The legal cannabis industry in North America is projected to grow from $9.2 billion today to $47.3 billion over the next decade. Worldwide, spending on legal cannabis is forecast to hit $57 billion by 2027. As much as 67% of the cannabis spending is projected to come from recreational use while medical marijuana will take up the remaining 33%.
These forecasts were reported in Forbes Magazine and provided by Arcview Market Research and BDS Analytics as part of their 2017 report on the growing cannabis industry.
The report says that medical-only cannabis regulations enacted by certain U.S. states and Canada prompted other countries to enact similar regulations. When California and Canada legalized adult recreational use, that triggered a second wave of laws internationally to increase access to cannabis.
As the legal cannabis industry grows and becomes more mainstream, it is increasingly using sophisticated laboratory testing equipment to maximize the quality, consistency and production levels of legal cannabis products. This includes Laboratory Automation Equipment, Gas Chromatography Equipment, Mass Spectrometry Equipment, and Autosamplers, among others.
These devices rely on lead screws to function and in many cases require precision medical grade drive screw assemblies with zero defects and no margin for error.
As a pioneer in the custom thread rolling industry since 1956, Noll supplies lead screws and drive assemblies to many of the leading manufacturers of automated devices for the medical and biological science manufacturing industries.
Part of the Noll’s success over the years has come from its ability to forecast industries that are poised for rapid growth and rely on lead screws for their equipment. Legal cannabis is a perfect example of such an industry.
Noll was recently featured in an article by Terpenes and Testing Magazine regarding the company’s behind the scenes role in equipment used in the legal cannabis industry. Click here to read the article.
A lead screw (or leadscrew), sometimes called a power screw or translation screw, is used to translate turning motion into linear motion. Lead screws can be manufactured by rolling, cutting, or grinding the threads.
The screw threads of a lead screw require a large area of sliding contact between the male and female members, which causes more frictional energy loss compared to other linkages.
Lead screws were first developed to deliver a large amount of force in devices such as olive presses and grape presses. They are still used that way in some applications when combined with a metallic nut. For example, today you will often find lead screws used in vises, presses, and jacks.
However, in this modern era, lead screws also serve an important function in instrument grade applications where smooth, precise, clean, and maintenance free operation is required for intermittent use in low power actuator and positioner devices. In these devices, the nut material is typically made of an internally lubricated polymer.
For example, lead screws are often found in rapid prototyping, engraving, and data storage equipment.
They are also widely used in the Biomedical industry. You will find lead screws in clinical and hospital equipment both for human and veterinarian medicine. They are used in the syringe and Infusion pumps for blood and drugs needing precise fluid measurement and intravenous fluid delivery.
Another common application for lead screws is in lab testing equipment such as sampling, scanning, and fluid handling devices:
While Noll Inc. has produced custom lead screws for a large variety of applications and equipment over the years, the rise of the BioTech industry worldwide has created the greatest challenges and opportunities for our company.
BioTech requires custom lead screws with zero defects and absolutely no margin for error. It was very clear to us that these demands were not going to be met by piecing together parts from a catalog company. That’s why Noll provides many of the leading Bio Tech equipment manufacturing companies with custom lead screws for a wide variety of applications.
