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Cannabis businesses face unique risks and challenges, and insurance slowly gaining its footing on how to properly insure this budding industry.

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The U.S. Patent and Trademark Office has issued a number of patents for specific strains of cannabis. (Photo: Bloomberg) The U.S. Patent and Trademark Office has issued a number of patents for specific strains of cannabis. (Photo: Bloomberg)

It’s not uncommon to have a patent issued on certain fruits, vegetables and other plant varieties. In fact, patents issued within the agribusiness field are commonplace — and for good reason: Once patented, a plant cannot be legally grown without the permission of the patent holder. Recently, the U.S. Patent and Trademark Office has issued a number of patents for specific strains of cannabis, and the trend is quickly picking up speed.

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