2023 Cannabis Industry Report

J.S. Held’s Inaugural Global Risk Report Examines Potential Business Risks & Opportunities in 2024

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The cannabis industry continues to expand in 2023, aided by legislative victories and increasingly positive consumer sentiment. However, the industry is highly regulated, and, often, state laws can conflict with federal laws. Making things even more complex, intellectual property is still an evolving matter in the industry, but despite challenges, cannabis businesses are actively pursuing patents, specifically regarding cultivation techniques, strain development, extraction processes, and more.

In the 2023 Cannabis Industry Report, experts with J.S. Held and Ocean Tomo, a part of J.S. Held, examine the current state of the cannabis market. Topics include:

  • Cannabis Market Overview
    • History of cannabis regulation
    • Intellectual property basics
    • Cannabis regulation and banking in the U.S.
    • U.S. market breakdown and predictions
    • Key players in the cannabis space
    • Factors influencing the market
  • Capital Markets
    • Cannabis vs S&P 500 vs Dow Jones (2020-2023)
    • EV/Total Revenue – LTM
  • Intellectual Property (IP)
    • Current state of the cannabis IP market
    • Cannabis trademark infringements
    • Largest patent portfolios (US/Global)
    • Patent analyses (various companies)

More About the Contributors

Daniel Principe is a Manager in the Intellectual Property Disputes Financial Expert Testimony practice working from the Chicago headquarters of Ocean Tomo, a part of J.S. Held. The practice area quantifies economic damages arising from Intellectual Property disputes and provides general litigation support. Mr. Principe also oversees the Ocean Tomo Industry Analysts who report on the industry trends, deal activity, and share unique insights related to technology and intellectual property informing business value.

Daniel can be reached at [email protected] or +1 312 327 4426.

Paula Durham has over 20 years’ experience as an investigation, operations, and compliance specialist. She has performed complex compliance reviews, fraud investigations, FCPA investigations, and litigation support in a wide range of industries, including defense, oil services, and manufacturing. Ms. Durham is skilled in receivership management, accounting investigations, compliance assurance, litigation support, and process improvement. Her experience also includes management of multiple State Court and Federal receiverships, as well as several financial fraud investigations. In addition, Ms. Durham has extensive experience in the cannabis industry, having served as the Director of Operations and Compliance for a vertically integrated cannabis enterprise.

Paula can be reached at [email protected] or +1 602 279 7505.

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This publication is for educational and general information purposes only. It may contain errors and is provided as is. It is not intended as specific advice, legal, or otherwise. Opinions and views are not necessarily those of J.S. Held or its affiliates and it should not be presumed that J.S. Held subscribes to any particular method, interpretation, or analysis merely because it appears in this publication. We disclaim any representation and/or warranty regarding the accuracy, timeliness, quality, or applicability of any of the contents. You should not act, or fail to act, in reliance on this publication and we disclaim all liability in respect to such actions or failure to act. We assume no responsibility for information contained in this publication and disclaim all liability and damages in respect to such information. This publication is not a substitute for competent legal advice. The content herein may be updated or otherwise modified without notice.

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