CANNABIS TESTING SERVICES MARKET ANALYSIS

Lack of standardized testing procedures is a major factor which is hindering the global cannabis testing services market growth during the forecast period. The rising demand for safe cannabis products has resulted the need of cannabis quality control testing facilities. However, several products fail to meet the standard criteria. According to California’s Bureau of Cannabis Control (BCC), in September 2020, approximately 32.9 percent of foods, tinctures, and lotion samples, as well as 20.4 percent of inhalable oils and waxes samples failed laboratory examination. Furthermore, there are certification problems for makers of infused goods because there are different rules and regulations stating the standardization method of the equipment. As a result, depending on the laboratory where a sample is examined, it might give a variety of outcomes which is projected to hamper the market growth.

Market Opportunity – Increasing Cancer Prevention Initiatives

The cannabis testing services market is poised for significant growth and transformation as more states legalize medical and recreational marijuana use. Currently, cannabis testing is largely done manually which can be an inefficient, time-consuming and inconsistent process. However, the implementation of automation and digitization technologies provides a major opportunity to standardize, streamline and scale testing operations. Automated solutions such as liquid handling robots, next generation sequencing machines and software for lab information management could help labs process more samples faster and with improved accuracy. This would help labs alleviate the heavy workload associated with increased production and consumption volumes. The continued digitalization of testing data and integration with seed-to-sale tracking systems creates opportunities for leveraging analytics and artificial intelligence. This can power applications like predictive quality management and remote monitoring. Such innovations are likely to have major impacts on compliance, public health outcomes as well as cultivator and product success. As the legal cannabis market matures, automation and digitization will be crucial for the long-term scalability and sustainability of quality control regimes.