Cannabis Testing Market To Be Worth $1.4 Million by 2021

The Cannabis Testing Market is set to be worth 1,416.3 million USD by 2021 from $822.0 Million USD in the year 2016, according to recent estimates. Markets & Markets, a global research firm based in India, published the report on the basis of a Global Forecast made by Product & Software (GC, LG, Column, Accessories, Standards, Spectroscopy (Atomic, MS)), Service (Heavy Metal, Potency, Genetic Testing, Pesticides) and End User (Research, Pharmaceutical, Lab) Companies. Additionally, this market will grow to a CAGR of 11.5% during the forecast period of 2016-2021. Moreover, early buyers can expect to earn a 10 percent customization based on the report.

Understanding The Cannabis Testing Market:

This market is primarily categorized based on region, product & software, end user and service. On the basis of product & software, this market is divided into consumables, software and analytical instruments. The segment of consumables will grow with a maximum compound annual growth rate (CAGR) at the time of the forecast period because of repetitive usage and recurring requirements.

In 2016, North America accounted for the biggest share in the global cannabis testing market. Europe had the second biggest share. These same regions will ensure the highest CAGR’s at the time of the forecast period. North America is the main region for the growth of this market because of the growing number of laboratories for testing cannabis, the increasing awareness in relation to medical cannabis, the presence of outstanding players in North America, as well as the rise in funding for the cannabis industry.

Prominent players for testing cannabis software ad products include Shimadzu Corporation of Japan, Agilent Technologies, Inc. of the US, PerkinElmer, Inc. of the US, AB SCIEX LLC of the US, Millipore Sigma of the US, Restek Corporation of the US, Waters Corporation of the US, LabLynx, Inc. of the US, and Accelerated Technology Laboratories, Inc. of the US. The outstanding players for service of cannabis testing include CannaSafe Analytics of the US, Steep Hill Labs, Inc. of the US, SC Laboratories of the US, Digipath Labs, Inc. of the US, and PharmaLabs, LLC of the US.

Target Audiences Include:

Laboratories for cannabis testing

Cannabis associations

Cannabis LIMS/software vendors

Manufacturers of analytical instruments

Academic universities and institutes

Venture capitalists

Consulting and research firm

Estimation for Expansion:

This estimate is inclusive of the computer software and equipment cost that will be used for testing cannabis – highly priced gas and liquid chromatography machines – along with the expense for hiring trained and skilled workers who will administer the investigations and interpret the results. This could be one area where the growth might be inhibited as research analysts believe that there aren’t many skilled professionals to perform lab testing of cannabis.

Finally:

While this report happens to be one among the 60,000 market reports that Markets & Markets publishes every year, it will surely create havoc in the cannabis testing market. It can also be safely assumed that sooner and not later, there will be an increase in the demand for reliable and accurate cannabis testing to get access to clean cannabis, which will be likely be followed by revelations of several contamination scandals.

287 thoughts on “Cannabis Testing Market To Be Worth $1.4 Million by 2021

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  3. absolutamente de acuerdo, por linkear una entrada de bilioso me gané una mentada de madre bastante literal, yo pienso que los que llevan (o llevamos?) más tiempito en esta cosa, deberían dar ejemplo, pero a ratos, de ellos mismos se ven actitudes bastante lamentables.saludos y abrazos.

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  13. All the president did was combine the worst pieces of the two bills (House and Senate)into one shoddy political piece of work. This is one more expensive and expansive piece of legislation that puts off payment until after the big O is out of office as well as add to the already exploding “budget”. We should all contact our reps and tell them to vote against this boondoggle.

  14. Tatiane Gc comentou em 4 de setembro de 2012 às 23:56. Olá galera do Petiscos! Os delineados são lindos e todos ficam perfeitos na Julia e as dicas são muito boas! Eu queria saber de alguma dica para delinear olhos pequenos tais como o tamanho do traço e outros. Obrigada!

  15. In view of the comments that some guilds struggle to reach level 30, I would like to mention that our guild “One Tankard short of a Raid” has reached that target earlier this year with just 6 “basic” (alts not counted) members, and that we intend to purchase a Tier 1 guild hall and amenities without too much of a struggle. This should encourage other guilds to do likewise.Marilyn (Guild Leader)

  16. À propos de ponctuation: je sais bien que le navigateur anglais Vancouver qui donna son nom à une île canadienne se prénommait George, mais d’où vient cette soudaine familiarité que se permettent les médias divers et variés qui nous parlent à longueur de colonnes de ce JO de Vancouver ?

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  32. pjd-I root for Stanford, so hopefully I’m avoiding sentimentality with my picks this year.car-Basically I think authors should go to paid editors when they need it. Some people are able to get feedback from their reading group, others might benefit from an editor. It’s really up to the author.

  33. Just a quibble: "At the time, electors voted for President, not the general public." Of course, that pesky Electoral College is still at it two centuries later, throwing a randomizing wrench into the democratic process every four years. Maybe some day, we'll let the general public give it a try.

  34. But on the genre examples page on the INSPY website it lists “supernatural fiction” as defining Speculative. I know of more than one person who nominated Darlington Woods for Speculative and others who nominated it for Suspense/Thriller. My readers were just plain confused . . . as was I Maybe it’s just Darlington Woods, maybe it’s one of those stories, like so many of Athol’s, that crosses the line to different genres. I dunno.

  35. It actually has been proven. Well specific gods at least. There may be some crazy god we don’t know about, but watch Zeitgeist part 1. Most religions are based on solar and astrological patterns. Our ancestors believed in the heavens, which we now know are just starts and black matter.We’ve come so far, it’s actually quite frightening that so many people have their heads so far up their asses they actually believe in the Christian/catholic (and many other versions) god.

  36. Wow!!! very much needed. so glad you have been encouraged to continue with using the Word to bring healings and encouragements to so many…..blessings to you and it was a s honor to serve you as Head Spiritual director on WKTD #14..Follow Christ and Walk in the Spirit…

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  40. So why does Cenk bother to appeal to Libertards and Small govt Consies anyway?They only want to deregulate. They may abolish a subsidy and then do NOTHING to prevent them from reinstating a much bigger one. Deregulating the banks was a huge failure too.Right-wing economics doesn’t work, doesn’t depend on which flavour. They all ARE crony capitalism or lead directly to it. None of them work, it’s all bullshit. No need to appeal to these people, they must be defeated instead.

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