Uruguay Cannabis Testing Services Market Size & Outlook
Uruguay cannabis testing services market, 2018-2030 (US$M)
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Uruguay Cannabis testing services market insights
- The Uruguay cannabis testing services market generated a revenue of USD 3.7 million in 2023.
- The market is anticipated to grow at a CAGR of 28.6% 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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Uruguay 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.
Uruguay’s regulations for recreational use of cannabis involves issuing licenses required to plant, cultivate, harvest, produce, and commercialize cannabis. This license authorizes self-cultivation of cannabis for personal use, cannabis clubs, or for pharmacies.
For home-grown cannabis, people can grow not more than six female flowering cannabis plants per household, for personal consumption. However, the cultivation of more than six cannabis plants are allowed, if these surplus plants are either male or nonflowering. The total annual production of the drug should not exceed 480 g.
For cannabis clubs, the clubs must first be registered with the Institute for the Regulation and Control of Cannabis (IRCCA) and other authorities. They can only have 15 to 45 members. The clubs are authorized to plant 99 cannabis plants in the same place but cannot dispense more than 480 g of cannabis to each of its members. Surplus produce should be handed over to the authorities.
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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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Horizon Databook provides a detailed overview of country-level data and insights on the Uruguay cannabis testing services market, including forecasts for subscribers. This country databook contains high-level insights into Uruguay cannabis testing services market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Uruguay cannabis testing services market size, by service type, 2018-2030 (US$M)
Uruguay Cannabis Testing Services Market Share, 2023 & 2030 (US$M)
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