Business
Unique Challenges in Cannabis Patent Valuation
Patents are increasingly a significant proportion of a cannabis company’s claimed valuation. As cannabis companies identify ways to differentiate their business from competitors, patents play an important role in ensuring that competitors cannot duplicate their products or processes.
Patents are often used to insulate products from direct competition by building temporary barriers to prevent competitors from using the same advantages. Companies can also build portfolios of patented technology that can be sold or licensed like any other asset, or used to enhance their valuation for acquisition or investment.
Not all patents, however, are created equal. Patents are supposed to be issued only for new and useful inventions, but many conflicts and self-sabotaging policies are built into the patent system that frequently result in “bad” patents–in all fields of technology–that would be invalidated if ever enforced. These patents look like all others at first glance, but they have no practical value. On the other hand, highly defensible patents may be practically worthless because they have no commercial applicability.
Involving a patent attorney who is familiar with the industry’s technology can significantly increase your ability to evaluate the worth of a patent or portfolio.
When reading and evaluating the value of a patent, whether in cannabis or any other field, there are four main considerations:
1) What do the patents actually cover?
Evaluating a patent’s scope of coverage is a two-step process. Step one is to determine what products or processes are covered by the specific language of the patent claims. Patents are technically dense documents that often seem much broader than they really are.
The idiosyncratic language and nuanced technicalities of patent law make patents difficult to understand for non-patent professionals, even experienced lawyers or scientists. Seemingly minute changes in language (i.e., “comprising” vs. “consisting of”) can have enormous consequences on what technologies are covered by the patent.
The second step of patent interpretation is to identify any “hidden” limitations on the patent’s scope. Frequently, and for a variety of reasons, a patent’s actual coverage may be significantly narrower than the explicit words of the patent. This typically results from the applicant making arguments or amendments during the lengthy application process.
The patent application process often lasts several years and involves dozens of communications between the applicant and the patent office. Applicants often make arguments to distinguish their invention from previous inventions in the hopes of convincing the patent office to grant them a patent. Under certain circumstances, those arguments can dedicate some aspects of the invention to the public and later be used against the patentee if they try to assert their patent rights.
Determining the patented subject matter is a critical step in valuing any patent and cannabis patents are no exception.
2) Is the patented technology valuable to the industry?
Not every patent is valuable. The application and examination process is supposed to ensure that patents are awarded only for “new” and “useful” inventions, but there is no requirement that the invention be commercially viable.
Patents may issue that have no practical value because no company is interested in making or using that technology, as in the often cited useless patent below, the Greenhouse Helmet. Or, even worse, they may be able to achieve the same (or better) results by simply making minor changes that avoid the patent claims altogether. The ease with which a competitor can “design around” patents and achieve similar results will greatly reduce the value of a patent.

It is not always easy to evaluate how valuable a particular invention is to an industry. One of the best indicators is the current commercialization of the invention. If the patentee and their biggest competitors are all using the patented technology, that is a strong indication that the technology has commercial value. On the other hand, if commercial realities or consumer preferences have limited the patented technology’s adoption, the patent may be practically worthless.
In the cannabis industry, technology is changing rapidly. There are often many different paths to the same destination. Whether a patented new method, composition, formulation, or device has any commercial value is a matter of whether the technology provides substantial reduction in production costs or increase in consumer demand. Proper valuation of cannabis patents therefore requires deep technical understanding of the cannabis supply chain.
3) Do major validity threats exist?
The biggest threat to any patent in any field is prior art. Prior art refers to any printed publication (typically patents and academic papers) or use of an invention before the patent’s filing date. Patented inventions are supposed to be “novel” and “nonobvious,” meaning that they represent a non-trivial advancement of public knowledge. Evidence that the invention was known or in public use prior to the application’s filing date (i.e., that it was prior art) can invalidate or limit the scope of a patent.
Identifying all potentially invalidating prior art, however, is difficult, if not impossible. High-stakes patent litigation will often uncover seemingly buried prior art, like the only copy of a doctoral thesis housed in a German library. Patent search companies can also look through commercial and proprietary databases to identify potentially relevant prior art, but that process can be expensive and is not guaranteed find all references.
Finding invalidating prior art is especially challenging in the cannabis industry, where federal prohibition has significantly limited traditional forms of prior art. In many cases, the inventions were used for years prior to filing but were not published in traditional sources. Examiners and search firms generally do not check future4200.com, Reddit, or dark web forums for cannabis prior art. To have any practical value, therefore, prior art searches for cannabis inventions must be carefully tailored to both the technology and industry segment.
4) Were critical patentability and ownership requirements met?
Aside from prior art, the biggest threats to a patent’s value are the technical requirements of the patent’s ownership and priority claims.
