Christopher Hudalla, founder and chief scientific officer, said the Fortune Boulevard lab has tested recreational, or adult-use, marijuana since the beginning of the year.
Hudalla has also submitted an application for a state license to continue to do so once the recreational marijuana industry takes shape later this year, he said.
But so far, there has not been a substantial amount of new business for ProVerde, which previously tested marijuana solely for medical purposes.
“There’s over 100 dispensaries that are in the queue,” Hudalla said Wednesday – a day after 73.1 percent of Milford voters opted to allow his business and Sira Naturals, which grows medical marijuana, to enter the recreational market while banning any others from coming to town.
“My guess is that the revenue increase will be very subtle and gentle until a year from now,” he added.
Tuesday’s vote capped a period of uncertainty after residents backed a complete ban on recreational marijuana shops last September.
The measure would have restricted both ProVerde and Sira Naturals from working with recreational marijuana and therefore would have crippled their ability to remain competitive and could have forced them to leave Milford, their owners have said.
In October, Town Meeting members backed a compromised bylaw to allow them to expand beyond medical marijuana, although that proposal was not solidified until voters approved it this week