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==What all do you need?==
==What all do you need?==
Before you do anything, the best approach is to take a close look at the industry, its players, and how you see your lab integrating with the regulatory dynamics of your state. Do you want to test only medicinal cannabis? Recreational? Both? Extraction only? Who are your customers? Can they afford to pay for the testing you want to provide? What are state and national regulations affect your decisions? Are changes to regulations coming soon? How much will a certification like ISO 17025 help? The answers to these and other questions will help you visualize the market and decide whether this is something you really want to do. Additionally, these questions act as fuel for defining the strategic considerations of what should turn into a vital first step: making your business plan.
** https://www.lablynxpress.com/index.php?title=Starting_a_Cannabis_Testing_Lab
** https://www.lablynxpress.com/index.php?title=Starting_a_Cannabis_Testing_Lab
** https://cannabusinessplans.com/cannabis-testing-laboratory-business-plan/
** https://cannabusinessplans.com/cannabis-testing-laboratory-business-plan/

Revision as of 23:03, 13 June 2019

Starting a Cannabis Testing Laboratory

In 2019, the cannabis industry finds itself unquestionably maturing from the wild and unregulated initial frontier stage of new, uncharted territory, into a more clearly-defined, valid business ecosystem. Searching business-related social media like LinkedIn or LIMSforum, as well as online job sites like Indeed or GlassDoor, will attest to the great number of industry-related organizations, products, and services, including laboratory testing. And although testing has yet to become mandatory in every state with Cannabis laws on the books, the trend is definitely moving in that direction, for both medicinal and recreational products.[1] (Even Arizona has finally made potency and purity testing mandatory.[2]) As of June 2019, nearly 200 unique businesses are operating Cannabis testing labs across the United States and Canada[3], offering services that range from extraction only, to full analysis (either production QA/QC or commercial), to research. However, it is clear that more will be required as various valid medicinal properties are documented, general usage proliferates, and testing regulations expand.[4][5]

As such, the question many lab professionals, investors, and entrepreneurs are beginning to ask is "what's the best way to get started in Cannabis testing?".

What all do you need?

Before you do anything, the best approach is to take a close look at the industry, its players, and how you see your lab integrating with the regulatory dynamics of your state. Do you want to test only medicinal cannabis? Recreational? Both? Extraction only? Who are your customers? Can they afford to pay for the testing you want to provide? What are state and national regulations affect your decisions? Are changes to regulations coming soon? How much will a certification like ISO 17025 help? The answers to these and other questions will help you visualize the market and decide whether this is something you really want to do. Additionally, these questions act as fuel for defining the strategic considerations of what should turn into a vital first step: making your business plan.

What are the financial considerations and available sources for financing?

What kind of instrumentation and data management is required?

What data integrations are vital?

Where do you find personnel for your laboratory?

What state regulations affect your lab decisions?

Closing

References

  1. ↑ Sabol, J.E. (30 October 2018). "The Future of Cannabis Testing". Analytical Cannabis. https://www.analyticalcannabis.com/articles/the-future-of-cannabis-testing-311209. Retrieved 13 June 2019. 
  2. ↑ Downs, D. (10 June 2019). "Arizona Just Made Cannabis Safer and Saved Every Patient $150". Leafly. https://www.leafly.com/news/politics/arizona-medical-marijuana-fees-lowered-testing-added. Retrieved 13 June 2019. 
  3. ↑ Douglas, S. (May 2019). "6. Final thoughts and 7. Resources". Past, Present, and Future of Cannabis Laboratory Testing and Regulation in the United States. https://www.limswiki.org/index.php/LII:Past,_Present,_and_Future_of_Cannabis_Laboratory_Testing_and_Regulation_in_the_United_States/Final_thoughts_and_resources. Retrieved 13 June 2019. 
  4. ↑ Schroyer, J. (January 2016). "Industry Snapshot: Testing Labs - Data, Trends and Challenges". Marijuana Business Magazine. https://mjbizmagazine.com/industry-snapshot-testing-labs. Retrieved 13 June 2019. 
  5. ↑ Peña, J. (20 December 2018). "California marijuana industry braces for ‘another enormous burden’ from next phase of testing costs". Marijuana Business Daily. https://mjbizdaily.com/california-marijuana-phase-3-testing-costs/. Retrieved 13 June 2019. 
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