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Conduct Business Legally!
To conduct business legally and make money instantly you'll need to have your cannabis product tested by a Licensed lab for: Cannabinoids and terpenes Residual solvents and processing chemicals Residual pesticides Heavy metals Microbial impurities Mycotoxins Moisture content and water activity Foreign material Legal Labs 2 River Labs C8-0000072-LIC AGQ GREEN NATURE C8-0000173-LIC Anresco Incorporated C8-0000052-LIC Bel Costa Labs Long Beach LLC C8-0000008-LIC BIG VALLEY ANALYTICAL INC. C8-0000176-LIC Brightside Scientific, Inc. C8-0000038-LIC California Cannabis Testing Labs C8-0000068-LIC CaliGreen Laboratory C8-0000104-LIC Certified Ag Labs C8-0000001-LIC Confidence Analytics CA LLC C8-0000121-LIC Encore Labs LLC C8-0000086-LIC Excelbis Labs LLC C8-0000059-LIC GREEN LEAF LABS CA LLC C8-0000078-LIC Harrens Lab Inc. C8-0000021-LIC HK Holding LLC C8-0000122-LIC ILS Lab Inc. C8-0000133-LIC Infinite Chemical Analysis Labs C8-0000047-LIC Landau Laboratories, Inc C8-0000016-LIC Nature Safe Labs C8-0000172-LIC pH Solutions LLC C8-0000022-LIC PHARMLABS LLC C8-0000098-LIC PRIDE ANALYTICS AND CONSULTING, LLC C8-0000054-LIC Pure Cannalyst Lab Inc. C8-0000175-LIC Purity Medical Laboratories C8-0000143-LIC SC Laboratories California LLC C8-0000013-LIC Shasta Laboratory, Inc. C8-0000003-LIC U.S. CANNABIS LABORATORIES C8-0000174-LIC Verity Analytics, LLC C8-0000043-LIC VK LABS LLC C8-0000138-LIC Read the full article
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HAIL TO SENATOR CORY BOOKER’s new bill to encourage states to legalize marijuana.
4 Points:
1.) De-scheduled marijuana from the list of controlled substances
2.) Retroactively expunges people who have been convicted of use and possession of marijuana
3.) Create an incentive for states to change their laws and stop enforcing marijuana laws in an unjust way and stop targeting people of race and lower class.
4.) Creates a community reinvestment fund; So that the communities who have been disproportionally impacted for decades by unjust marijuana laws and their applications could apply for these community reinvestment funds to help with projects like, job training, reentry services, community centers, libraries and programs that are dedicated to youth, just to name a few.
#cannabis#marijuana#medicine#medical marijuana#cory booker#legalize#deschedule#unjust marijuana laws#prohibition#pharmlabs#cannabis testing
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SD PharmLabs, First Hemp Lab in Texas, Selects Medicinal Genomics for Microbial Testing - PRNewswire
SD PharmLabs, First Hemp Lab in Texas, Selects Medicinal Genomics for Microbial Testing PRNewswire source https://www.prnewswire.com/news-releases/sd-pharmlabs-first-hemp-lab-in-texas-selects-medicinal-genomics-for-microbial-testing-301103156.html
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Cannabis Testing Market valued at $1.1 billion in 2021 and is anticipated to grow at a CAGR of 14% by 2026
The GlobalCannabis Testing Marketvalued at $1.1 billion (2021) is set to witness a healthy growth rate of 14% in the next 5 years. Some of the major factors propelling the global cannabis testing market include the legalisation of medical cannabis, the rise in the number of cannabis laboratories in key market like the U.S., the growing adoption of laboratory information management systems (LIMS) in cannabis testing laboratories, and support from governments for the legalisation of medical marijuana in LATAM and Europe.
Legalization of Medical Cannabis and Increasing Number of Cannabis Testing Laboratories in Key Markets such as the U.S. Bolsters the Cannabis Testing Market
Citing the benefits of medical cannabis, governments in various countries are legalizing its use. Israel, Australia, North Korea, Spain, Portugal, Canada, Portugal, Germany, Italy, Brazil, and the Netherlands are just a few of the countries that have recently legalised the use of medical cannabis. In the United States, 37 states, 4 U.S. territories and the District of Columbia have all legalized the use of medicinal cannabis. Due to the growing legalization and increased adoption of cannabis testing, the demand for the analytical testing of cannabis to ensure that the products are contamination-free and safe for human consumption has grown. The number of cannabis testing laboratories is expanding to meet the rising demand for cannabis testing.
Explore Premium Report on Cannabis Testing Market @ https://meditechinsights.com/cannabis-testing-market/
Strong Government Support for Legalization of Medical Marijuana in LATAM and Selected European Countries Likely to Open New Growth Avenues for the Cannabis Testing Market
Across Europe, there is considerable variation in the regulatory approach to medical cannabis
Countries such as the UK, the Netherlands, Poland and Portugal have well-established medical cannabis legislation
Government of Greece and UK approved the legalization of cannabis for medical use in 2018, while Germany made it legal for doctors to prescribe medical cannabis in 2017.
