With new companies emerging in all different types of industries, it is no wonder why the ever-advancing technology that these firms generate would want to be kept secret. Companies gain strategic competitive edges from keeping their intellectual property a secret. Disclosing their trade secrets would result in other companies following suit and copying their ideas. The hemp industry is no different, as one can see the specific instances of intellectual property that these hemp firms fight for. Many companies have their own secret extraction methods or secret ingredient lists that are something competitors cannot offer. This can been seen everywhere, as almost every company claims to have their own unique twist on their hemp products. …show more content…
This is where intellectual property will come into play. First off, I will need to develop a strong brand image and begin to develop my brand loyalty. Creating trademarks such as a logo will allow customers to see my products and immediately associate them with our brand. It will be our responsibly to find people who are trying to capitalize off our already established trademark and put an end to it to preserve our name. Another key aspect of intellectual property that we must have is trade secrets. There are certain methods of propagation to hemp and cannabis that most growers would never disclose. They are secrets that keep their crops potent while maximizing yield. These trade secrets can be crucial to a company’s success. An important component that I will also be trying to utilize is a unique method of extraction. As technology changes, the methods of extraction will be changing just as fast, which means I may have the opportunity to patent my own unique extraction method. If I were able to accomplish this, I would have something that no other competitor could offer. Many hemp companies have patents on some of their products and because of this they are able to gain an exclusive customer base. In conclusion, my trademarks, trade secrets, and potential patents will be some of the determining factors for my company’s success. These
“Each year the world loses up to 58 thousand square miles of forest for paper, construction materials, firewood, and agriculture (Deforestation).” Yet a much more sustainable crop that has been cultivated for thousands of years can greatly remedy this issue. Hemp, the cousin of the marijuana plant; banned back in 1937 through the “Marihuana Tax Act” which made possetion of hemp and marihuana as well as transfer, illegal. However, as of 2015, congress has passed “The Industrial Hemp Farming Act”, and now it is up to the individual states on what to do next. People are still unsure about hemp due to the similarities to its cousin. However, I know that hemp is the key to save the world’s forests because it is a much more sustainable source of paper, clothing, and construction materieals.
The reporting and registration requirements alone brought operations for hemp manufacturers to a standstill. The Bureau of Narcotics received many letters from the hemp industry requesting leniency. One letter, just months after the bill passed, from H.W. Bellrose on October 12, 1937 promised that a “re-birth” of the industry was imminent because of the capacity of his “World
Hemp seed has been claimed as man’s perfect food. It has a complete set of essential fatty acids, along with high amounts of Omega-3 and Omega-6 oils that are extremely healthy, yet hard to find in foods. It is 75% protein. It was used for ages in cooking due to its exceptional nutritional value. Today, hemp foods are extremely expensive due its illegal status in
On of your local grocery stores should carry Hemp Granola. They might even carry other Hemp items. The imported products are extremely popular. Americas inability to produce their own products. Forces local consumers to buy forienge items. Creating a profitable agricultural industry. Will help the local and national economy. It will also create thousands of American jobs. These improvements would decrease our need to import. From other countries and eliminate the need to import Hemp.
Specific Purpose: To provide my audience with a better understanding of how useful industrial hemp could be for the economy.
