Cannabis Testing Services Market Report 2024, Featuring Saskatchewan Research Council (SRC), Eurofins Scientific, PharmLabs, Steep Hill, CW Analytical, GreenLeaf Lab, Praxis Laboratory and...
Sanofi - American Depositary Shares (SNY)
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sanofi.com/en/investors
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Source: Yahoo! Finance
Analysis Report By Service Type (Potency Testing, Terpene Profiling, Heavy Metal Testing, Pesticide Screening, Microscopy Testing), By End Use, By Region, And Segment Forecasts, 2023 - 2030" report has been added to ResearchAndMarkets.com's offering. The global cannabis testing services market size is expected to reach USD 5.4 billion by 2030, registering a CAGR of 16.9% from 2023 to 2030. The growing acceptance of cannabis as a medicinal product, stricter quality checks, and rising demand for cannabinoid profile analysis to identify major strains are the key factors driving the market growth. Furthermore, the growing competition in the market is an important factor supporting the growth over the forecast period. Based on services type, potency testing dominated the market with a share of 21.7% in 2019. Rising cases of contamination and the need to determine the concentration of active cannabinoids present in cultivated plants are the key factors driving market growth. Moreover, t
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