The U.S.
cannabis industry is booming, with Nevada being one of the country’s most
important markets as a proposal to legalize the use of recreational marijuana
in the state is expected to pass by a landslide in November. Nevada has already
approved the use of medical cannabis in 2000, and the November 8 vote is seen
as an opportunity for the state to possibly replace Colorado as the country’s
main marijuana tourism destination and maybe even join global destinations for
cannabis such as Amsterdam.
A
significant part of the industry and arguably the most attractive is cannabis
testing services, estimated to generate up to one billion dollars of the
overall $35 billion the industry is expected to generate by 2020. Testing services
are crucial for the industry’s development, especially on newer, self-regulated
markets such as Nevada. Capitalizing on these trends, DigiPath, Inc. (OTCQB:
DIGP), via its cannabis testing service DigiPath Labs™, has its foot set firmly
in the Nevadan market, after opening a state-of-the-art testing facility in Las
Vegas and already securing contracts with a great number of the state’s
licensed cultivators.
In August
alone, the company announced new service agreements with three leading
cultivators located in the Las Vegas area: The Clinic Nevada LLC, Green
Extracts – a Moxie Seeds & Extracts licensee, and Vegas Valley Growers.
Based in Las Vegas, The Clinic has numerous cultivation and retail locations in
Colorado and Illinois and, according to COO Jon Marshall, it chose DigiPath
Labs as its cannabis testing provider because the service has ‘gone above and
beyond’ in delivering reliable results with a quick turnaround. Moxie Seeds
& Extracts is one of the foremost producers of cannabis extracts, manufacturing
a wide range of extracts including hashes, oils, tinctures, and seeds for
various cannabis strains. Moxie picked DigiPath Labs as a testing service for
its licensee Green Therapeutics after being impressed by the quick 48-hour
turnaround, its impressive staff of scientists and superior customer service.
Similar words of appreciation for DigiPath Labs’ turnaround time, customer
service and science staff came from Vegas Valley Growers COO Marla Wilson.
Vegas Valley Growers is the exclusive licensee in Nevada of Bhang Corporation,
a leading U.S. manufacturer of cannabis infused products, such as chocolate, as
well as various types of cannabis vaporizers and refills.
The new
deals will help DigiPath consolidate its position on the Nevadan market, where
it aims to become the leading provider of cannabis analytic testing and set the
industry standard for cannabis and cannabis-based product testing, using both
proprietary operating procedures and FDA-compliant lab equipment. The company
offers the fastest testing turnaround on the market – 48 hours to analyze test
samples and return the results, with the help of ultra-sensitive analytical
equipment produced by top diagnostics instrumentation manufacturer Agilent
Technologies (NYSE: A). Under the management of Dr. Cindy Orser, a reputable
biotech and diagnostic industry pioneer, the Las Vegas testing facility’s main
goals are to enable manufacturers to offer safe products, free of contaminants,
and to provide detailed cannabinoid profiles for cannabis-based medicine so as
to allow patients to benefit from the right product for their needs.
For more
information, visit www.DigiPath.com
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