Dan M. Forman, Los Angeles Office Managing Partner and Chair of CDF's Trade Secret Practice Group, authored the article "Cannabis and Craft Beer: Insulated from Tariff Wars, Still Need to Protect Their Trade Secrets and Confidential Recipes," for the Los Angeles Daily Journal on October 9, 2019. This article will help you identify if you have a trade secret, what laws might apply, and how you can protect them.
Excerpt: "Cannabis sales are safe from potential tariff wars as the international transportation of Cannabis is not yet approved. Many Craft Breweries do not have the production volume or need to compete on the international market. Overall, beer volume sales are down, however, Craft Brew sales continue to grow year over year, with California leading the charge. Further, the cannabis market continues to expand as additional states adopt and are poised to allow regulated sales, like market leaders California and Colorado. Every enterprise in a fast-growing industry should endeavor to protect their trade secrets, namely the recipes, formulas, technologies, methodologies and other information that gives them a competitive edge. While new market entrants may feel a collegial environment during market growth and expansion, each proprietor should have a basic understanding of trade secrets, how to protect them, and what to do upon learning or suspecting that a trade secret has been pilfered. Loss of trade secret information can have a devastating effect on any type business, upending an otherwise profitable business.
The article goes on to answer the following questions:
- Do I have trade secrets?
- Which laws protect trade secrets?
- What do I do to protect my trade secrets?
- What if a former employee is using my trade secret information to compete against my company?
Click HERE to read the full article.