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Legal Cannabis Set to Grow Scientific R&D

Author: Delta Scientific(i) : Contact: delta-sci.com

Published: 2020-06-14

Synopsis and Key Points:

What legal Cannabis in Canada means for Science showcases research demonstrating how industry developments are expected to promote growth over 50%.

Canada's 129 licensed cannabis producers are now looking to work with scientists on everything from gene mapping and metabolic engineering...

Delta says highlighting this data can help the industry take cannabis use seriously and highlight it as a potential growth application area within the scientific community.

Main Digest

Canadian lab equipment distributor Delta Scientific is highlighting how the legalization of Cannabis in Canada has promoted growth in the scientific research and development industry, with the market expected to grow to $11 billion by 2025.

The company's infographic, 'What legal Cannabis in Canada means for Science' (below), showcases research that demonstrates how developments in the industry are expected to promote growth of more than 50 per cent.

Delta says highlighting this data can help the industry take cannabis use seriously and highlight it as a potential growth application area within the scientific community.

Ted McGuinness, Operations Manager at Delta, comments:

"Back in 2001, Canada became the first country to legalize cannabis for medical use. Since then, the ingredient has been used across a number of consumer products, thanks to the hard work of research and development across the country."

"By releasing this infographic, we're aiming to highlight just how many uses it has and how it can help R&D flourish. For example, Canada's 129 licensed cannabis producers are now looking to work with scientists on everything from gene mapping and metabolic engineering in order to further the potential of the industry and the uses of cannabis products."

The company, which specialises in distributing chemicals, consumables, R&D materials, equipment and ICP & ICP-MS components, supplies a range of lab equipment that can be used for research and development in legal cannabis usage.

What legal Cannabis in Canada means for Science

The Transcript for this infographic is listed below the image.

Cannabis Infographic - What legal Cannabis in Canada means for Science.
Cannabis Infographic - What legal Cannabis in Canada means for Science.

What the Infographic Reads

Delta Scientific Laboratory Products

What legal cannabis in Canada means for science.

In 2001 Canada became the first country to sanction the medical use of marijuana.

In 2011 a Canadian team published the first sequence of the cannabis genome.

Within the next 5 years the supply of cannabis production in Canada will outpace demand.

By 2025 the Canadian direct cannabis market is expected to grow by over 50%.

In 2019 the cannabis market stood at $6.5bn This will increase to $11bn by 2025

The average spend per consumer for both recreational and medical use of cannabis products currently stands at $1,263 per year. This is set to rise to $1,652 by 2025.

By 2025, it is expected 20% of the total adult population will be cannabis users.

Most of Canada's 129 licensed cannabis producers are now clamoring to work with scientists on everything from gene mapping and metabolic engineering to optimal drying techniques and growing practices.

Delta Scientific Laboratory Products

For more information on Delta, visit www.delta-sci.com

(i)Source/Reference: Delta Scientific. Disabled World makes no warranties or representations in connection therewith. Content may have been edited for style, clarity or length.

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