SEATTLE, July 30, 2021, (MEDGADGET) — US Cannabis Testing Services Market Analysis
Overview
In recent years, there has been an increase in the development of treatments obtained from cannabis and its ingredients. Furthermore, cannabis has been extensively studied and developed for the treatment of a variety of medical disorders, including cancer, multiple sclerosis, post-traumatic stress disorder, and anxiety. Moreover, the U.S. Food And Drug Administration (FDA) has an active initiative that supports drug manufacturers in conducting randomized clinical trials to investigate marijuana (or its components) in order to show the capacity for healthy and successful uses of marijuana.
The demand for the U.S. cannabis testing services market was estimated at US$ 127.7 million in 2019 and is projected to grow at a CAGR of 15.7 percent from 2019 to 2027.
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Drivers
The US cannabis testing services market is expected to expand due to increased accreditation and licensing of cannabis testing laboratories.
The U.S. cannabis testing services market is expected to expand as regulatory approvals and banking legislation for cannabis testing services increase. The U.S. House of Representatives passed the SAFE Banking Act in September, allowing medical marijuana companies to deposit, and the Massachusetts Cannabis Control Commission awarded licenses to MCR Labs in Framingham and CDX Analytics in Salem for commercial cannabis research in October.
Moreover, as per a Cannabis Industry Journal report released on May 30, 2019, Arizona’s governor signed the first law mandating chemical, bacteria, heavy metals, and other impurities monitoring of medical marijuana and derivative items by an independent lab beginning November 1, 2020.
Furthermore, the Rhode Island Department of Health (RIDOH) announced in September 2018 that they are accepting applications for analytical laboratories to research medical marijuana in Rhode Island. Medical marijuana drugs grown and/or processed by certified compassion centers and licensed cultivators will be collected and analyzed by accredited laboratories.
Therefore, rising cannabis legalization and accreditations and licensing for cannabis testing laboratories in the United States are expected to boost the growth of the U.S. cannabis testing services market.
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Restraints
Over the forecast period, a lack of legislation in some regions is expected to be a major factor impeding the growth of the US cannabis testing services market. In Arizona, one of the U.S. states whose medical use of cannabis was legalized in 2010, there were no rules on cannabis laboratory research until April 2019. SB1494, a bill authorizing mandatory lab tests for medicinal cannabis drugs, was unanimously approved through the Arizona House and Senate in May 2019.
Competitive Landscape
Major companies contributing to the US cannabis testing services market are Aurum Laboratories, Praxis Laboratory, Eurofins Scientific, Fairbanks Analytical Testing LLC, SC Laboratories Inc., PharmLabs LLC, Cascadia Labs, Encore labs, Gobi Labs, Digipath Inc., Agricore Laboratories, LLC, and Pure Analytics LLC.
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Table of Contents
- Research Objective and Assumption
- Research Objectives
- Assumptions
- Abbreviations
- Market Overview
- Market Definition and Scope
- Market Snippet, By Test Type
- Market Snippet, By End User
- Market Snippet, By States
- Report Description
- Executive Summary
- Coherent Opportunity Map (COM)
- Market Dynamics, Regulations, and Trends Analysis
- Drivers
- Restraints
- Market Opportunities
- Market Dynamics
- Research & Development (R&D) Activities in Cannabis
- Application of Cannabis for Medicinal Conditions
- Medical Uses of CBD vs THC
- Impact Analysis
- Key Developments
- Cannabis Promotional Activities
- Recommended Methods for Cannabis Testing
- Medical Marijuana Legalized States in the U.S. (As of November 2018)
- Cannabis Testing Laboratory Accreditation Program
- Instruments Used
- Approved Labs
- Cost of Testing
- Regulations For Cannabis Testing (California)
- PEST Analysis
- US Cannabis Testing Services Market, By Test Type, 2019 – 2027, (US$ Million)
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- CBD Testing
- THC Testing
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Potency Testing
- Terpene Profiling
- Cannabinoid Profiling
- Pesticide Screening
- Residual Solvent Testing
- Microbiological Screening
- Other Tests
- US Cannabis Testing Services Market, By End User, 2019 – 2027, (US$ Million)
- Market Share Analysis, 2019 and 2027 (%)
- Y-o-Y Growth Analysis, 2017 – 2027
- Segment Trends
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2016 – 2027, (US$ Million)
- Introduction
- Cannabis Firms
- Homecare Settings
- Research Institutes
- US Cannabis Testing Services Market, By States, 2019 – 2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type 2016–2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type 2016–2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type 2016–2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type 2016–2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type 2016–2027, (US$ Million)
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By Test Type 2016–2027, (US$ Million)
- US States Trends
- Florida
- Michigan
- Pennsylvania
- New Jersey
- New York
- Other States
- Competitive Landscape
- Section
- References
- Research Methodology
- About Us and Sales Contact
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