Once an oil and gas company that shifted to energy and environmental testing two years ago, Oklahoma City-based Enerlabs Inc. now sees its future in the rapidly growing marijuana industry.
The company has plans to open facilities to test marijuana strains for mold, mildew, pesticides and potency in states that have legalized medical marijuana, as well as in Colorado, where marijuana sales for recreational use became legal this year.
On Tuesday, Enerlabs announced that it plans to open the first such laboratory in Colorado in what would be a new direction for the company.
“We’ve taken several trips to Colorado first trying to put together a team and we’ve been talking to a couple of lab groups, and are very encouraged,” Scott Shaw, Enerlabs vice president said.
The small publicly traded company has its corporate offices at 800 NE 63. Enerlabs, formerly known as the oil and gas company Energas Resources Inc., shifted its focus in 2012 to environmental and energy-related testing. The company’s stock trades on the over-the-counter market.
Colorado began phasing in mandatory state testing of marijuana edible products on May 1 and final regulations for the state that require all products be tested and labeled for THC content and contaminants will take effect in October.
“It’s a brand new developing industry (and) there are only a handful of labs that are starting there,” Shaw said.
As of May 1, only seven laboratories had been licensed by the state of Colorado to provide the kind of testing the state is requiring for retail marijuana products, said Natriece Bryant, a spokeswoman for the Colorado Department of Revenue.
Applicants seeking to operate a marijuana-related facility, including a testing laboratory, must be a Colorado resident for at least two years prior to submission of their application, Bryant said.
However, Shaw said Enerlabs has been told it can legally operate in Colorado.
“We are being advised by our securities attorney in Denver that there will be a legal way to do business in Colorado,” he said.
We’ve taken several trips to Colorado first trying to put together a team, and we’ve been talking to a couple of lab groups and are very encouraged.”
Enerlabs vice president