United States Cannabis Testing Market to hit USD 1.2 billion by 2026: Global Market Insights, Inc. – GlobeNewswire

Selbyville, Delaware, Jan. 06, 2020 (GLOBE NEWSWIRE) —
Global Market Insights, Inc. has recently added a new report on United States cannabis testing market which estimates the market valuation for cannabis testing in the U.S. will cross US$ 1.2 billion by 2026. Surge in demand for medical cannabis for various treatments will lead to implementation of stringent government regulations for cannabis testing that will propel the market growth.Rising number of applications for medical cannabis will spur the medical marijuana industry over the forecast period, thereby fostering the medical cannabis testing market growth. A growing number of research institutes are focusing on discovering additional applications of cannabis. An increasing investment in research and development will boost the cannabis testing market over the analysis timeframe.Request for a sample of this research report @ https://www.gminsights.com/request-sample/detail/4481Increasing medical benefits of marijuana have spurred the demand for legalization, and various U.S. states have legalized the use of marijuana for certain medical conditions. This legalization will increase the need for laboratories to test for potency and safety, thus propelling the industry growth. Moreover, increased awareness of medical benefits of marijuana will increase the number of users, creating the need of safety standards for the product. These factors will assist in market expansion over the forecast period.By technology, the United States cannabis testing market size is bifurcated into chromatography and spectroscopy. The chromatography segment is further classified into liquid, gas chromatography and others. The chromatography segment is expected to dominate the market across the forecast period. The segment held around 63% market share in 2019 and is expected to show a significant growth over the forecast period. The growth can be attributed to certain advantages of chromatography testing such as fast and accurate results. Furthermore, manufacturers are launching innovative chromatography techniques specially for the cannabis testing market. Various technological

Read More Here...

Leave a Comment

Your email address will not be published. Required fields are marked *

Scroll to Top