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Title Global Cannabis Testing Market size, Demand, Analysis and Opportunity Forecast 2025
URL https://www.globenewswire.com/en/news-release/2022/11/17/2558351/0/en/Cannabis-Testing-Market-Size-to-Hit-US-1-806-million-by-2025-Globally-Exclusive-Repor
Category Fitness Health --> Health Articles
Meta Keywords Cannabis Testing Market
Meta Description Cannabis Testing Market, Marijuana Testing Market Size, Hemp Testing Market Share, CBD Testing Market Growth, Cannabis Testing Market Trends
Owner Healthcare101
Description
The Global Cannabis Testing Market is expected to reach USD 1,806 million by 2025 from USD 962 million in 2020, at a CAGR of 13.4% during the forecast period. The growth in this market is mainly driven by factors such as the legalization of medical cannabis and the growing number of cannabis testing laboratories (specifically in the US), the growing adoption of LIMS in cannabis testing laboratories, and increasing awareness. A lack of uniformity in rules and regulations, high costs, and inadequate personnel are major factors expected to hamper the market growth.