Startup jumping into pot testing industry
For the president of a food and animal testing lab, the marijuana industry is starting to look like a good investment.
Seth Wong and JJ Slatkin are putting $1.7 million into a new marijuana testing lab called TEQ Analytical Labs.
Wong, 34, is the president of Industrial Laboratories, where he’s worked since 2003. His family owns a majority of the 70-year-old Denver-based food and drug testing lab.
“We’re sitting here, watching the industry, and we realize that we’ve got these competitive advantages,” Wong said. “We have experience testing drugs, and we understand how to test raw materials like plants.”
TEQ is slated to open by the end of July and will test cannabis flowers and concentrates for a variety of factors including intoxicating power and the presence of contaminants like microbes, fungus, bugs and pesticides.
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