New Leaf sued PanXchange earlier this month in federal court in Connecticut, claiming trademark infringement of its “Hemp Benchmarks” service.
PanXchange, which is based in Denver, offers hemp pricing reports called “Hemp: Benchmarks & Analysis.”
New Leaf said the names are so similar that customers believe PanXchange’s products are its own. The company asked a judge to block PanXchange from using the “benchmarks” description and has sought undisclosed monetary damages.
New Leaf also owns a marijuana pricing service called Cannabis Benchmarks.
An attorney for PanXchange, Amanda Greenspon, told Hemp Industry Daily that the term “benchmarks” is a generic term that can’t be trademarked.
“No entity is entitled to exclusive rights in the descriptive or generic terms that apply to their goods or services,” Greenspon said in an email.
“Our client didn’t infringe any trademarks; it just used generic terms to describe what it offers.”
No court date has been set in the dispute.
Written By hempindustrydaily