05/15/2021
In the report the cannabis testing market, the market is expected to reach US$ 2,486.7 Mn in 2025 from US$ 1,028.2 in 2017. The market is estimated to grow with a CAGR of 11.9% from 2017-2025. The cannabis testing market is driven by the driving factor such as increasing awareness through conferences, symposia, & workshops, legalization of medical cannabis and growing adoption of LIMS in cannabis testing laboratories. However, the market is likely face the restraining factors such as risks related to stringent regulatory framework for cannabis and dearth of trained laboratory professionals. The future trend that is likely to drive the market growth with advances in cannabis testing equipment. The cannabis testing market as per the type segment is segmented as product and software.
https://bit.ly/3upLWCO