In December 2021, Malta legalized the cultivation and personal use of cannabis and in October 21, Luxembourg legalized cannabis production, and consumption
Medical marijuana is legal in Argentina, Brazil, Chile, Colombia, Ecuador, México, Panama, Paraguay, and Perú
In March 2022, Costa Rica also legalized medical marijuana
“Legal right to use marijuana for medical purposes will improve the lives of patients who presently rely on multiple ineffective medications. Medical marijuana use is anticipated to alleviate patients’ symptoms of epilepsy, multiple sclerosis, chemo-induced nausea, and chronic pain.”- Director, Leading Epilepsy Foundation, Panama
Competitive Landscape Analysis of Cannabis Testing Market
The global cannabis testing market is marked by the presence of key players such as Agilent Technologies, Inc., Shimadzu Corporation, MERCK KGAA, Thermo Fisher Scientific, DigiPath, Inc., Steep Hill Inc., SC Laboratories, Inc., PharmLabs LLC, andsothers.
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Cannabis Testing Services Market: Back to High Expectations Again
The global cannabis testing services market will reach a valuation of USD 1.80 bn by 2025 compared to its previous valuation of 0.96 bn in 2020. The market will witness a growth at a CAGR of 13.5% during the forecast period.
The increasing demand for products with clean labels and potency and the need to meet compliance standards are the key factors driving the growth of this market. Manufacturers are more inclined toward third-party testing services that provide reliable information on their products’ quality, safety, and potency.
ResearchMoz shares a detailed report on the cannabis testing services market. This research report will provide a global and regional overview of the cannabis testing services market. The stakeholders will be able to see the latest opportunities in this market and capitalize on them.
Demand for Certificate Products Bolsters Cannabis Testing Services Market
The growing demand for certificate-based products among the cannabis products will compel the cannabis growers to get them tested. This will lead to significant growth opportunities in the cannabis testing services market in the coming years. The cannabis industry demands cannabis testing services due to the growing need for quality-related testing.
Download Most Definitive & Accurate Market Research Sample PDF @ https://www.researchmoz.us/request-free-sample/?reportid=1459
Rising Legalization Boosts Demand for Cannabis Testing Services
The increasing legalization of marijuana in the U.S., legalization of medical marijuana in Germany, and legalization of recreational marijuana in Canada are driving the global cannabis testing services market. Factors such as falling prices, rising regulations, and growing awareness about cannabis among consumers further contribute to growth in this market.
Analysts’ Views
The global cannabis testing services market is expected to grow at a CAGR of 13.5%. from 2020 to 2025. The market’s growth can be attributed to the increasing demand for products with clean labels and potency and the need to meet compliance standards. Growing demand for third-party testing services that provide reliable information on the quality, safety, and potency of cannabis-based products increases the growth opportunities in the global market.
The global cannabis testing services market is segmented on type, application, end-user, and region. Based on type, the market is segmented into chemical profiling and microbiological services.
The key players in the Cannabis Testing Services Market
SGS Canada Inc.
CW ANALYTICAL
Steep Hill, Inc.
Saskatchewan Research Council (SRC)
SC Labs
GreenLeaf Lab
PharmLabs
For any Queries Linked with the Report, Ask an Analyst@ https://www.researchmoz.us/enquiry-before-buying/?reportid=1459
Service Type Outlook (Revenue, USD Billion)
Potency Testing
Microscopy Testing
Residual Solvent Screening
Heavy Metal Testing
Pesticide Screening
Terpene Profiling
Others
End-User Outlook (Revenue, USD Billion)
Cannabis Cultivators/Growers
Cannabis Drug Manufacturers
Others (Research Institutes & Labs)
Table Of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations
2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations
3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics
Continue…
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Global Cannabis Testing Market valued at USD 1.1 billion (2021) is set to anticipate a healthy growth of 14% in the upcoming 5 years
Legalization of Medical Cannabis and Growing Number of Cannabis Testing Laboratories are bolstering the growth of Cannabis Testing Market.
Citing the benefits of medical cannabis, governments in various countries are legalizing its use. In recent years, countries such as Israel, Australia, North Korea, Spain, the UK, Canada, Portugal, Germany, Italy, Brazil, and the Netherlands have all legalized the use of medical cannabis. In the United States, 37 states, 4 U.S. territories as well as the District of Columbia have also legalized medicinal cannabis. Due to the growing legalization and increased adoption of cannabis testing, the demand for the analytical testing of cannabis to ensure that the products are contamination-free and safe for human consumption has grown. To cater to the growing demand for cannabis testing, the number of cannabis testing laboratories is also growing.
