North America Cannabis Testing Services Market Size & Outlook
North America cannabis testing services market, 2018-2030 (US$M)
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North America Cannabis testing services market insights
- The North America cannabis testing services market generated a revenue of USD 1,094.3 million in 2023.
- The market is anticipated to grow at a CAGR of 8.2% from 2024 to 2030.
- U.S. cannabis testing services market was the largest revenue contributor in North America in 2023.
- In terms of segment, potency testing was the largest segment in 2023.
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Cannabis Testing Services Market Scope
Cannabis Testing Services Market Companies
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North America 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.
North America is known to be the most progressive region with respect to cannabis and its products. It has the highest number of cannabis companies and relaxed laws regarding the utilization of its products. Although the consumption of cannabis is legal in much of the North American region, regulations differ from country to country.
For instance, cannabis is legal in the U.S. and Canada. They are the global leaders in cannabis industry. However, lower regions of the continent such as Central America and the Caribbean have a different perspective toward cannabis. They have extremely stringent laws related to hemp.
Irrespective of its non-psychoactive effects, hemp has been considered in the same category as marijuana. Therefore, the utilization of hemp and cannabis products and its cultivation remains illegal in majority of the lower regions of the North American continent.
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Target buyers of North America cannabis testing services market databook
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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 continent-level data and insights on the North America cannabis testing services market, including forecasts for subscribers. This continent databook contains high-level insights into North America cannabis testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America cannabis testing services market size, by country, 2018-2030 (US$M)
North America Cannabis Testing Services Market Share, 2023 & 2030 (US$M)
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