Monday, July 2, 2018

Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; K. Lance Anderson, intellectual property attorney, discusses cannabis sector

Investor Ideas #Potcasts; #Cannabis News and Stocks on the Move; K. Lance Anderson, intellectual property attorney, discusses cannabis sector

Pt. Roberts, WA; Delta, BC –July 2,  2018 ( Newswire), a global news source covering leading sectors including marijuana and hemp stocks and its “potcast’ site,  release today’s edition of its series, potcastsCM - cannabis news and stocks to watch plus insight from thought leaders and experts.

Investor Ideas talks to K. Lance Anderson, an intellectual property attorney focused transactions, as well as technology aspects of mergers and acquisitions and joint venture about the cannabis sector in the U.S.

Listen to the podcast:

In Part 1 of our interview series he discusses the State by State legality of the cannabis industry and the hindrance it causes business. Lance notes Intellectual Property plays a role in both recreational and medical cannabis.  He tells Investor Ideas, “The biggest issue is, you have to set all this this up in a State. If you are operating as a brand and you want to expand into another State you’ve got to do it all over again. The plant you start with, you will have a different source for that in each State so it’s difficult to maintain that consistency that you would see in a normal product in other industries in the cannabis industry.”

“A part of that is that  you have to be very careful  and very clear about the process; here is what it would require  to have a quality product no matter what State you are in,”

He also discusses the migration of pharmaceutical and beverage industry experts into the cannabis sector. “A lot of folks from the pharmaceutical industry are coming into the picture. I’m witnessing that, and with that comes cool things like a drug delivery platform that’s able to deliver poorly soluble drugs in the pharmaceutical industry now being applied to an oil-based extract from the Cannabis plant.” Lance Anderson goes on to mention how, “A lot of (people) are coming in from the food and beverage perspective. And again, they have the marketing and branding and distribution acumen, and are also able to deal with regulatory frameworks that might be more strict than other consumer goods.”

Mr. Anderson also mentions GW Pharma ( NASDAQ: GWPH) in regard to the perseverance required for the industry. GW Pharma has had the US Food and Drug Administration approve the first cannabis-derived drug though it can’t be sold until the Drug Enforcement Administration changes how it classifies the specific compound used. “GW Pharma has been at it for a while and are finally seeing the fruits of that,” commented Anderson.

When asked when federal change might happen in the USA and how far off this might be Anderson said, “I think the train has already left the station. We’ve allowed for the states to go this far, all the way to recreational use and in some states, it’s done. I think federal change is in the near future. We just had the republican party here in Texas vote on their platform and voted for expanding the laws and decriminalizing. Things that you would not normally see in a conservative republican platform. If it’s happening there, then that too me is a good indicator of a sweeping change in the perspective of our legislators. And why? It’s because of the votes. If you look at all the surveys and all the polls of voters, they support this. It’s happening sooner rather than later. It’s already happening. The rescission of the Cole memo if anything galvanized and caused a more concerted effort to deliberately address this.”

Check out Part 2 of our interview coming soon where we discuss the patent and intellectual property laws affecting the Cannabis industry.

K. Lance Anderson has extensive experience preparing and negotiating technology and intellectual property-focused transactions, as well as technology aspects of mergers and acquisitions, joint ventures, and other complex commercial transactions. A registered patent attorney, Mr. Anderson also conducts patent prosecution, due diligence for licensing, and acquisitions, technology agreements, strategic planning, patent prosecution, trade secrets, employment mobility, and related operational legal issues.

Prior to private practice, Lance served for over ten years as in-house counsel and lead intellectual property attorney for both a large public research university system and an early stage venture capital company, overseeing all facets of intellectual property development, management, and transactions. His experience and background contribute to skill sets applicable to technology transfer and emerging technology, high-tech, health-IT, agricultural biotechnology, pharmaceuticals/life sciences, consumer products, oil & gas, and renewable energy.

Lance represents clients within the innovation and research enterprise including R&D, clinical and regulatory matters, strategic collaborations, CRADA’s, manufacturing, distribution, engineering services, institutional technology transfer, confidentiality and materials exchange, and related alliances. In addition to representing clients on intellectual property issues, he has been involved in many aspects of corporate law, operations, financing and litigation ranging from start-up and early stage companies to mature market leaders.

Dickinson Wright is positioned as one of the only full-service law firms to welcome clients operating in this industry and to provide specialized counsel both to clients operating with state-issued licenses and to businesses providing goods and services to the industry.

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