California cannabis testing lab raises $22.six million for expansion

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California-primarily based testing lab Cannalysis raised $22.six million that will fund its expansion in the state as effectively as bankroll its entry into other marijuana markets in the U.S.

The Santa Ana-primarily based enterprise raised the dollars from Canlab, a cannabis, hemp and CBD testing laboratory network.

The unusually massive raise for a lab also will assistance fund its ongoing robotic automation of cannabis testing solutions.

Cannabis and hemp testing is nonetheless in its nascent stages, and there’s an massive marketplace chance as legalization becomes far more widespread and the utility of CBD solutions develop into far more prevalent,” Cannalysis Executive Chairman Gary Hopkinson mentioned in a statement.

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