Casa Verde adds Southern California cannabis testing lab to their already impressive portfolio.
California is preparing to launch the legal recreational cannabis market on the first of January next year in what many believe will be the most lucrative in the United States. Recreational cannabis regulations have yet to be released in the state but a team of advisors has been appointed to help with the process. In the meantime, new laboratories are stepping into the ring prepared for any impending actionable levels. Casa Verde, a venture capital firm that focuses on early-stage ancillary investments, has invested in California-based technology focused cannabis testing lab Cannalysis.
Cannalysis is proud to have a marquee investor as it will help them to achieve their growth objectives. The venture capital firm is made up of managing partners Karan Wadhera and Evan Eneman alongside partners Ted Chung and Calvin Broadus (aka Snoop Dogg). Their portfolio includes publishing, packaging, and even a B2B marketplace to name just a few. The addition of Cannalysis marks the first step for Casa Verde into the testing industry.
Currently, the lab can test for eleven cannabinoids, twenty-one cannabinoids, twenty-three residual solvents, and an extensive panel of chemical residues. Their potency tests are done with HPLC-DAD.Terpenes and residual solvents are tested using validated HS-GC-FID methods. This information can be displayed on a customized packaging label complete with a QR code. The cannabis testing lab will also take great photos of the products for the WeedMaps interface.
Those who test with this lab will be able to offer retail access to an Cannalysis in-house built online portal that integrates with WeedMaps, a very popular online dispensary locator and menu site. These integrated retail features may attract vendors to the relatively new testing lab over those that have become staples in the state’s well-established industry.