All interesting article to read Ways to Avoid Cannabis Settlements
Ways to Avoid Cannabis Settlements
C annabis settlements can be difficult to navigate. They can often hold up business
since companies may have to settle the terms of their case before they can continue
to do business. If you want to make sure that your company does not have to go to
court or deal with legal issues, here are some guidelines to consider:
Be Aware of Intellectual Property
Not too long ago, the adhesive company Gorilla Glue agreed to reach a settlement
with a marijuana strain of the same name. The blue company said that the
manufacturers of the Gorilla Glue weed strain were guilty of trademark
infringement.
Because of the agreement, the Gorilla Glue marijuana strains, which are numbered
Gorilla Glue #1, 4 or 5, cannot be advertised with a picture of a gorilla or any imagery
that is similar to the Gorilla Glue adhesive company within 12 months. The cannabis
company is also required to shut down its website, gorillaglue4.com; the cannabis
organization is required to hand the domain over to Gorilla Glue the glue company
by January 1, 2020. The issue was settled in a federal court in Ohio. This is the state
where the original Gorilla Glue company headquarters is located.
Stick to State Guidelines
If you find that you have to meet the terms of a settlement for your cannabis
company, it could be because you did not follow state-specific rules. This is why it is
best to have a legal team working with you when you open your business. The
attorneys can look through the documents associated with the settlement to let you
know which guidelines you should pay special attention to. You should also go to a
lawyer to look over all the contracts that are associated with your business. This will
let you know which products are allowed at your establishment, as well as the items
that you are permitted to sale online from your state. Make sure that you go over
customer relations rules with your lawyer, so you will know which information you
should convey to consumers. When you stick to the rules, you will be more likely to
avoid a settlement.