Strong Government Support for Legalization of Medical Marijuana in LATAM and Selected European Countries Likely to Open New Growth Avenues for the Cannabis Testing Market
Across Europe, there is considerable variation in the regulatory approach to medical cannabis
Countries such as the UK, the Netherlands, Poland and Portugal have well-established medical cannabis legislation
Government of Greece and UK approved the legalization of cannabis for medical use in 2018, while Germany made it legal for doctors to prescribe medical cannabis in 2017.
In December 2021, Malta legalized the cultivation and personal use of cannabis and in October 21, Luxembourg legalized cannabis production, and consumption
Medical marijuana is legal in Argentina, Brazil, Chile, Colombia, Ecuador, México, Panama, Paraguay, and Perú
In March 2022, Costa Rica also legalized medical marijuana
“Legal right to use marijuana for medical purposes will improve the lives of patients who currently rely on multiple ineffective medications. Medical marijuana use is expected to alleviate patients’ symptoms of epilepsy, multiple sclerosis, chemo-induced nausea, and chronic pain.” - Director, Leading Epilepsy Foundation, Panama
Competitive Landscape Analysis: Global Cannabis Testing Market
The cannabis testing market is marked by the presence of key players such as Agilent Technologies, Inc., Shimadzu Corporation, MERCK KGAA, Thermo Fisher Scientific, DigiPath, Inc., Steep Hill Inc., SC Laboratories, Inc., PharmLabs LLC, and others.
Get Customized Report on Global Cannabis Testing Market @ https://meditechinsights.com/cannabis-testing-market/
#Cannabis Testing Market#cannabis#marijuana#cannabis testing market#healthcare#Cannabis Testing Market Size#Cannabis Testing Market Growth#Cannabis Testing#Cannabis Testing Market Trend
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Cannabis Testing Service Market Is Expected To Reach New Growth Revenues During 2021-2028
The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.
Download sample: https://www.polarismarketresearch.com/industry-analysis/cannabis-testing-service-market/request-for-sample
Segment Highlights
The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.
Based on end-use, the cannabis cultivators/growers’ segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.
North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth
List of Key Players
Shimadzu Corporation
Agilent Technologies
PerkinElmer, Inc.
Waters Corporation
CannaSys, Inc.
PharmLabs, LLC
Saskatchewan Research Council (SRC)
Eurofins Scientific
CW ANALYTICAL
GreenLeaf Lab
Praxis Laboratory
SGS Canada Inc.
Get Discount offer: https://www.polarismarketresearch.com/industry-analysis/cannabis-testing-service-market/request-for-discount-pricing
Polaris Market Research has segmented the cannabis testing service market report on the basis service type, end-use, and region
Cannabis Testing Service, Service Outlook (Revenue – USD Million, 2016 – 2027)
Potency Test
Terpene Profiling
Heavy Metal Test
Pesticide Screening
Microscopy Test
Residual Solvent Screening
Others
Cannabis Testing Service, End-Use Outlook (Revenue – USD Million, 2016 – 2027)
Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes & Labs)
Cannabis Testing Service, Regional Outlook (Revenue – USD Million, 2016 – 2027)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
U.S.
Canada
France
Germany
UK
Italy
Spain
Netherlands
Austria
China
India
Japan
Malaysia
South Korea
Indonesia
Mexico
Brazil
Argentina
UAE
Saudi Arabia
Israel
South Africa
Buy Now: https://www.polarismarketresearch.com/checkouts/7381
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Global Chromatography in Cannabis Testing Market Growth Statistics to Make Multi-Billion Dollar Market during 2021-2028
Global Chromatography in Cannabis Testing Market Overview:
The first class Chromatography in Cannabis Testing Market report describes a comprehensive insight into the application scope of the Market. In addition, the industry analysis report comprises details relevant to the Market share obtained by various segments. Information about the revenue gathered from the segments along with the projected sales for the project duration is stated in the document. The Market report also contains the drivers and restraints for the Chromatography in Cannabis Testing Market that are derived from SWOT analysis, and also shows what all the recent developments, product launches, joint ventures, mergers and acquisitions by the several key players and brands that are driving the Market are by systemic company profiles.
Besides, essential insights about the fundamental parameters such as the competition trends and Market focusing rate is included in the persuasive Chromatography in Cannabis Testing Market report. The Market analysis here describes detailing about the Marketing channels accepted by the manufacturers for their products in tandem with the information regarding the traders, distributors, and dealers competing in the Market. The company profiles of all the key players and brands that are dominating the Chromatography in Cannabis Testing Market have been taken into consideration here. The reliable Chromatography in Cannabis Testing Market document is also helpful in assessing the effectiveness of advertising program and knows the causes of consumer resistance.
Available Exclusive Sample Copy of this Report @ https://www.databridgemarketresearch.com/request-a-sample/?dbmr=global-chromatography-in-cannabis-testing-market .
