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Contaminated & Mislabeled: How Testing Could Save the Cannabis Industry

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Submitted by Marijuana News on Sat, 06/27/2015 - 06:21

SEATTLE, WA / ACCESSWIRE / June 26, 2015 / The cannabis industry has become one of the fastest growing industries in the U.S. overnight, with several states legalizing medical and recreational marijuana, but the rapid growth hasn't come without its share of growing pains. Without a precedent in place, many states have failed to setup effective testing and labeling programs, creating a dangerous situation for many customers that can only be remedied by stricter standards and better testing.

GreenWave Advisors, LLC, an independent investment research and advisory firm serving the cannabis industry, published a report titled "Marijuana Lab Testing: An in depth analysis of investing in one of the industry's most attractive plays," which projects marijuana lab testing revenues could reach $850 million a year by 2020.

Dangerous Contamination

The Oregonian's Noelle Crombie published a scathing critique of the cannabis industry's abhorrent testing standards in June, which has helped to shed...

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