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, 2022 - 2028
US Cannabis market is highly influenced by rigorous legalization efforts, which are aiming for approval of cannabis for medicinal or recreational purposes. 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 opportunities for market players.
Market Dynamics
Increasing legalization of marijuana in the U.S. by the federal law is expected to drive growth of the U.S. cannabis testing services market. For instance, according to drug policy 2021 report, on November 6, 2012, Colorado and Washington became the first two jurisdictions in the world to legalize marijuana for adult use. Moreover, in January 2021, Vermont became the first state to legalize marijuana through a state legislature, and furthermore, according to Governing 2019 report, 11 states have legalized marijuana for recreational use and 22 states have legalized it for medical use in the U.S.
However, lack of standard testing processes is expected to hinder growth of the market. Moreover, there are challenges associated with certification for manufacturers of infused products, as there are no guidelines that standardize the equipment or methods of testing labs use. As a result, one sample can produce different results based on the laboratory where it’s tested.
Key features of the study:
This report provides in-depth analysis of the US Cannabis Testing Services Market, market size (US$ Mn), and compound annual growth rate (CAGR (%) for the forecast period (2022-2028), considering 2021 as the base year
It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
This study provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by leading players
It profiles key players in the US Cannabis Testing Services 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, 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
Insights from this report would allow marketers and management authorities of companies to make informed decisions with respect to future product launches, governmental initiatives, technological up-gradation, market expansion, and marketing tactics
The US Cannabis Testing Services Market report caters to various stakeholders in this industry, which include investors, product manufacturers, distributors, and suppliers for US Cannabis Testing Services Market, research and consulting firms, new entrants, and financial analysts
Detailed Segmentation:
US Cannabis Testing Services Market, by Test Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
US Cannabis Testing Services Market, by End User:
Cannabis Firms
Homecare Settings
Research Institutes
US Cannabis Testing Services Market, by States:
Florida
By Test Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Michigan
By Test Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Pennsylvania
By Test Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
New Jersey
By Test Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
New York
By Test Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Other States
By Drug Type:
Potency Testing
Terpene Profiling
Cannabinoid Profiling
CBD Testing
THC Testing
Pesticide Screening
Residual Solvent Testing
Microbiological Screening
Other Tests
Company Profiles
SC Laboratories Inc.*
Company Overview
Product Portfolio
Financial Performance
Recent Highlights
Strategies
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
Cann-a-Lab
“*” marked represents similar segmentation in other categories in the respective section.
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