GreenWave Advisors

At the recent Benzinga Cannabis Spotlight in New Jersey, experts like Pablo Zuanic, managing partner at Zuanic & Associates, and Tyler Beuerlein from Safe Harbor Financial discussed the end of cannabis banking issues and the risks of overly ambitious regulations. The panel also...

Our inaugural “GeenWave Report” (2014) indicates, “The overall growth in the U.S. legal marijuana industry is substantial and will be fueled by the implementation of additional legalized markets across the country as momentum continues in favor of changes to existing federal laws...

By GreenWave Advisors. The state of Colorado’s marijuana tax revenues for September implies total monthly sales of $223.9M (+2% MoM; 44% YoY) with medical marijuana revenues at $46.2M (+10% MoM; 58% YoY) and recreational use ~$177.2M (+1%MoM; 47%YoY). We estimate that the average cardholder...

By GreenWave Advisors' Matt Karnes. The state of Colorado released its marijuana tax revenues for July which implies total monthly sales of $206.7M (+ 7% MoM; 20% YoY) with medical marijuana revenues at $42.4M (+4% MoM; 42% YoY) and recreational use ~$164.2M (+8% MoM; 16%YoY). We estimate that...

By GreenWave Advisors' Matt Karnes. The complexities of the U.S. cannabis industry have been exacerbated by the consequences of states operating within the confines of closed economies defined by their own interpretations of legitimacy under the shadow of existing federal laws. These variations...

By GreenWave Advisors' Matt Karnes. This week, the State of Colorado released its Medical Marijuana cardholder statistics for May and June. The average number of cardholders declined from ~86K in H1:19 to ~82K in H1:20 while the average patient $ spend/month increased to $400 from $313 with a...

Cannabis companies are hustling to stay afloat and turn a profit just like every other business, but for Dr. Chanda Macias, the ramifications of the economic downturn are much more personal. Mothers like her rely on medicinal cannabis for treating their children's ailments. As CEO of...

GreenWave Advisors' recent GreenWave Buzz entitled "Prohibition is Expensive: 'Sit or Get off the Pot'" analyzyes the impact of Section 280E and highlights other costs associated with prohibition. “Many cannabis businesses are struggling, though not all the blame resides...

California just made public its cannabis excise taxes numbers for the first quarter of 2019. Based on the reported figures, total adult use sales rose by 92 percent year-over-year, from $213 million in the first quarter of 2018 to $409.3 million for the first quarter of 2019. “Most...

Colorado released its March cannabis sales data Wednesday, and GreenWave Advisors shared some first-quarter data from the Centennial State with Benzinga.  Implied retail marijuana revenues increased by 6 percent year-over-year to $378 million. As has been evident for the past...

At the end of the first quarter of 2018, we spoke with GreenWave Advisors’ Matt Karnes, who said California cannabis sales could hit $2.5 billion in 2018, mostly in line with estimates out of BDS Analytics and Arcview Market Research. Now that a year has passed since recreational...

Recreational cannabis sales continue to disrupt medical marijuana markets, which are morphing into merged regulatory regimes — just as GreenWave Advisors founder and managing partner Matt Karnes predicted almost two years ago. The most recent sales figures from Colorado, California and...

The first recreational cannabis sales were made in  Massachusetts this week, although only two stores — New England Treatment Access, or NETA, in Northampton and Cultivate Holdings in Leicester — were allowed to service customers. “Tuesday was another...

Canadian cannabis producer Tilray commenced trading on the Nasdaq this week, becoming the first pure-play marijuana company to list on a major U.S. stock exchange. “This week's listing of Tilray on NASDAQ is another positive move for cannabis stocks and particularly for the U.S....

Medical marijuana sales continue to slide in Colorado. For the first half of 2018, revenue fell 21 percent year-over-year to $165.8 million. Recreational sales rose 14 percent to $573 million. Total combined sales rose by 4 percent to reach $739 million, versus $710 million in the first half...