customers, from curbside pick-up to drive-through windows and deliveries".

The development of the cannabis industry has been rapid. With recent state legislative support, many competitors in the marketplace have explored new ways to capture market share while transforming their offerings. M&A activity has added to the industry's complexity and has shed light on the importance of intellectual property protection. "Managing a company's cannabis IP requires consideration of the available cannabis patents, plant variety protection, design patents, and trademark protections. These protections vary by country but are imperative to optimize company performance in the developing cannabis market", Mr. Fang concluded.

In 2018 Ocean Tomo launched a series of Industry Analyst Reports providing a comprehensive look at current industry trends and deal activity. As a financial advisor focusing on technology and intellectual property (IP), Ocean Tomo has gained unique insights from more than 1000 engagements involving more than 100 different technologies. This experience has allowed us to understand the nuances of intellectual property protection across industries. Our reports currently examine the following industries: IP Licensing Companies, Blockchain & Cryptocurrency, Cannabis, Cybersecurity, Federal Use of Technology, IP Licensing Companies, and OLED.This year, Ocean Tomo adds Automotive and Medical Device industries to our scope of analysis. You can learn more about the industries covered by Ocean Tomo at www.oceantomo.com/media-center/industry-reports/.

Ocean Tomo Industry Reports share unique insights related to technology and the intellectual property driving business value. Daniel Principe oversees the creation of Industry Reports for Ocean Tomo and covers Cybersecurity for the firm. Dan shares, “each report reflects on leading market participants, current industry trends, and important deal activity. The reports provide industry predictions, emerging industry partnerships, and analysis of intellectual property protection considerations.”

To learn more, download the Cannabis Industry Analyst Report here. To explore this topic and its implications for your intellectual property assets and strategies, please contact Daniel Fang (+1 415 946 2584 | dfang@oceantomo.com | Daniel Fang's Bio) for further assistance.

About Ocean Tomo

Ocean Tomo the Intellectual Capital Merchant Banc™ firm, provides companies with financial services related to intellectual property and intangible assets including financial expert testimony, intellectual property and complex financial instrument valuation, strategy consulting, risk & regulatory compliance, patent analytics, investment advisory, innovation management consulting and transaction brokerage.

Our Opinion, Management, and Advisory Services are built upon more than three decades of experience valuating intellectual property in the most rigorous of venues – State, Federal and international courts. Our financial and market experts along with leading technologists provide a unique understanding of the contributory value of proprietary innovation. This is the cornerstone of our business. This insight permeates every practice and client engagement. Collectively, Ocean Tomo professionals have completed over 1000 engagements involving IP worth in excess of $10 billion including over 300 valuation and 500 financial damages expert testimony engagements.

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Source: Company press release.