The growth of the cannabis market is the biggest expansion in the carbon dioxide (CO2) business in recent years and still the biggest area of opportunity going forward, according to Josh Pringle, Vice-President of Business Development and Operations for CO2 Meter.
Pringle was speaking exclusively on gasworld TV, during December’s Lands of Opportunity webinar – sponsored by DOD Technologies – focused on the current and future gases market in the US.
Pringle believes the market for CO2 and other gases in the US is ‘still enormous’. He added that although consolidation exists at the major player level, massive opportunities exist at the independent distributor level across all gases and equipment.
Florida-based CO2 Meter designs and manufactures gas detection, monitoring, and analytical devices and Pringle explained how 10 years ago CO2 Meter made around 50 or 60 different devices, but today that number has rocketed to more than 350.
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