US Cannabis Testing Market : Estimation, Dynamics, Regional Share, Trends, Competitor Analysis 2016-2021 and Forecast 2022-2028

$ PRICE - $ 3,000.00$ 8,900.00

US Cannabis Testing Market: By Type (Medical and Recreational)- Market Size (Value & volume) and Regions (California, Florida, Illinois, Massachusetts, Michigan, Nevada, New York, Ohio, Pennsylvania & Virginia)

 

$ PRICE - $ 3,000.00$ 8,900.00
Clear selection
Clear
$ PRICE - $ 3,000.00$ 8,900.00
FacebookTwitterLinkedinEmail

Report

Description

US Cannabis Testing market is estimated to account at 193.7 Million in 2020 and projected to reach USD 796.3 million by 2026 due to legalization of cannabis in all states. Furthermore, growing focus of different business units like cannabis growers/cultivators, producers/manufacturers, distributors, dispensaries/retailers to get approval from respective state level authorities to cultivate, produce, distribute, and sale cannabis respectively with in the US. The US cannabis testing samples volume is projected to reach 2,790 thousand samples by 2026 from 625 thousand samples in 2020. US Cannabis Testing market report gives comprehensive outlook on types of businesses units like cultivators/growers, producers/manufacturers, dispensaries/retailers, and cannabis testing labs across the US with special emphasis on regulations such as legalization of cannabis at state level, including California (CA), Florida (FL), Illinois (IL), Massachusetts (MA), Michigan (MI), Nevada (NV), New York (NY), Ohio (OH), Pennsylvania (PA), and Virginia (VA). The report gives future market sizes in terms of value (US$ Mn) and volume (Thousand tons). This report studies US Cannabis Testing market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Key stakeholders of the report include cultivators/growers, producers & suppliers, dispensaries/retailers, policy makers, and testing labs, engaged in US Cannabis Testing products.

US Cannabis Testing Market

MARKET SUMMARY
-
x%
  • Study Period– 2022 – 2028
  • Base Year– 2021
  • CAGR– x%

US Cannabis Testing Market

US Cannabis Testing market is showing promising growth owing to the following factors,

  • Regulations (Legalization of Cannabis Medical/Recreational & FDA regulated Cannabis Products)
  • Number of business units (distributors, cultivators, manufacturers, dispensaries/retailers, testing labs)
  • Pharma companies focus
  • Vertical/greenhouse cultivation
  • Consumer Spending on cannabis products

 

Key Players
  • SC Labs
  • PharmLabs
  • EVIO Labs
  • Kaycha Labs
  • Steep Hill Labs
US Cannabis Testing Market

Growth

Over the two to three years period number of active cannabis business licenses grew significantly in the US. Business licenses types include distributors, cultivators, manufacturing, testing labs, and others. During 2018 period from January to December number of licenses grew from 9,522 licenses on January, 2018 to 17,350 licenses as of December, 2018 at a growth rate of 82% (including cultivation, processing, distribution, and testing). Number of Marijuana Licenses in January 2018- Distributor: 270 licenses, Cultivator: 4,106 licenses, Manufacturer: 1,986 licenses, Dispensary/Retailer: 2,794 licenses, and Testing: 116 licenses. Number of Marijuana Licenses in December 2018- Distributor: 824 licenses, Cultivator: 8,781 licenses, Manufacturer: 2,899 licenses, Dispensary/Retailer: 4,042 licenses, and Testing: 160 licenses. Marijuana License Growth in 2018 include Distributor: 205% growth, Cultivator: 114% growth, Manufacturer: 46% growth, Dispensary/Retailer: 45% growth, and Testing: 38% growth. The growth of such cannabis business licenses are expected to drive the cannabis testing market in the US.


US Cannabis Testing Market

Latin America
Latin-America
North-America
North-America
Europe
Europe
Asia Pacific
Asia-Pacific
Middle East
Middle East

Key

Findings of the Report

  • US Cannabis Testing market is estimated to USD 193.7 Million in 2020 and projected to reach USD 796.3 million by 2026 with a CAGR of 26.6% during 2020-2026 period
  • US Cannabis testing samples volume is projected to reach at 2,790 thousand samples by 2026 from 625 thousand samples in 2020 at CAGR of 28.3% during 2020-2026 period.
  • Based on type, recreational is estimated to account for largest market share in terms of value in 2020 and projected gain market revenue share over the forecast period

Key

Features of the Report

US Cannabis Testing Market Segmentation


Location

GEOGRAPHY

Frequently Asked Questions

2021 is the base year and 2028 is the forecast year.

The report covers the five regions and 15+ countries market data: North America (United States, Canada), Europe (Germany, France, Italy, Spain, and United Kingdom (UK), Asia Pacific (China, India, Japan, Australia & New Zealand), Latin America (Brazil, Mexico, Argentina) and Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa).

In our report, we provide 12-15 market players’ information into the report. However, based on the client’s request we will provide additional country and regional market players information as well.


Report

Company Profile

  • SC Labs
  • PharmLabs
  • EVIO Labs
  • Kaycha Labs
  • Steep Hill Labs
  • Digipath
  • Cannalysis
  • CannaSafe
  • Deibel Laboratories
  • ProVerde Labs
  • MCR Lab
  • The Werc Shop
  • CB Labs
  • CW Analytical
  • Green Leaf Lab
  • Cascadia Labs
  • ACS Laboratory
  • Encore Labs
  • Gobi Labs

Description

US Cannabis Testing market is estimated to account at 193.7 Million in 2020 and projected to reach USD 796.3 million by 2026 due to legalization of cannabis in all states. Furthermore, growing focus of different business units like cannabis growers/cultivators, producers/manufacturers, distributors, dispensaries/retailers to get approval from respective state level authorities to cultivate, produce, distribute, and sale cannabis respectively with in the US. The US cannabis testing samples volume is projected to reach 2,790 thousand samples by 2026 from 625 thousand samples in 2020. US Cannabis Testing market report gives comprehensive outlook on types of businesses units like cultivators/growers, producers/manufacturers, dispensaries/retailers, and cannabis testing labs across the US with special emphasis on regulations such as legalization of cannabis at state level, including California (CA), Florida (FL), Illinois (IL), Massachusetts (MA), Michigan (MI), Nevada (NV), New York (NY), Ohio (OH), Pennsylvania (PA), and Virginia (VA). The report gives future market sizes in terms of value (US$ Mn) and volume (Thousand tons). This report studies US Cannabis Testing market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. Key stakeholders of the report include cultivators/growers, producers & suppliers, dispensaries/retailers, policy makers, and testing labs, engaged in US Cannabis Testing products.

ASIA PACIFIC OFFICE

Precision Business Insights, 5th Floor, Mohan’s Elite, Opp : Bharat Petroleum Pump, Khanamet Road, Hitech City, Hyderabad – 500084

EUROPE OFFICE

Precision Business Insights, Kemp House, 152 – 160 City Road, London EC1V 2NX