Colombia Cannabis Testing Services Market Size & Outlook
Colombia cannabis testing services market, 2018-2030 (US$M)
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Colombia Cannabis testing services market insights
- The Colombia cannabis testing services market generated a revenue of USD 4.3 million in 2023.
- The market is anticipated to grow at a CAGR of 25.9% from 2024 to 2030.
- In terms of segment, potency testing was the largest segment in 2023.
- Potency Testing is the most lucrative product segment registering the fastest growth during the forecast period.
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Cannabis Testing Services Market Scope
Cannabis Testing Services Market Companies
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Colombia cannabis testing services market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to cannabis testing services market will help companies and investors design strategic landscapes.
The established regulatory framework of Colombia grants licenses to individuals for production, manufacture, export, transformation, and research of cannabis. According to Chamber of Criminal Cassation—ruled by the Supreme Court—the cultivation of 20 cannabis plants or less is not punishable if not used for trafficking, commercialization, or distribution.
Cultivation of more than 20 (up to 100) cannabis plants is a punishable offence with 64 to 108 months in prison. Above this number of plants, the prison sentence is 96 to 216 months.
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Our clientele includes a mix of cannabis testing services market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Colombia cannabis testing services market, including forecasts for subscribers. This country databook contains high-level insights into Colombia cannabis testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Colombia cannabis testing services market size, by service type, 2018-2030 (US$M)
Colombia Cannabis Testing Services Market Share, 2023 & 2030 (US$M)
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