The Global Chromatography in Cannabis Testing Market is expected to grow at a CAGR of 14.50% in the forecast period of 2021 to 2028.
According to the market report analysis, Cannabis testing is generally performed by analytical instruments such as gas chromatography, liquid chromatography among others in order to detect active ingredients such as terpene and cannabinoids. Commercial laboratories all over the developed regions offers dedicated cannabis testing services.
Some of most important key factors driving the growth of the Global Chromatography in Cannabis Testing Market are increase in prevalence of tooth loss and growth in edentulous population, rising legalization of medical cannabis, rising adoption of LIMS in cannabis testing laboratories, rising awareness through conferences, symposia, and workshops, rising approval rate for cannabis-based products along with new research and development activities, rising number of cannabis testing laboratories all over the globe.
Top Leading Key in Players Global Chromatography in Cannabis Testing Market: Agilent Technologies, Inc, Shimadzu Corporation, PerkinElmer, Inc., Merck KGaA, DH Tech. Dev. Pte. Ltd., Waters Corporation., Restek Corporation., Accelerated Technology Laboratories, Inc, LabLynx LIMS (Laboratory Information Management System), Steep Hill, Inc., SC Labs., CannaSafe, PharmLabs LLC, Digipath Inc., Battelle Memorial Institute, Pure Analytics LLC, PhytoVista Laboratories, EVIO Pvt. Ltd., Eirlab Research Group, Digipath Inc and CannaSafe. New product launches and continuous technological innovations are the key strategies adopted by the major players.
In terms of the geographic analysis, North America dominates the chromatography in cannabis testing market due to the rising presence of major players operating in the target market and legalization of cannabis by various countries in the region. APAC is the expected region in terms of growth in chromatography in cannabis testing market due to increasing adoption of cannabis in order to treat diseases and improving healthcare infrastructure across developing countries in the region.
Access Complete Report @ https://www.databridgemarketresearch.com/reports/global-chromatography-in-cannabis-testing-market .
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Cannabis Testing Services Market Expected To Achieve Lucrative Growth By 2027
The global cannabis testing services market size is anticipated to reach USD 3.3 billion by 2027, expanding at a CAGR of 15.4%, according to a new report by Grand View Research, Inc. The growing acceptance of cannabis as a medicinal product, stricter quality checks, and rising demand for cannabinoid profile analysis to identify major strains are the key factors driving the market growth. Furthermore, the growing competition in the market is an important factor supporting the growth over the forecast period.
Based on services type, potency testing dominated the market with a share of 21.7% in 2019. Rising cases of contamination and the need to determine the concentration of active cannabinoids present in cultivated plants are the key factors driving market growth. Moreover, the segment is anticipated to be the fastest-growing during the forecast period. The increasing usage of cannabis in drug development and research is one of the leading factors supporting market growth.
Based on end-user, cannabis cultivators/growers dominated the market in 2019. Stringent quality checks on cultivated plants in a highly regulated market are influencing the demand for testing services. However, the segment is anticipated to be the fastest-growing segment over the forecast period. Pharmaceutical giants such as GW Pharmaceuticals plc, Sanofi, and Pfizer have entered the space for developing cannabinoid-based drugs, which is anticipated to be a key factor driving the market over the forecast period.
North America dominated the market in 2019, with the market worth of USD 939.2 million. The presence of major testing laboratories and expanding marijuana and hemp cultivation in the region are the key factors driving the market in the region. On the other hand, Europe is expected to be the fastest-growing region, owing to a rising number of drug manufacturers in the region. Furthermore, many countries in the EU have banned derivatives containing more than 0.3% THC, which is further predicting a strong demand for the services
Request a free sample copy or view report summary: Cannabis Testing Services Market Report
Cannabis Testing Services Market Report Highlights
Potency testing service dominated the market in 2019 with a market share of 21.7%, owing to the rise in contamination cases
The cannabis drug manufacturer segment is anticipated to be the fastest-growing end-user segment, owing to the entry of large pharmaceutical companies in the marijuana space
North America dominated the market in 2019 with market size of USD 939.2 million, owing to the presence of major laboratories in the region.
Cannabis Testing Services Market Segmentation
Grand View Research has segmented the global cannabis testing services market based on services type, end user, and region:
Cannabis Testing Services Type Outlook (Revenue, USD Million, 2016 - 2027)
Potency Testing
Terpene Profiling
Heavy Metal Testing
Pesticide Screening
Microscopy Testing
Residual Solvent Screening
Others
Cannabis Testing Services End-User Outlook (Revenue, USD Million, 2016 - 2027)
Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes & Labs)
Cannabis Testing Services Regional Outlook (Revenue, USD Million 2016 - 2027)
North America
Europe
Asia Pacific
Latin America
MEA
U.S.
Canada
U.K.
Germany
Italy
Poland
Netherland
Czech Republic
Switzerland
Croatia
China
Australia
Uruguay
Colombia
Mexico
Argentina
Chile
Israel
South Africa
List of Key Players of Cannabis Testing Services Market
Saskatchewan Research Council (SRC)
SGS Canada Inc.
