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Digipath Receives Recreational Testing License and Renews Medical License as Retail Cannabis Market Launches in Nevada
Digipath Receives Recreational Testing License and Renews Medical License as Retail Cannabis Market Launches in Nevada.
About this update from Hypha Labs, Inc.
[{"type":"text","content":"\n\n\n\nDigipath Receives Recreational Testing License and Renews Medical License as Retail Cannabis Market Launches in Nevada\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 Receives Recreational Testing License and Renews Medical License as Retail Cannabis Market Launches in Nevada\nPR Newswire\nLAS VEGAS, July 10, 2017\n\n\n\nLAS VEGAS, July 10, 2017 /PRNewswire/ -- Digipath, Inc. (OTCQB: DIGP), an independent testing laboratory and media firm focused on the burgeoning cannabis market, is pleased to announce that it has both received its recreational testing license and renewed its existing medical testing license alongside the launch of the highly anticipated retail cannabis market in Nevada which began on July 1, 2017.\n\n\n \n \n\n \nNevada's medical cannabis market currently serves just over 28,000 patients that use the plant and its derivative products for the treatment of a variety of maladies. However, with the launch of the retail marijuana market, anyone over the age of 21 with valid identification can purchase cannabis products. This opens the market to a much larger portion of Nevada's 2 million residents over the age of 21, as well as a significant segment of the more than 42 million tourists and convention goers that visit the state annually. \n\nThe Nevada Dispensary Association estimated that statewide adult-use sales were between $3 to $5 million in the first weekend. As sales continue to rise, suppliers of cannabis products will be moving rapidly to meet the increased demand, necessitating a much larger demand for the laboratory testing of these products. Similar market shifts occurred with the launch of adult-use cannabis markets in Colorado, Oregon, and Washington State, and Nevada is expected to be one of the largest adult-use markets in the United States by the end of 2018.\n\nTodd Denkin, President of Digipath, commented, \"It's really exciting to be a part of history as Nevadans get what they voted for in 2016. The entire medical marijuana community has been working overtime to satisfy this new retail customer base. ...