Ownership is perhaps the most obvious. In the U.S., patent rights belong to the inventors and are not automatically transferred to their employers. It is important to review assignment records to verify that the purported owner actually possesses those rights.
Patent priority is somewhat less intuitive than ownership, but it can have a big impact on a cannabis patent’s validity. Applicants can file multiple related applications on different aspects of the technology. Applications with an intact priority chain are entitled to the benefit as if they were filed on the earliest application date with the claimed subject matter. The earlier the priority date, the more likely the patent will withstand prior art challenges.
Failure to file the appropriate documents at the appropriate time can break the priority chain and result in a much later priority date. This is especially problematic in cannabis patents, where the bulk of prior art has been published in the last decade. Losing 1-2 years of priority could result in dozens of additional prior art references coming into play.
Takeaways
More and more patents covering cannabis technology issue every week. In all industries, but especially cannabis, it is vital to pair patent law expertise with technical understanding of the industry. The four questions above should be carefully considered in all situations where patent valuation is at issue.
Source: https://harrisbricken.com/cannalawblog/unique-challenges-in-cannabis-patent-valuation/
Business
Jio’s 1,600-Satellite LEO Constellation Gets Technical Green Light
Reliance Jio has crossed a significant milestone in its space connectivity ambitions after its proposal to deploy a Low Earth Orbit (LEO) satellite constellation of around 1,600 satellites received a positive technical assessment from the Indian National Space Promotion and Authorisation Centre (IN-SPACe).
The evaluation, conducted jointly by IN-SPACe, the Indian Space Research Organisation (ISRO), and the Wireless Planning and Coordination (WPC) wing of the Department of Telecommunications, reportedly concluded that Jio’s proposed system meets the required technical standards and is comparable to leading global satellite broadband networks.
India’s Indigenous LEO Satellite Vision
Under the proposal, Reliance Jio plans to deploy between 1,600 and 1,650 satellites in Low Earth Orbit at an altitude of around 650 kilometres.
The planned constellation is expected to provide high-speed satellite connectivity across India, with approximately 32 satellites visible from any location at a given time. The company aims to roll out the network within the next two to three years, subject to regulatory approvals.
According to industry estimates, the satellite system could deliver 4.5 to 5 terabits per second (Tbps) of total data capacity, making it one of the largest satellite broadband projects proposed in India.
The project is expected to require an investment of $10–15 billion (approximately ₹95,000 crore to ₹1.42 lakh crore), reflecting the scale of infrastructure needed for satellite manufacturing, launches, ground stations, and user terminals.
Regulatory Process Moves Forward
Following the successful technical review, the proposal is expected to move into the next phase of regulatory approvals.
The government may now assist Jio in securing orbital slots, coordinating spectrum usage, and filing applications with the International Telecommunication Union (ITU), the global body responsible for managing satellite orbit and frequency allocations.
Obtaining orbital rights remains a critical step, as Low Earth Orbit has become increasingly competitive due to the growing number of satellite broadband projects being planned worldwide.
Officials also indicated that the proposed satellite architecture has been designed to coexist with future Indian LEO constellations, allowing multiple domestic operators to share orbital resources efficiently.
Broadband, Mobile Connectivity, and Strategic Applications
Jio plans to use the satellite network to provide a range of communication services, including satellite broadband, mobile backhaul, enterprise connectivity, and direct-to-device (D2D) satellite communication, particularly in remote and underserved regions where conventional telecom infrastructure is limited.
The company also intends to establish 20 to 22 ground stations across India to support network operations.
Apart from commercial telecommunications, officials have highlighted the project’s potential strategic importance. A domestically developed satellite constellation could strengthen India’s communication infrastructure, reduce dependence on foreign satellite operators, and support national security requirements.
Reports suggest preliminary discussions are underway regarding the possibility of integrating defence-related payloads into some satellites, enabling both civilian and strategic use.
Major Step for India’s Space and Telecom Sectors
Industry analysts view the technical clearance as an important milestone in India’s expanding private space ecosystem. If Jio secures the remaining regulatory approvals and international orbital clearances, the project could become the country’s first large-scale indigenous LEO satellite broadband network.
The initiative also aligns with India’s broader efforts to expand digital connectivity while strengthening its presence in the global satellite communications market.
Business
Alleged Crores Pharma Scam Mastermind Arrested from Surat
After evading law enforcement for nearly 13 years, an accused linked to a large-scale pharmaceutical fraud case has been arrested by Delhi Police from Surat, Gujarat. The suspect is alleged to have orchestrated a series of financial scams involving fake identities, forged documents, and dishonoured cheques used to procure high-value pharmaceutical raw materials.
Authorities say the accused, identified as Himmat Singh Lodha, is believed to have defrauded multiple pharmaceutical companies in Delhi of goods worth approximately ₹98 lakh before disappearing and remaining underground for years.
