New Testing Lab License Programs
Over the years, the evolution of the cannabis industry can be tracked along three distinct regulatory timelines: medical marijuana, adult-use (recreational) marijuana, and industrial hemp.
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Over the years, the evolution of the cannabis industry can be tracked along three distinct regulatory timelines: medical marijuana, adult-use (recreational) marijuana, and industrial hemp.
In this week’s post we wanted to highlight testing and distribution licenses; two activities that do not receive nearly as much attention as dispensaries, manufacturers, and cultivators.
Marijuana testing labs will be worth $1.4 billion by 2021 based on High Times’ estimation, which represents an annual growth rate greater than 10%. Sounds good, right? Unfortunately, there’s a problem.