Authored by Ocean Tomo's intellectual property specialists and
featuring insights from J.S. Held's Environmental Health &
Safety and Corporate Finance experts, the report offers in-depth
analysis, predictions and key factors influencing the cannabis
industry.
JERICHO,
N.Y., June 25, 2024 /PRNewswire/ -- Global
consulting firm J.S. Held, proudly celebrating 50 transformative
years, announces the release of a comprehensive Cannabis Industry
Report by Ocean Tomo, a part of J.S. Held. The report provides an
extensive overview of the industry's growth, challenges and
opportunities, and is the result of a collaboration between Ocean
Tomo's intellectual property specialists and J.S. Held's
Environmental Health & Safety (EHS) and Corporate Finance
experts, offering a multidisciplinary perspective on the cannabis
sector. The report is available for download here:
https://oceantomo.com/download-cannabis-report/.
The Cannabis Industry Report features six key predictions for
the industry, including the increasing reliance on mergers and
acquisitions (M&A) for long-term growth and the potential
impact of reclassifying marijuana from a Schedule I to a Schedule
III drug. The report also identifies six critical factors
influencing the cannabis market, such as regulatory complexities
and the importance of intellectual property protection.
"The cannabis industry has undergone significant
transformations, evolving from a budding market to a booming sector
with complex regulatory frameworks and increasing acceptance," said
Brent Hull an Analyst in the
Management Consulting and Valuation practice of Ocean Tomo, a part
of J.S. Held. "Intellectual property has emerged as a critical
factor in the industry's growth, providing companies with the means
to protect their innovations, maintain competitive advantages, and
foster brand recognition. Despite the opportunities, the cannabis
industry faces unique IP challenges, complicating the enforcement
of IP rights."
James E. Malackowski, Co-founder
and Senior Managing Director of Ocean Tomo, a part of J.S. Held,
provides insights into the future of M&A in the cannabis
industry. "Despite financing challenges, companies increasingly
rely on M&A to support long-term growth in this category," said
Malackowski. "Several trends are shaping the future of M&A in
cannabis, including the push for vertical integration, geographic
expansion, and consolidation among multistate operators, among
others."
Dr. Patrick Kerzic, Principal
Toxicologist and Senior Technical Fellow of Industrial Hygiene at
J.S. Held, offers insights into the science of cannabis. "The use
of cannabis, regardless of method, is associated with euphoric and
relaxing effects, as well as anxiety in some cases," said Dr.
Kerzic. "The method of use may make dosing difficult, as key
variables such as THC content are often unknown and delayed effects
(as with edibles, for example) may lead to increased use."
Paula Durham, Corporate Finance
Director at J.S. Held, emphasizes the challenges faced by the
cannabis industry. "The cannabis industry faces challenges due to
variance in supply, demand, pricing, and financial leverage," said
Durham. "The federal tax code adds further complications along with
the lack of support from the US bankruptcy court. Even with
cannabis industry expansion and reports of skyrocketing revenue,
large and small industry players are feeling distress."
Daniel Principe, a Director in
the Management Consulting and Intellectual Property Valuation
practice at Ocean Tomo, a part of J.S. Held, oversees the Ocean
Tomo Industry Analysts. Principe observes, "Ocean Tomo's Industry
Analysts remain at the forefront of significant trends and
developments in the Cannabis industry." Principe adds, "Our
continued collaboration with J.S. Held experts adds valuable
subject matter expertise to our industry reports and client
projects. Ocean Tomo holds a unique position allowing the
combination of deep intellectual property expertise with the
specialized knowledge of J.S. Held's scientific and corporate
finance professionals that is showcased through our industry
reports."
Learn more about the dedicated and entrepreneurial experts who
help transform J.S. Held, explore our story, and celebrate this
momentous milestone, our 50 & Forward celebration, with us at
jsheld.com.
About Ocean Tomo, a part of J.S. Held
Ocean Tomo provides Expert Opinion, Management Consulting,
Advisory, and Specialty Services focused on matters involving
intellectual property (IP) and other intangible assets. Practice
offerings address economic damage calculations and testimony;
business licensing strategy and contract interpretation;
patent-focused business intelligence; portfolio development
strategy; litigation support; trade secret reasonable measures;
asset and business valuation; strategy and risk management
consulting; merger and acquisition advisory; debt and equity
private placement; and IP brokerage. Subsidiaries of Ocean Tomo
include Ocean Tomo Investments Group, LLC, a registered
broker-dealer.
As a part of J.S. Held, Ocean Tomo works alongside more than
1500 professionals globally and assists clients – corporations,
insurers, law firms, governments, and institutional investors – on
complex technical, scientific, financial, and strategic matters
across all assets and value at risk.
About J.S. Held
J.S. Held is a global consulting firm providing technical,
scientific, financial, and strategic expertise across all assets
and value at risk. Our professionals serve as trusted advisors to
organizations facing high-stakes matters demanding urgent
attention, staunch integrity, proven experience, clear-cut
analysis, and an understanding of both tangible and intangible
assets. The firm provides a comprehensive suite of services,
products, and data that enable clients to navigate complex,
contentious, and often catastrophic situations.
More than 1,500 professionals serve organizations across six
continents, including, 81% of the Global 200 Law Firms, 70% of the
Forbes Top 20 Insurance Companies (85% of the NAIC Top 50 Property
& Casualty Insurers), and 65% of the Fortune 100 Companies.
J.S. Held, its affiliates and subsidiaries are not certified
public accounting firm(s) and do not provide audit, attest, or any
other public accounting services. J.S. Held, its affiliates and
subsidiaries are not law firms and do not provide legal advice.
Securities offered through PM Securities, LLC, d/b/a Phoenix IB, a
part of J.S. Held, member FINRA/ SIPC or Ocean Tomo Investment
Group, LLC, a part of J.S. Held, member FINRA/ SIPC. All rights
reserved.
Pull Quote
Intellectual property has emerged as a critical factor in the
cannabis industry's growth, providing companies with the means to
protect their innovations, maintain competitive advantages, and
foster brand recognition.
Media Contact
Kristi L Stathis, J.S. Held, +1 786 833 4864,
Kristi.Stathis@jsheld.com, JSHeld.com
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SOURCE J.S. Held