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Home 🌿 Cannabis Technology News 🌿 DigiPath (DIGP) Well Positioned to Take Advantage of $850M Cannabis Testing Market 🌿DigiPath (DIGP) Well Positioned to Take Advantage of $850M Cannabis Testing Market
WHITEFISH, MT / ACCESSWIRE / July 16, 2015 / There are many different ways to profit from the burgeoning cannabis industry, ranging from GrowBLOX Sciences Inc.'s (OTCQB: GBLX) growing solutions to Medbox Inc.'s (OTCQB: MDBX) dispensing technologies to Cannabis Science Inc.'s (OTCQB: CBIS) focus on the medicinal properties of the plant, but cannabis testing could be the most compelling.
Cannabis testing is expected to generate close to a billion dollars in revenue by 2020, according to a new report by GreenWave Advisors, a comprehensive independent research firm focused on the emerging legal cannabis industry.
"It's an exciting time to be in lab testing, because it's one of the subsectors within the cannabis industry that we believe is sustainable as laws change," said GreenWave Advisors Founder Matthew Karnes. "We view this as the most attractive subsector of the industry."
Mr. Karnes points to a number of factors that make lab testing such an...
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