For those in the rapidly expanding legal cannabis industry, Charlotte’s Web is a very well known genetic breed of the plant that’s breaking new ground. The strain of cannabis was designed to be a high CBD variant, and has become extremely successful. Now, those same cultivators have unveiled another highly specific strain of cannabis, one that’s focused very specifically on producing quality hemp. The company, run by the Stanley brothers, is named Charlotte’s Web Holdings and has just received a United States patent for their hemp strain.
The newest product in their cannabis lineup is called CW2A, and has only trace amounts of THC, a small amount of CBD, and is legal to grow in America thanks to the 2018 Farm bill. Industry observers, both within and without, feel this patent marks the beginnings of a move by Charlotte’s Web Holdings to try and standardize their position in the broader corporate and financial landscape.
While legal cannabis cultivation is spreading cross America’s states thanks to those individual states’ voters approving legalization measures, at the federal level there is still uncertainty that complicates matters for the financial and banking ties most business have access to as a routine matter. The new patent will also allow the Stanley brothers to prevent other cannabis companies from growing and bringing to market the patented strain; forcing them to invest in their own research and development to match the hemp specific benefits of the new type of cannabis.
Progress With Cannabis: US issues its first ever patent to a hemp derived CBD strain #HealthStatus
- 1-In 2018 Americans spent 2 billion dollars on CBD products.
- 2-Many strains of hemp are high in CBD and low in THC.
- 3-CWB Holdings has a hemp plant patent that sets them apart from others in the CBD business.
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