Friday, August 29, 2014 8:43:07 PM
But more interesting is this idea of royalties that this other company has touched upon. Essentially, if a company were to develop a strain of marijuana or a CBD formula, they can, under their intellectual property rights, license the use of that strain or formula to a dispensary or coop or collective and be entitled to a royalty from any revenues that are generated from that license agreement.
This information makes it absolutely legal and possible that QEDN and Emerald can generate profits from growing marijuana or developing unique Cannabis formulations and offering them under a royalty agreement to California non profits.
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