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Home 🌿 Cannabis Technology News 🌿 GTSO Develops Flexible Solution to Lab Shortage Crisis 🌿GTSO Develops Flexible Solution to Lab Shortage Crisis
The historic boom in biotechnology over the past few years has driven up demand for laboratory space in the nation’s hottest markets, sending rents soaring and vacancy rates plummeting. Green Technology Solutions, Inc. (GTSO) is working on new solutions to help ease the scarcity.
“The explosion in demand for laboratory space driven by the biotech sector has had a ripple effect across a number of industries,” said GTSO CEO Wallace W. Browne. “Out West, especially, startups and smaller businesses are having difficulty securing the lab space and services that they need to operate. Our company is taking steps towards a possible solution to that problem.”
GTSO is currently working to bring new lab facilities online in a market where the shortage is keenly felt: Colorado. There, growers and retailers in the cannabis industry must now deal with long wait times and rising costs to have their products tested for...
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