SC Labs
Steep Hill, Inc.
CW ANALYTICAL
PharmLabs
GreenLeaf Lab
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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Cannabis Testing Service Market Size, Share, Growth, Study Forecast To 2027
The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.
Download Sample Copy: https://www.polarismarketresearch.com/industry-analysis/cannabis-testing-service-market/request-for-sample
Segment Highlights
The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.
Based on end-use, the cannabis cultivators/growers’ segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.
North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth
List of Key Players
Shimadzu Corporation
Agilent Technologies
PerkinElmer, Inc.
Waters Corporation
CannaSys, Inc.
PharmLabs, LLC
Saskatchewan Research Council (SRC)
Eurofins Scientific
CW ANALYTICAL
GreenLeaf Lab
Praxis Laboratory
SGS Canada Inc.
For Further Insights and Segment-Specific Information, Contact a Market Analyst at : https://www.polarismarketresearch.com/industry-analysis/cannabis-testing-service-market/request-for-customization
Polaris Market Research has segmented the cannabis testing service market report on the basis service type, end-use, and region
Cannabis Testing Service, Service Outlook (Revenue – USD Million, 2016 – 2027)
Potency Test
Terpene Profiling
Heavy Metal Test
Pesticide Screening
Microscopy Test
Residual Solvent Screening
Others
Cannabis Testing Service, End-Use Outlook (Revenue – USD Million, 2016 – 2027)
Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes & Labs)
Cannabis Testing Service, Regional Outlook (Revenue – USD Million, 2016 – 2027)
North America (U.S., Canada)
Europe (France, Germany, UK, Spain, Netherlands, Austria)
Asia Pacific (Japan, China, India, Malaysia, Indonesia. South Korea)
Latin America (Brazil, Mexico, Argentina)
MEA (Saudi Arabia, UAE, Israel, South Africa)
Read More : https://www.medgadget.com/2021/02/cannabis-testing-service-market-size-worth-us-3-4-billion-by-2027-cagr-14-9-polaris-market-research.html
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US Cannabis Testing Service Market Seeking Growth from Emerging Markets, Sourcing Strategy and Downstream Buyers To 2027
Development of therapies derived from cannabis and its components has been increasing in the recent past. Moreover, there has been extensive research and development treatment of various medical conditions such as cancer, multiple sclerosis, post-traumatic stress disorder, and anxiety with cannabis. Furthermore, the U.S. Food and Drug Administration (FDA) offers an active program which assists drug developers in investigating marijuana (or its components) through controlled clinical trials, in order to demonstrate the potential for safe and effective uses of marijuana.
The US Cannabis Testing Services Market size was valued at US$ 127.7 million in 2019, and is expected to witness a CAGR of 15.7% over the forecast period (2019 – 2027).
Request For Sample Copy: https://www.coherentmarketinsights.com/insight/request-sample/3155
Rising accreditation and licensing of cannabis testing laboratories is expected to drive growth of the US Cannabis Testing Services Market
Increasing approvals from regulatory authorities and banking bill for cannabis testing services is expected to contribute towards growth of the cannabis testing services market in the U.S. For instance, in September, the U.S. House of Representative passed a SAFE banking Act bill that would grant a legal marijuana businesses access to banking and in October 2018, the Massachusetts Cannabis Control Commission granted licenses to MCR Labs in Framingham and CDX Analytics in Salem for testing of recreational cannabis.
Furthermore, according to the Cannabis Industry Journal article published on May 30, 2019, the governor of Arizona signed the very first bill for mandatory testing of medical marijuana and derivative products to be conducted by an independent lab for pesticides, fungus, heavy metals, and other impurities starting November 1, 2020.
Moreover, in September 2018, Rhode Island Department of Health (RIDOH) announced that they are accepting applications for analytical laboratories in Rhode Island for testing of medical marijuana. Licensed laboratories will collect samples and analyze medical marijuana products cultivated and/or manufactured by registered compassion centers and licensed cultivators.
As a result, increasing legalization of cannabis and rising accreditations and licensing for cannabis testing laboratories in the U.S. is expected to drive demand for cannabis testing services and contribute to the market growth.
US Cannabis Testing Services Market - Restraints
Lack of regulations in some regions is expected to be a prominent factor hampering growth of the cannabis testing service market over the forecast period. For instance, up to April 2019, there were no regulations regarding cannabis laboratory testing in Arizona, U.S., which is one of the U.S. states where medicinal use for cannabis has been approved in 2010. In May 2019, lawmakers in Arizona, U.S. unanimously passed SB1494, a bill requiring mandatory lab testing for medical cannabis products, through the state’s House and Senate.
