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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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• 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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• 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.

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Latest Research Report On U.S. Cannabis Testing
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