How to Build a Marijuana Testing Laboratory – The Hottest Cannabusiness Idea Out There!
There has been a significant development in the cannabis industry over the years as a result of the legalization of recreational and medical use of cannabis. It is forecasted that cannabis sales will reach and surpass $20 billion by 2023. Cannabis use is becoming acceptable in our society, making now the perfect time to venture into the industry. So if you are thinking of investing in this expanding industry, or you have an incentive to create better medicine alternatives for those in need, building a standard cannabis testing laboratory is what I’ll recommend.
Cannabis testing is the smallest section of the sector but when we look at it from a health and safety perspective, it’s role is quite relevant, which makes owning and operating a lab more lucrative. Scientists testing for potency, pesticides, terpene profile, moisture, microbial and fungal growth can make notable contributions to the medical industry by making sure products are safe, while also spawning profits. Currently, there are more than 200 cannabis testing labs in the United States alone. By 2021, the global cannabis testing market is expected to reach $1.4 billion.
Why Does Cannabis Testing Matter?
The answer to this is quite clear. Can you drink expired or contaminated coffee? No right. The same thing applies to your cannabis. Cannabis testing is essential for consumer safety and quality assurance and is currently required by law through new health guidelines. Cannabis testing ensures that all consumers have correct information on the safety of their cannabis. This is important for the medical cannabis market, where consumers may have increased sensitivity to contaminants and compromised immune systems.
Building a Cannabis Testing Lab
Building a cannabis lab is not something that you wake up one day to start, it is a process. Taking a close look at the industry, the players, and the role your laboratory is going to play are things you should look out for. It is very crucial to do your research in detail. There are aspects you need to consider before getting started, they include:
The legalities of starting a cannabis testing lab vary. So, the regulatory necessity and accreditation you will need to understand and abide by are determined by the state or country your lab is situated. Procure and maintain ISO/IEC accreditation, local and state air quality, odor abatement, chemical exposure, ventilation, and Heat Output are all HVAC concerns. Having Quality Control and Assurance programs in place is crucial for quality management. The guidelines might change often, stay up to date on possible changes or updates happening in your location.
Recruiting Gifted Professionals
Finding qualified and passionate candidates can be difficult. This is especially true when you require an employee with definite scientific knowledge. Follow this rule: always be on the lookout for experience e.g persons that have used the instruments in your lab before(you cannot employ someone that isn’t familiar with cannabis). Rewarding your workers is key because they will require an attractive offer to join your team and lastly find individuals who are flexible and enjoy working in a cannabis environment.
Understanding the Supply Chain
Growers: They test crops, cannabis nurturers can ensure their products don’t have unwanted components like pesticide, as well as fungus.
Distributors: It serves a variety of functions that makes distribution easier.
Regulators: There’s also been a sharp increase in new independent labs as a result of the demand, putting a value on efficiency throughout the industry. This is the supply chain utilized in most testing laboratories
Cannabis Industry Lab Equipment
This sector relies on state-of-the-art equipment capable of handling the distinct and complex science of cannabis testing. In modern cannabis testing centers, you’ll find the following: Mass Spectrometry, Gas Chromatography, Liquid Chromatography (HPLC), etc.
Building a Suitable Lab Space
Furnishing your lab space with the proper instruments and equipment essential to comply with laws and environmental guidelines is important and providing a safe environment for your employees is key. Quality furniture such as laboratory workbenches and tables for the work areas, eyewash stations, emergency showers, and flammable gas alarm systems for safety should be prepared.
Even though cannabis testing labs can’t always guarantee the significant revenue margins (40%) that growers, sellers, and extraction labs do (200%-400%), it is still significant. And as both medicinal and recreational production and usage of cannabis continue to increase, health professionals are seeing that prerequisites to testing cannabis products are crucial to guarantee efficiency, health, and safety. So the market is booming and it is on the rise. Good luck!