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, [email protected], JSHeld.com
SOURCE J.S. Held
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