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The North American cannabis testing market is expected to grow at a CAGR of 12.99%, generating $1370 million by the end of the forecast period of 2017-2025.
The presence of major industry players such as Restec Corporation and Thermo Fisher Inc is hugely responsible for driving the market growth in this region. Also, the increasing use of cannabis testing in the medical research and treatment due to the legalization from 25 states in the US, has hugely contributed to the market expansion. The market segments include by testing methods, end-users, cannabis type, and product and software segments.
Perkinelmer Inc, Agilent Technologies Inc, Cmt Laboratories Inc, Restek Corporation, Pharmlabs Llc, Thermo Fisher Scientific Inc, AB Sciex Llc, Sigma-Aldrich (Acquired By Merck Group), Gentech Scientific and Cannasafe Analytics, are some of the noted market players.