US Cannabis Testing Services Market - Competitive Landscape
Key players operating in the US Cannabis Testing Services Market include SC Laboratories Inc., Eurofins Scientific, EVIO Labs, Praxis Laboratory, Agricore Laboratories, Steep Hill Labs, Inc., Digipath, Inc., Sequoia Analytical Labs, Fairbanks Analytical Testing LLC, Aurum Laboratories, LLC, Pure Analytics LLC, Gobi Labs, Cascadia Labs, Encore labs, PharmLabs LLC and Cann-a-Lab.
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Cannabis Testing Services Market Forecast and Development Analysis
The global cannabis testing services market will reach a valuation of USD 1.80 bn by 2025 compared to its previous valuation of 0.96 bn in 2020. The market will witness a growth at a CAGR of 13.5% during the forecast period.
The increasing demand for products with clean labels and potency and the need to meet compliance standards are the key factors driving the growth of this market. Manufacturers are more inclined toward third-party testing services that provide reliable information on their products’ quality, safety, and potency.
ResearchMoz shares a detailed report on the cannabis testing services market. This research report will provide a global and regional overview of the cannabis testing services market. The stakeholders will be able to see the latest opportunities in this market and capitalize on them.
Demand for Certificate Products Bolsters Cannabis Testing Services Market
The growing demand for certificate-based products among the cannabis products will compel the cannabis growers to get them tested. This will lead to significant growth opportunities in the cannabis testing services market in the coming years. The cannabis industry demands cannabis testing services due to the growing need for quality-related testing.
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Rising Legalization Boosts Demand for Cannabis Testing Services
The increasing legalization of marijuana in the U.S., legalization of medical marijuana in Germany, and legalization of recreational marijuana in Canada are driving the global cannabis testing services market. Factors such as falling prices, rising regulations, and growing awareness about cannabis among consumers further contribute to growth in this market.
Analysts’ Views
The global cannabis testing services market is expected to grow at a CAGR of 13.5%. from 2020 to 2025. The market’s growth can be attributed to the increasing demand for products with clean labels and potency and the need to meet compliance standards. Growing demand for third-party testing services that provide reliable information on the quality, safety, and potency of cannabis-based products increases the growth opportunities in the global market.
The global cannabis testing services market is segmented on type, application, end-user, and region. Based on type, the market is segmented into chemical profiling and microbiological services.
The key players in the Cannabis Testing Services Market
SGS Canada Inc.
CW ANALYTICAL
Steep Hill, Inc.
Saskatchewan Research Council (SRC)
SC Labs
GreenLeaf Lab
PharmLabs
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Service Type Outlook (Revenue, USD Billion)
Potency Testing
Microscopy Testing
Residual Solvent Screening
Heavy Metal Testing
Pesticide Screening
Terpene Profiling
Others
End-User Outlook (Revenue, USD Billion)
Cannabis Cultivators/Growers
Cannabis Drug Manufacturers
Others (Research Institutes & Labs)
Table Of Content
1. Executive Summary 1.1. Global Market Outlook 1.2. Demand-side Trends 1.3. Supply-side Trends 1.4. Technology Roadmap Analysis 1.5. Analysis and Recommendations
2. Market Overview 2.1. Market Coverage / Taxonomy 2.2. Market Definition / Scope / Limitations
3. Market Background 3.1. Market Dynamics 3.1.1. Drivers 3.1.2. Restraints 3.1.3. Opportunity 3.1.4. Trends 3.2. Scenario Forecast 3.2.1. Demand in Optimistic Scenario 3.2.2. Demand in Likely Scenario 3.2.3. Demand in Conservative Scenario 3.3. Opportunity Map Analysis 3.4. Product Life Cycle Analysis 3.5. Supply Chain Analysis 3.6. Investment Feasibility Matrix 3.7. Value Chain Analysis 3.8. PESTLE and Porter’s Analysis 3.9. Regulatory Landscape 3.9.1. By Key Regions 3.9.2. By Key Countries 3.10. Regional Parent Market Outlook 3.11. Production and Consumption Statistics 3.12. Import and Export Statistics
Continue…
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CANNABIS TESTING SERVICES MARKET ANALYSIS (2020-2027)
Cannabis market is highly influenced by rigorous legalization efforts, which are aiming for approval of cannabis for medicinal or recreational purpose. Various governments and regulatory authorities are taking efforts to legalize cannabis, owing to its medicinal benefits. Moreover, commercialization of cannabis-based products under the legalized standards require successful cannabis testing, which further results in lucrative growth opportunity for market players.
Market Dynamics
Cannabis testing service market is expected to witness significant growth over the forecast period, owing to legalization of cannabis for medicinal and recreational activities in key regions. For instance, in 2018, the parliament of Canada passed a law legalizing nationwide use of marijuana for recreational purposes. Furthermore, in February 2016, the Australia government amended the Narcotics Drugs Act 1967 to allow cultivation of cannabis for medicinal or scientific purposes under a national licensing scheme, which is expected to favour growth of the commercial manufacturing of cannabis in different regions of Australia.
