US Cannabis Testing Services Market | Coherent Market Insights

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• US CANNABIS TESTING SERVICE MARKET ANALYSIS
• 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) - Size, Share, Outlook, and
  Opportunity Analysis, 2019 - 2027

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• 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.

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• 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.

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• 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.

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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 (20192027) 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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