Cannabis Testing Market 2019 | Ongoing research by Players Shimadzu Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Millipore Sigma, AB SCIEX LLC, Cannabix Technologies, Inc., Waters Corporation, Steep Hill Labs

Increasing approval of medicinal cannabis products along with extensive research and development activities in the medical cannabis market are expected to support growth of the cannabis testing market.

For instance, in July 2017, 18 states in the U.S. allowed the use of Cannabidiol (CBD) extract, majorly in oil form with minimal tetrahydrocannabinol (THC) for the treatment of epilepsy or seizures in adversely affected children. In March 2017, German parliament signed and enforced law, which allows the healthcare professionals to prescribe the medicinal cannabis products to relieve patients from severe health issues such as chronic pain, vomiting, and nausea.

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Cannabis testing market is projected to witness positive growth during the forecast period, owing to the requirement of desired active ingredient detection and undesired trace elements (mycotoxins and trace metals) before utilizing cannabis product for medicinal and recreational purpose. Increased trend of using cannabis for recreational purpose would be another major impetus for simultaneous rise in cannabis testing market.

In 2012, only two states in the U.S. had legalized recreational use of cannabis however by 2017, seven more states legalized recreational use of cannabis. In January 2018, use of cannabis for recreational purpose initiated in California which resulted in tourist attraction in California and in turn it also doubled the cannabis cultivation assessing business opportunity.

Furthermore, laws mandate compulsory cannabis quality control testing, which is expected to fuel market growth. Furthermore, increasing number of test laboratory across developed country such as U.S. is expected to fuel market growth.

Companies are launching innovative, precise, and efficient analytical platform for cannabis testing, which is expected to fuel market growth. For instance, Agilent Technologies Inc. in 2017, introduced a high-resolution, accurate gas chromatography mass system named as Agilent 7250 GC/Q-TOF system, which combines gas chromatography and quadrupole time-of-flight mass spectrometry with a Low Energy Electron Ionization source enabling high exploration of unknown chemical samples.

High cost of analytical instruments for testing cannabis is one of the factors restraining growth of the market. Furthermore, there are no standards for various residue and unwanted material in cannabis such as pesticide residue, heavy metal, and mycotoxin, which results into inauthenticity of test results given by different cannabis testing laboratories.

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Key players operating in the cannabis testing market include Shimadzu Corporation, Agilent Technologies, Inc., Thermo Fisher Scientific, Inc., PerkinElmer, Inc., Millipore Sigma, AB SCIEX LLC, Cannabix Technologies, Inc., Waters Corporation, Steep Hill Labs, Inc., CannaSafe Analytics, Accelerated Technology Laboratories, Inc., LabLynx, Inc., SC Laboratories Inc., GenTech Scientific, Pharm Labs, LLC, and Digipath Labs, Inc.

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