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U.S. cannabis testing industry analysis is covered in this latest research report that aims to help those taking daily business decisions by providing market trends information, competitive landscape scenario, forecasts and more. – PowerPoint PPT presentation

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Title: Niks01 (3)


1
U.S. cannabis testing market trends research and
projections for 2019- 2026
  • Speedy legalization of medical marijuana across a
    number of states in the U.S. is likely to drive
    U.S. cannabis testing market outlook. In recent
    years, the efficacy of cannabis in treating
    diseases such as epilepsy and chronic pain has
    come to light. Positive effects of medical
    cannabis in treating lethal diseases has prompted
    the government to relax the regulatory spectrum
    on cannabis, which is likely to transform the
    industry landscape. Constant efforts of
    regulatory authorities to ensure consumer safety
    and enhance product quality is impelling the
    growth of cannabis testing laboratories. In 2019,
    testing laboratories accounted for revenue
    generation of over USD 492.5 million in the U.S.
    cannabis industry share.
  • Moreover, growing need for accurate labelling of
    marijuana content in various products will also
    boost industry growth. As per estimates, U.S.
    cannabis testing market is likely to cross the
    USD 1.2 billion mark by 2026.

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2
  • Increased awareness pertaining to cannabis
    medical benefits
  • Cannabis has been approved as an effective
    treatment for a wide assortment of ailments, such
    as cancer, epilepsy, chronic pain, stress
    disorder, etc. Increasing use of cannabis for
    medical application in an array of diseases has
    prompted research institutes to further focus
    upon discovering additional applications of
    cannabis. Moreover, increasing investment in
    research and development of cannabis products may
    expand cannabis testing industry size over the
    coming years.
  • Upon realizing the medical benefits of marijuana,
    various U.S. states have legalized the use of
    marijuana for certain medical conditions. This
    legalization has drastically increased the need
    for laboratories to test for safety and potency
    of drugs utilizing cannabis.
  • Also, growing consumer awareness pertaining to
    medical benefits of marijuana will increase the
    number of users, which will further create the
    need to ensure safety standards of products.
    This may further create feasible conditions for
    the expansion of U.S. cannabis testing industry.

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3
Request for a Sample Copy of this Report _at_
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4
  • Regional Analysis
  • Legalization of cannabis across various states in
    the U.S has positively impacted cannabis testing
    industry outlook. In 2019, mountain states in the
    U.S accounted for USD 167.4 million in the global
    share. Such impeccable growth can be attributed
    to the presence of states such as Colorado,
    Nevada and New Mexico in the region, where the
    use of cannabis as a therapeutic drug has been
    approved. Medical marijuana industry is rapidly
    expanding with the legalization of marijuana,
    which will also fuel the growth of cannabis
    testing market.
  • Competitive Analysis
  • Key players operating in the industry are
    Anresco, CannaSafe, Collective Wellness of
    California (CW Analytical Laboratories),
    Digipath, Inc., EVIO, Inc., Iron Laboratories,
    Pure Analytics LLC, PSI Labs, SC Labs, Inc, Steep
    Hill, Inc.

Make An Inquiry To Purchase This Report _at_
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Latest Research Report On U.S. Cannabis Testing
Market_at_ https//www.gminsights.com/industry-analy
sis/us-cannabis-testing-market
Request for sample of this research report_at_
https//www.gminsights.com/request-sample/detail/
4481
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.com/roc/4481
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Thank You!
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