The Growing Importance of State Trademarks

A trademark is a type of intellectual property consisting of a word, phrase, logo, sound, or smell that identifies the source of ownership of goods and/or services. Obtaining a federal trademark provides the trademark owner the exclusive right to use the trademark nationwide and allows the owner to pursue an infringement action against others for using an identical or confusingly similar mark. Obtaining a state trademark affords an owner a similar form of limited protection; however, the owner only has the exclusive right to use the trademark within the state she registers.

Ritter Spencer, PLLCThe Growing Importance of State Trademarks
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FDA Rejects Charlotte’s Web’s Application for CBD as a Dietary Supplement

The U.S. Food and Drug Administration (FDA) rejected an application from Charlotte’s Web Holdings, Inc. for their full spectrum hemp extract. In a press release on August 11, 2021, Charlotte’s Web, a hemp health supplement company, announced that the FDA published an objection to their New Dietary Ingredient (NDI) application the company submitted on March 31, 2021. 

Ritter Spencer, PLLCFDA Rejects Charlotte’s Web’s Application for CBD as a Dietary Supplement
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3 Business Disputes That May Lead To Litigation

In any industry, business disputes are commonplace, whether it’s between businesses, business co-owners, Limited Liability Company (LLC) members, or corporation shareholders. These disputes can occur over a wide range of business-related disagreements, including everything from shareholder disputes to breach of contract cases. Accordingly, every company should work with an experienced law firm that specializes in business disputes to handle commercial litigation appropriately and reach the most favorable outcome. Below, we’ve outlined some of the most common business disputes that may lead to litigation. 

Ritter Spencer, PLLC3 Business Disputes That May Lead To Litigation
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Amazon to Stop Marijuana Testing, Pledges Support for the MORE Act

On June 1st, 2021, Dave Clark, Amazon’s CEO Worldwide Consumer, announced the company’s new corporate drug testing policies. The global conglomerate’s modified policies are part of Jeff Bezos’ “Earth’s Best Employer and Earth’s Safest Place to Work” initiative to improve Amazon’s working conditions. 

Ritter Spencer, PLLCAmazon to Stop Marijuana Testing, Pledges Support for the MORE Act
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Understanding Business Formation Options

Choosing the right business structure is a necessary step in creating a successful, lucrative company, although oftentimes, it’s a step that gets overlooked. Several different business structures exist to provide a precise and dynamic legal fit for various companies. Additionally, your business’s structure influences everything from how much you pay in taxes and the kind of paperwork you must file, to your personal liability protections and ability to raise money. Below, we’ve outlined the four most common types of business formations and which ones work best for certain businesses. 

Ritter Spencer, PLLCUnderstanding Business Formation Options
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The Next Risk Inherent Cannabinoid: THC-O-acetate

As the hemp industry continues with the delta-8 THC craze, another minor cannabinoid is beginning to see market prevalence. THC-O-acetate, commonly referred to as THC-O or ATHC, has also been referred to as the “spiritual cannabinoid,” with some users likening the effect to psilocybin when ingested. Currently, there is a dearth of clinical research regarding efficacy, dosage, and benefits of THC-O.

Ritter Spencer, PLLCThe Next Risk Inherent Cannabinoid: THC-O-acetate
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Mexico Decriminalizes Recreational Marijuana, Moves Towards Legalization

On June 28, 2021, the Mexican Supreme Court voted in an 8-3 ruling in favor of the decriminalization of marijuana. This ruling comes after Congress stalled a decision over cannabis legalization for over three years. The Mexican Supreme Court’s monumental ruling exerts pressure on the Mexican Congress to vote on cannabis legalization. If approved by Congress, Mexico would become the largest cannabis market in the world. Below, we outline the history behind this controversial matter and dissect what it means for the marijuana industry as a whole.

Ritter Spencer, PLLCMexico Decriminalizes Recreational Marijuana, Moves Towards Legalization
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3 Advantages of Registering for a Copyright

Businesses today must use copyrights or trademarks to protect their creative works and assets from being used elsewhere without permission. Although a copyright typically arises automatically upon creation of an original work of authorship, a company can and should register its copyrights with the U.S. Copyright Office to increase the benefits of the copyright itself and elevate the value of the business or the business’s work. Below are three advantages of registering for a copyright. 

Ritter Spencer, PLLC3 Advantages of Registering for a Copyright
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