Posts

Showing posts with the label Cannabis Testing Market Share

Global Cannabis Testing Market valued at $1.1 billion (2021), is set to witness a lucrative growth of 14% in the next 5 years

Legalization of Medical Cannabis in Key Markets such as the USA bolsters the growth of Cannabis Testing Market Citing the benefits of medical cannabis, governments in various countries are legalizing its use. In recent years, countries such as Israel, Australia, North Korea, Spain, the UK, Canada, Portugal, Germany, Italy, Brazil, and the Netherlands have all legalized the use of medical cannabis. In the United States, 37 states, 4 U.S. territories as well as the District of Columbia have also legalized medicinal cannabis. Due to the growing legalization and increased adoption of cannabis testing, the demand for the analytical testing of cannabis to ensure that the products are contamination-free and safe for human consumption has grown. To cater to the growing demand for cannabis testing, the number of cannabis testing laboratories is also growing. Strong Government Support for Legalization of Medical Marijuana in LATAM and Selected European Countries l ikely to open New Growt...