- Marijuana Company of America receives patent for hempSMART Brain
Warren Buffett, ‘the Oracle of Omaha’, famously said, “A truly great business must have an enduring ‘moat’ that protects excellent returns on invested capital.” By a moat, the legendary investor meant some competitive advantage that would sustain the enterprise by protecting its market from rival firms. A patent, like the one issued to Marijuana Company of America Inc. (OTCQB: MCOA), can work just as well, he said (http://nnw.fm/8ZzVK).
A patent stops others from counterfeiting products or manufacturing replicas and knockoffs. It is particularly essential when the stakes are high, as they are in the U.S. hemp-based product market, which is forecast to approach…
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