TSXV:TEST.H - Post by User
Post by
nopooon Mar 20, 2019 10:41am
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Cannabis tester FluroTech is a market disruptor
Cannabis tester FluroTech is a market disruptorThe legalization of cannabis in Canada - only the second country after Uruguay to do so - presents a huge business opportunity here and elsewhere. The global cannabis market is expected to hit $146 billion by the end of 2025. Most of the action is expected to be centered in North America. Along with the sale of marijuana/ cannabidiol (CBD) products including dried material for smoking, paraphernalia and edibles, cannabis testing will be a key, and extremely lucrative, sub-market.
Currently there is no universal method for testing cannabis products. But as regulated cannabis markets continue to emerge in North America (Canada and 11 US states now have legal marijuana, sold for medicinal and recreational purposes), there is a growing need for a system of rapid and effective cannabis testing. The testing market is pegged at $300 million in Canada, just over double that in the United States, and $2.75 billion worldwide.
One company aiming to grab a piece of this lucrative trade is FluroTech (TSX-V:TEST, OTCQB:FLURF).
https://aheadoftheherd.com/Newsletter/2019/Cannabis-tester-FluroTech-is-a-market-disruptor.htm
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