Breaking the Cycle: Effective Strategies for Cannabis Testing Labs and Regulators to Address THC Inflation and Lab Shopping

Author: Montserrat Valdes

Journal: Astrix, July 25, 2023

Abstract: The legalization of cannabis in different states in the US has resulted in a rapid expansion of the industry. It is predicted that the regulated cannabis industry will reach $82.3 billion by 2027. The primary factors contributing to the growth of the cannabis industry are the increasing acceptance and legalization of cannabis for both medical and recreational purposes. This trend is expected to continue as more states realize the potential advantages of legalizing cannabis, including generating more tax revenue, creating job opportunities, and providing medical benefits. The legalization of cannabis has also stimulated new research and development, leading to innovative new products.