Us cannabis testing service market
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, 2019 - 2027
- Dec 2019
- CMI3155
- 254 Pages
- Excel & Pdf
- Pharmaceutical
US Cannabis Testing Services Market – Insights
Development of therapies derived from cannabis and its components has been increasing in the recent past. Moreover, there has been extensive research and development treatment of various medical conditions such as cancer, multiple sclerosis, post-traumatic stress disorder, and anxiety with cannabis. Furthermore, the U.S. Food and Drug Administration (FDA) offers an active program which assists drug developers in investigating marijuana (or its components) through controlled clinical trials, in order to demonstrate the potential for safe and effective uses of marijuana.
The US Cannabis Testing Services Market size was valued at US$ 127.7 million in 2019, and is expected to witness a CAGR of 15.7% over the forecast period (2019 – 2027).
US Cannabis Testing Services Market Share (%) Analysis, By Test Type, 2019
Source: Coherent Market Insights Analysis (2019)
Rising accreditation and licensing of cannabis testing laboratories is expected to drive growth of the US Cannabis Testing Services Market
Increasing approvals from regulatory authorities and banking bill for cannabis testing services is expected to contribute towards growth of the cannabis testing services market in the U.S. For instance, in September, the U.S. House of Representative passed a SAFE banking Act bill that would grant a legal marijuana businesses access to banking and in October 2018, the Massachusetts Cannabis Control Commission granted licenses to MCR Labs in Framingham and CDX Analytics in Salem for testing of recreational cannabis.
Furthermore, according to the Cannabis Industry Journal article published on May 30, 2019, the governor of Arizona signed the very first bill for mandatory testing of medical marijuana and derivative products to be conducted by an independent lab for pesticides, fungus, heavy metals, and other impurities starting November 1, 2020.
Moreover, in September 2018, Rhode Island Department of Health (RIDOH) announced that they are accepting applications for analytical laboratories in Rhode Island for testing of medical marijuana. Licensed laboratories will collect samples and analyze medical marijuana products cultivated and/or manufactured by registered compassion centers and licensed cultivators.
As a result, increasing legalization of cannabis and rising accreditations and licensing for cannabis testing laboratories in the U.S. is expected to drive demand for cannabis testing services and contribute to the market growth.
US Cannabis Testing Services Market - Restraints
Lack of regulations in some regions is expected to be a prominent factor hampering growth of the cannabis testing service market over the forecast period. For instance, up to April 2019, there were no regulations regarding cannabis laboratory testing in Arizona, U.S., which is one of the U.S. states where medicinal use for cannabis has been approved in 2010. In May 2019, lawmakers in Arizona, U.S. unanimously passed SB1494, a bill requiring mandatory lab testing for medical cannabis products, through the state’s House and Senate.
US Cannabis Testing Services Market Value (US$ Mn) & Y-o-Y Growth (%), 2016-2027
Source: Coherent Market Insights Analysis (2019)
US Cannabis Testing Services Market - Competitive Landscape
Key players operating in the US Cannabis Testing Services Market include SC Laboratories Inc., Eurofins Scientific, Praxis Laboratory, Agricore Laboratories, Digipath Inc., Fairbanks Analytical Testing LLC, Aurum Laboratories, LLC, Pure Analytics LLC, Gobi Labs, Cascadia Labs, Encore labs, PharmLabs LLC.
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
- SC Laboratories Inc.*
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Eurofins Scientific
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Praxis Laboratory
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Agricore Laboratories
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Digipath, Inc.
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Fairbanks Analytical Testing LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Aurum Laboratories, LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Pure Analytics LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Gobi Labs
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Cascadia Labs
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- Encore labs
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- PharmLabs LLC
- Company Overview
- Product Portfolio
- Financial Performance
- Recent Highlights
- Strategies
- SC Laboratories Inc.*
- Section
- References
- Research Methodology
- About Us and Sales Contact
*Browse 13 market data tables and 23 figures on “Cannabis Testing Services Market” – US forecast to 2027”