CANADA CANNABIS EXTRACTION & ANALYTICAL TESTING MARKET FORECAST 2023-2028

The nation has also established a comprehensive regulatory framework for the cannabis industry, prioritizing product safety, quality, and consumer safeguarding. The Cannabis Act, accompanied by its associated regulations, governs all aspects of cannabis and its derivatives, including cultivation, sale, processing, and consumption. Furthermore, stringent quality control measures are also imperative in the Canadian market; licensed producers are mandated to adhere to rigorous product quality and safety standards, encompassing thorough testing for contaminants and potency. 

With consumer protection regarded as a paramount objective, Canada is also observing a growing emphasis on sustainable and environmentally responsible practices within the cannabis industry. In this regard, companies are actively exploring strategies to reduce the environmental impact of extraction processes, entailing energy-efficient production and responsible waste management. Subsequently, these factors are expected to boost the cannabis extraction & analytic testing market growth in Canada during the projected period. 

The Canada cannabis extraction & analytic testing market is segmented into equipment type, service, and extraction method. The extraction method segment includes CO2-based extraction, ethanol-based extraction, hydrocarbon-based extraction, vegetable oil-based extraction, solventless extraction, and other extraction methods. 

Ethanol extraction stands out as a highly used method due to its versatility as a solvent for cannabinoids as well as terpenes. Most regulatory bodies acknowledge the safety of this solvent, derived from the fermentation of various grains and are deemed fit for human consumption. Moreover, its popularity is attributed to its scalability and simplicity, whether employed with cold or boiling techniques and in setting up facilities.

In addition, one of the primary advantages of this extraction method lies in its sustainability. Ethanol extraction requires less energy compared to other methods and can be utilized for multiple extraction cycles, rendering it both cost-effective and environmentally friendly. Ethanol extraction’s applications include producing oils, tinctures, cannabinoids, topicals, and distillates, in addition to any extracts aiming for high potency. While ethanol is flammable, the associated risks are relatively lower compared to other solvents. Eminent companies such as Precision Extraction Solutions, Eden Labs, Cedar Stone, and Delta Separations specialize in manufacturing ethanol extraction machinery.

Some of the major companies operating in the Canada cannabis extraction & analytical testing market are Concentrate Supply Co, Craft Cannabis Co, Evolab, etc.

Colorado Cannabis Company, headquartered in the United States, provides CO2 extraction, skin care manufacturing, concentrates, and edibles. The company also produces pure uncut CO2 cannabis oil, in addition to offering private label manufacturing.

The company’s THC and CBD Capsules, also known as Wonderlands, have no pharmaceutical side effects. Besides, they are fully activated and effective and contain no preservatives, fats, sugars, or calories.