Key features of the study:
This report provides in-depth analysis of the cannabis testing service market, market size (US$ Mn), and Compound Annual Growth Rate (CAGR (%)) for the forecast period: 2018 – 2026, considering 2017 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global cannabis testing and service market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments, and strategies
Key players covered as a part of this study include, SC Laboratories Inc., Eurofins Scientific, EVIO Labs, ProVerde Laboratories, Inc., Praxis laboratory, Cascadia Labs, Encore labs, SGS Canada Inc., Pharm Labs LLC, and Agricore Laboratories
Insights from this report would allow marketers and management authorities of companies to make informed decision with respect to their future product launch, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The global cannabis testing service market report caters to various stakeholders in this industry, including investors, product manufacturers, distributors, and suppliers for cannabis testing service market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
Global Cannabis Testing Services Market, By Test Type:
Global Cannabis Testing Services Market, By End User:
Global Cannabis Testing Services Market, By Region:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Cannabis Firms
Homecare Settings
Research Institutes
North America
Europe
Asia Pacific
Middle East
Africa
By Country:
By Test Type:
By End User:
U.S.
Canada
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
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Cannabis Firms
Homecare Settings
Research Institutes
By Country:
By Test Type:
By End User:
U.K.
Germany
Italy
Spain
France
Russia
Rest of Europe
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Cannabis Firms
Homecare Settings
Research Institutes
By Country:
By Test Type:
By End User:
Latin America
Australia
India
China
Japan
ASEAN
South Korea
Rest of Asia Pacific
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Cannabis Firms
Homecare Settings
Research Institutes
By Country:
By Test Type:
By End User:
Brazil
Mexico
Argentina
Rest of Latin America
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Cannabis Firms
Homecare Settings
Research Institutes
By Country:
By Test Type:
By End User:
GCC
Israel
Rest of Middle East
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Cannabis Firms
Homecare Settings
Research Institutes
By Country/Region:
By Test Type:
By End User:
Company Profiles
South Africa
Central Africa
North Africa
Potency Testing
Terpene Profiling
Cannabinoid Profiling
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Cannabis Firms
Homecare Settings
Research Institutes
SC Laboratories Inc.*
Eurofins Scientific
EVIO Labs
ProVerde Laboratories, Inc.
Praxis laboratory
Cascadia Labs
Encore labs
SGS Canada Inc.
PharmLabs LLC
Agricore laboratories
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
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By 2027, US Cannabis Testing Services Market To reach US$ 409.3 Mn
From 2019 to 2027, US Cannabis Testing Services Market To reach CAGR of 15.7%
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Description:
US Cannabis Testing Services Market, by Test Type (Potency Testing, Terpene Profiling, Cannabinoid Profiling, (CBD Testing and THC Testing) Pesticide Screening, Residual Solvent Testing, Microbiological Screening and Other Tests), by End User (Cannabis Firms, Homecare Settings, and Research Institutes), and by States (Florida, Michigan, Pennsylvania, New Jersey, New York, and Other States) was valued at US$ 127.7 million in 2019 and is expected to exhibit a CAGR of 15.7% over the forecast period (2019-2027), as highlighted in a new report published by . Key players in the market are focused on establishment of state-of-art cannabis testing laboratories in key regions to provide a wide range of services in cannabis testing. For instance, in April 2018, Gala Pharmaceutical, Inc. announced plans to build its first state-of-the-art testing laboratory that will meet the new ISO requirements set by the City of Long Beach and the State of California, U.S. in accordance with the Medical Marijuana Regulation and Safety Act. In December 2018, Gala Pharmaceutical California Inc., a subsidiary of Gala Pharmaceutical, Inc. received a temporary license from the State of California to construct its flagship cannabis testing facility in Long Beach, California, U.S. In June 2019, Gala Pharmaceutical, Inc. completed construction of its cannabis testing facility. In March 2019, Steep Hill, cannabis science and technology company signed a licensing agreement with Green Analytics East to open a new cannabis testing laboratory in New Jersey (Steep Hill New Jersey). Steep Hill New Jersey is currently working to obtain local permits and is expected to commence the regulatory testing services in the third quarter of 2019. In August 2019, Botanacor Laboratories, a hemp biomass and hemp-derived CBD products testing laboratory in Denver, Colorado, started offering industrial hemp and CBD testing throughout North America. Thus, such initiatives by new cannabis testing service providers in key regions are expected to increase access to cannabis testing services in the region and drive market growth over the forecast period. Browse 26 Market Data Tables and 27 Figures spread through 151 Pages and in-depth TOC on "US Cannabis Testing Services Market, by Test Type (Potency Testing, Terpene Profiling, Cannabinoid Profiling, (CBD Testing and THC Testing) Pesticide Screening, Residual Solvent Testing, Microbiological Screening and Other Tests), by End User (Cannabis Firms, Homecare Settings and Research Institutes), and by States (Florida, Michigan, Pennsylvania, New Jersey, New York, and Other States) –
US Forecast to 2027" To know the latest trends and insights related to US Cannabis Testing Services Market, click the link below: https://www.coherentmarketinsights.com/market-insight/us-cannabis-testing-service-market-3155
Fundraising activities by key companies engaged in cannabis testing are supporting the establishment and expansion of cannabis testing labs in U.S. states. For instance, Cannalysis, a cannabis testing lab based in Santa Ana, California, received funding of US$ 22 million from CanLab, a cannabis, hemp and CBD testing laboratory network. This fund raising will allow Cannalysis to increase its operations and expand its presence to more states in the U.S. Key Takeaways of the US Cannabis Testing Services Market:
The US Cannabis Testing Services Market is expected to exhibit a CAGR of 15.7% over the forecast period (2019–2027) owing to establishment of new cannabis testing labs in the U.S.