Fake Business Deals and Dishonoured Cheques Used in Fraud
Investigators claim the accused posed as a legitimate pharmaceutical trader and placed bulk orders for expensive drug ingredients, offering post-dated cheques as payment security.
In one documented case from 2013, he allegedly obtained around 550 kilograms of Gliclazide, a diabetes-related pharmaceutical ingredient, valued at over ₹26 lakh. When suppliers attempted to encash the cheques, they were reportedly returned with the remark “account closed.”
Following the transaction, the accused allegedly vacated his office and rented residence and disappeared without settling payments. He was later declared a proclaimed offender in 2016 after repeatedly failing to appear before court proceedings. Authorities had also issued a reward for information leading to his arrest.
Multiple Identities and Repeated Fraud Pattern
Police investigations further link the accused to another cheating case dating back to 2012, where he allegedly used a fake identity, “Kailash Jain,” to obtain a large consignment of Ambroxol HCL, a pharmaceutical compound used in cough medications. The value of that consignment was estimated at around ₹72 lakh.
Officials believe the accused followed a consistent modus operandi—posing as a credible businessman, securing high-value goods on deferred payment terms, and then disappearing after delivery while shutting down business operations.
Investigators suspect that forged business records, fake company credentials, and fabricated financial histories were used to build trust with suppliers and gain access to expensive raw materials.
Multi-State Surveillance Leads to Arrest in Surat
A special Crime Branch team tracked the accused through coordinated surveillance efforts across multiple cities, including Mumbai, Ahmedabad, and Surat. After nearly a month of technical monitoring and intelligence gathering, officials located and arrested him from a residential area in Surat.
Authorities also revealed that the accused had been involved in property-related activities while staying under the radar to avoid detection.
Growing Threat of Corporate Identity Fraud
The case highlights a rising trend of organised financial fraud targeting industries that rely heavily on trust-based transactions and deferred payments. Experts note that criminals increasingly exploit gaps in corporate verification systems by using fake GST registrations, temporary offices, and forged documentation to appear legitimate.
Cybercrime and financial fraud specialists warn that such schemes are becoming more complex with the widespread availability of digital business tools, making it easier to create convincing but fraudulent corporate identities.
Experts Urge Stronger Due Diligence in High-Value Transactions
Experts, including former IPS officer and cybercrime specialist Prof. Triveni Singh, emphasize the need for stricter verification procedures in commercial dealings. He noted that relying solely on paperwork or digital business profiles can expose companies to significant financial risk.
Authorities and industry experts recommend physical verification of business operations, bank account validation, and detailed background checks before engaging in high-value or deferred-payment transactions—particularly in sectors like pharmaceuticals, where single consignments can involve transactions worth crores.
Business
EU Pressure Builds on Google as Regulators Face Calls for Massive Fine Over Search Practices
A growing coalition of European industry groups is intensifying pressure on regulators to take decisive action against Google over allegations of unfair search practices that could reshape competition rules across the region’s digital economy.
Investigation Under Digital Markets Act Gains Momentum
The case is being examined by the European Commission under the European Union’s landmark Digital Markets Act (DMA), introduced to curb the dominance of major technology platforms and ensure fair competition.
Launched in March 2024, the investigation focuses on whether Google has been prioritising its own services in search results, potentially disadvantaging rival businesses that rely on online visibility to reach customers.
Industry Groups Demand Swift Action
Several prominent European organizations have jointly urged regulators to conclude the probe without further delay. They argue that prolonged investigations allow alleged anti-competitive practices to continue, putting European companies—especially startups—at a disadvantage.
Signatories include the European Publishers Council, the European Magazine Media Association, the European Tech Alliance, and EU Travel Tech.
In a joint statement, these groups warned that delays in enforcement are affecting innovation, profitability, and growth prospects for regional businesses competing in digital markets.
Google Denies Allegations
Google has rejected claims of bias, stating that its search algorithms are designed to deliver the most relevant and useful results to users. The company has also proposed adjustments to address regulatory concerns.
However, critics argue that these changes are insufficient and fail to address the core issue of market dominance.
Potential Billion-Euro Penalties
If found in violation of the DMA, Google could face significant financial penalties. Under EU rules, fines can reach a substantial percentage of a company’s global turnover, potentially amounting to billions of euros.
Regulators may also impose corrective measures requiring changes to business practices, which could have long-term implications for how digital platforms operate in Europe.
Wider Implications for Big Tech
The case highlights ongoing tensions between European regulators and major U.S. technology firms. In recent years, the EU has taken a more aggressive stance in enforcing competition laws, aiming to create a level playing field for local businesses.
A final ruling against Google could set a major precedent, influencing future enforcement actions and shaping the regulatory landscape for global tech companies operating within Europe.
As scrutiny intensifies, the outcome of the investigation is expected to play a critical role in defining the future of digital competition across the European Union.
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