Cannabis Testing Market To Exhibit A CAGR of 14.1% With Promising Research On Possible Treatment Of COVID-19 And For Other Medical Treatment.

Pune, India, July 22, 2020 (GLOBE NEWSWIRE) -- Global Cannabis Testing Market was valued USD 1.2 billion in 2019 and is anticipated to grow at a CAGR of 14.1% during the forecast period. Increasing usage of cannabis for medical purposes has led to the legalization of cannabis in various countries across the globe. For instance, currently, more than 30 countries across the globe have legalized the use of cannabis for medical treatment. The legalization of cannabis for medical purposes will provide new growth avenues for testing laboratories, thus leading to a huge development of the cannabis testing industry throughout the forecast period. Moreover, increasing focus to meet the growing needs of hemp and cannabis cultivators will further lead to increasing cannabis testing laboratory setup, fueling the business growth in the future.Request For a Sample Copy Of This Research Report @ growing number of medical applications of cannabis will spur the medical cannabis industry, thus rendering a positive impact over cannabis testing industry growth as various research institutes are investing in exploring additional therapeutic uses of medical cannabis.The COVID-19 Impact on the Global Cannabis Testing MarketWith COVID-19 continuing to spread all over the world, researchers are looking into numerous options for possible treatment, including existing drugs. Medical cannabis is one option thata??s gained a lot of attention, but while early research shows some promise, ita??s much too early to consider a safe and effective treatment.
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