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DigiPath Leverages Nevada Foothold to Expand in 2016
DigiPath Leverages Nevada Foothold to Expand in 2016.
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[{"type":"text","content":"\n\n\n\nDigiPath Leverages Nevada Foothold to Expand in 2016\n\n/* Style Definitions */\nspan.prnews_span\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\na.prnews_a\n{\ncolor:blue;\n}\nli.prnews_li\n{\nfont-size:8pt;\nfont-family:\"Arial\";\ncolor:black;\n}\np.prnews_p\n{\nfont-size:0.62em;\nfont-family:\"Arial\";\ncolor:black;\nmargin:0in;\n}\n\n\n\n\n\n\nDigiPath Leverages Nevada Foothold to Expand in 2016\nPR Newswire\nLAS VEGAS, Oct. 21, 2015\n\n\n\nLAS VEGAS, Oct. 21, 2015 /PRNewswire/ -- GreenWave Advisors Founder Matthew Karnes once called cannabis testing \"the most attractive subsector of the industry\" adding that it could generate close to a billion dollars in revenue by 2020. With a growing number of states legalizing recreational and/or medical marijuana, there's a growing need for a cohesive cannabis testing framework to avoid many of the problems created by inadequate initial laws passed in states like California and Colorado.\n\n\nDigiPath Inc. (OTCQB: DIGP) recently opened a state-of-the-art cannabis-testing laboratory in Nevada – a state with some of the toughest testing regulations in the country. By leveraging its experience in the best possible initial market – given its strict testing standards and enormous potential to become a cannabis tourism destination, the company aims to replicate its success across the United States in order to unify testing standards.\n\nRecently, CannabisFN's Mike Elliott sat down with DigiPath Inc. CEO Todd Denkin to discuss some of the company's latest moves and upcoming catalysts. Video: http://www.cannabisfn.com/mdc/digipath-inc/\n\nEarly Success in Nevada\n\nDigiPath took its time to build out its flagship cannabis-testing laboratory in Southern Nevada, ensuring that they purchased the best equipment and hired the best scientists, knowing that the business would become a model for future labs throughout the United States.\n\nWhile there are still some early delays, there are a handful of cultivators currently licensed in Nevada and the laboratory has recently begun generating some revenue as just one of a handful of laboratories operating in the state. The company's client base continues to grow as the state approves medical marijuana license applications, while experts believe the market could eventually reach $100 million in size. In part, the growt...