Among test type, the potency testing segment is expected to account for a major revenue share by 2027, owing to increasing collaborations by key players in the U.S., which, in turn, is expected to drive demand for potency testing to determine safety and effectiveness of cannabis. For instance, in 2016, AB SCIEX LLC (U.S.) entered a collaboration agreement with CW analytical, a leading cannabis testing laboratory, to develop a cannabis quality and potency testing standard.
Major players operating in the US Cannabis Testing Services Market include SC Laboratories Inc., Eurofins Scientific, EVIO Labs, Praxis Laboratory, Agricore Laboratories, Steep Hill Labs, Inc., Digipath, Inc., Sequoia Analytical Labs, Fairbanks Analytical Testing LLC, Aurum Laboratories, LLC, Pure Analytics LLC, Gobi Labs, Cascadia Labs, Encore labs, PharmLabs LLC and Cann-a-Lab.
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Cannabis Testing Service Market Is Expected To Reach New Growth Revenues During 2021-2028
The global cannabis testing service market expected to reach US$ 3.4 billion by 2027 according to a new study by Polaris Market Research. The report “Cannabis Testing Service Market Share, Size, Trends, Industry Analysis Report, By Service (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing, Residual Solvent Screening, and Others); By End-Use; By Regions; Segment Forecast, 2020 – 2027” gives a detailed insight into current market dynamics and provides analysis on future market growth.
With the growing need to contain drug abuse and adulteration in cannabis, there is a strong need for quality testing labs in developed economies, this acts as a pivotal factor in boosting the sale of cannabis. Moreover, the positive scenario of scientific literature, clinical trials, and consumer awareness is creating a strong favorable narrative for the market.
The global cannabis testing service industry is fragmented based on service, end-use, and region. In terms of service, the market is segmented into potency test, terpene profiling, heavy metal test, pesticide screening, microscopy test, residual solvent screening, and others. Based on end-use, the market is further bifurcated into drug manufacturers, cultivators/growers, and research institutes & labs.
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Segment Highlights
The potency test segment is estimated to hold a major share in the global cannabis testing service industry, as the use of cannabis is rising in medicinal purposes. The segment is expected to witness significant growth over the forecast period.
Based on end-use, the cannabis cultivators/growers’ segment is projected to constitute almost half of the market in 2027. The high share is attributed to the fact that most of the cultivator desire to have in-house testing capabilities.
North America market accounted for the dominant share in 2019 in terms of revenue owing to the growing research & development in the field of hemp for medical use. In addition, the growing demand for marijuana in healthcare industry is likely to complement market growth
List of Key Players
Shimadzu Corporation
Agilent Technologies
PerkinElmer, Inc.
Waters Corporation
CannaSys, Inc.
PharmLabs, LLC
Saskatchewan Research Council (SRC)
Eurofins Scientific
CW ANALYTICAL
GreenLeaf Lab
Praxis Laboratory
SGS Canada Inc.
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Polaris Market Research has segmented the cannabis testing service market report on the basis service type, end-use, and region
Cannabis Testing Service, Service Outlook (Revenue – USD Million, 2016 – 2027)
Potency Test
Terpene Profiling
Heavy Metal Test
Pesticide Screening
Microscopy Test
Residual Solvent Screening
Others
Cannabis Testing Service, End-Use Outlook (Revenue – USD Million, 2016 – 2027)
Cannabis Drug Manufacturers
Cannabis Cultivators/Growers
Others (Research Institutes & Labs)
Cannabis Testing Service, Regional Outlook (Revenue – USD Million, 2016 – 2027)
North America
Europe
Asia Pacific
Central & South America
Middle East & Africa
U.S.
Canada
France
Germany
UK
Italy
Spain
Netherlands
Austria
China
India
Japan
Malaysia
South Korea
Indonesia
Mexico
Brazil
Argentina
UAE
Saudi Arabia
Israel
South Africa
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