crop with a vivid history spanning centuries. However, the hemp plant has been faced with controversy in the last 70 years. The industry is experiencing restrictions that are thought to be imposed by the current social, economic and political atmosphere surrounding key stakeholders, rather than any technical inferiority. Education regarding this subject seems inadequate and appears restricted to those who actively research the topic themselves. As a fiber and oilseed crop, hemp offers agricultural potential as well as the ability to be manufactured into valuable end uses. Possibilities exist for expanded growth in hemp markets and a closer look should be taken to reexamine the current situation
Say hello to the durable and dependable plant known as hemp. If you want a fabric that lasts “Hemp fiber is one of the most durable natural materials found around the world. (Couillard, 2015), but hemp stays illegal because it is in the cannabis family, and it “is a good textile for making clothing that feels good and soft like linen” (Couillard, 2015). That doesn’t matter because as long as we continue to demonize cannabis and keep cannabis illegal. We cannot experience another beneficial product and economic booster in this country. “Americans purchased an estimated $620 million of hemp products in 2014” (Couillard, 2015) problem is “All of the hemp used in these products was imported from other countries even if the product was made in the
Do any of you know the difference between industrial hemp and marijuana? Would you like to? The purpose of this speech is to explain the differences in marijuana and industrial hemp, and to show the need to reform the present hemp laws in the United States in order to make hemp available for industrial purposes. The hemp plant shows its unique versatility by having many uses in industry and hemp has many distinct benefits over its counterpart in industry today. The usage of hemp would result in cleaner and more efficient industry. I will first discuss the differences between hemp and marijuana to avoid confusion, and then state the many ways that industrial hemp can help our economy such as; the use for fiber, the use in foods, and
One of the first things about marijuana history that the American public still doesn 't understand is that cannabis, was once very legal to grow in the United States. In fact, up until 1883 it was one of the largest agricultural crops in the world, including America.(The Union) But it wasn’t grown for the psychoactive plant cannabis sativa. Cannabis hemp, which carries a fraction of the amount of THC, (the compound in marijuana that attributes to the high feeling) was and is used all over the world, producing the overall majority of Earth’s fiber, fabric, paper, and medicines.(Herer,20) Hemp has a deep American History as well, from the gardens of George Washington and Benjamin Franklin to the 8,327 American hemp plantations counted in the 1850 census.(Herer,15) Yet the Federal government now recognizes cannabis as a Schedule I drug with no medical value, and 23 States have legalized cannabis for medicinal use. (The Union) Even though some western states such as Oregon and Colorado are making legal changes to marijuana policy at the state level, the most beneficial marijuana law we could pass is and always has been the Nationwide legalization of industrial Cannabis Hemp.
On October 1, 1937, the Marihuana Tax Act of 1937 was enacted and it prohibited all forms of cannabis sativa. Although the bill was targeted towards the banning of marijuana and both forms of cannabis on separate ends of the sativa spectrum, there was no specification on which form was directed for the ban. Thus both were prohibited from being grown in the United States of America. In November of 2016, marijuana officially became legal to grow in all fifty states, yet industrial hemp is still currently legal to be grown in 13 states within the USA. Hemp is largely exported to the US from other countries. It is imperative that hemp becomes legal to be grown around the entire country, for hemp will help retain the USA’s revenue by using hemp grown in America, has can be used for many different purposes such as clothing or food for example, has the potential to reduce American citizen’s carbon footprint as a substitute for paper and gasoline, and has no major threat to the industrialization of hemp in factories.
Industrial Hemp is an ancient crop, which has a multitude of diverse uses. The earliest uses of Hemp can be traced back to the Sumerians and probably even earlier in man’s unrecorded history. Industrial Hemp is not Marijuana though the two plants are of the same family and have passing resemblance to one another. Industrial Hemp’s myriad uses are being rediscovered and at the forefront of research in diverse fields. I will be attempting to dispel some of the myth, and providing history and proven uses of this amazing plant.
Hemp is one of the most desirable industrial plants on the planet. The plant is also one of the most versatile plants known to man and can be used for the purposes of feed, clothing, paint, paper, and plastic, but cultivation is still illegal. More importantly, hemp is one of the most eco-friendly and sustainable resources that can improve people’s lives with minimal environmental impact.
The history of marijuana in the United States government date back to the origins of the United States government itself. During the 16th century, the mass production of hemp was encouraged by the British government for its fibrous content, which was used for making fabric, ropes, cords, and other items (“Marijuana Timeline” 2014). By 1619, the Virginia assembly passed legislation requiring each household in the colony to cultivate hemp, praising its variety of beneficial uses. Even after the American Revolution, hemp continued to be a large part of the American economy. By mid-19th century, hemp was the third-largest crop in the United States, only exceeded by cotton and tobacco. As technology was developed, however, the need for
Hemp is one of the most desirable, industrial plants on the planet. The plant is also one of the most versatile plants known to man and can be used for the purposes of feed, clothing, paint, paper, and plastic, but cultivation is still illegal. More importantly, hemp is one of the most eco-friendly and sustainable resources that can improve people’s lives with minimal environmental impact.
Throughout American history our country has come to rely on many different natural resources. With technology and the population increasing, the number of fossil fuel reserves and natural forests are going down. What America needs is a renewable source of fuels and fibers that will meet the growing needs of the future, but will not damage our environment. One of the most promising sources of fiber, fuel, and natural oil is hemp. Hemp, also known as Cannabis Sativa L, has been used in our country since the early 17th century (Schreiber 160). Although hemp is considered an illegal drug, many people forget that it is a part of our country’s history. Despite its negative connotations, hemp has the potential to revolutionize the paper,