GreenWave Advisors

This was a very active week in the cannabis capital markets, with Cronos Group reporting earnings, Canopy Growth applying to trade on the NYSE, Aurora Cannabis acquiring MedReleaf in the largest cannabis deal in history and GTI announcing intentions to go public in Canada. The news drove the United...

The legal cannabis industry is growing at an unprecedented pace. While estimates vary, U.S. sales in 2017 stood somewhere between $8.2 billion and $8.8 billion according to BDS Analytics. This figure is expected to surge to roughly $35 billion by 2022, GreenWave Advisors managing partner Matt...

Shares of GW Pharmaceuticals PLC- ADR (NASDAQ: GWPH) were halted Thursday, ahead of a Food and Drug Administration vote on the company's cannabis-derived drug Epidiolex. Trading resumed after the FDA advisory panel voted unanimously in favor of approving the medicine for the treatment of two...

Two words summarize last week’s most relevant event for the cannabis industry: John Boehner. The former House speaker announced his views on cannabis had evolved and, in support of legalization, he was joining the board of directors of New York-based marijuana company Acreage Holdings. To...

The Great Lakes State has the second-largest medical marijuana patient base in the country, trailing only gigantic California. A shift in Michigan's medical marijuana market is no small event. Major legal weed markets have opened up on the West Coast — California, Washington, Oregon,...

As cannabis continues to go mainstream, and an ever-increasing number of companies make it to major stock exchanges, market participants feel a growing need for sophisticated financial instruments to track the industry’s overall performance. Among these instruments are indices and ETFs. U.S....

The state of Colorado has released its 2017 legal cannabis tax data, reporting collections of $247.36 million, up from $193.6 million in 2016. Based on these figures, financial analysis and research firm GreenWave Advisors estimated sales hit $1.494 billion, exceeding its $1.458-billion...

In a recent article, Benzinga discussed sales projections and other cannabis market predictions with GreenWave Advisors’ Matt Karnes, who said he envisions fully legal cannabis markets in several other states (including Connecticut, Vermont, Arizona, Michigan, Ohio & Rhode Island) by 2018...

GreenWave Advisors is a New York City-based firm that provides financial analysis and research for the legal cannabis industry, founded in 2014 by Matthew A. Karnes, a former sell side and buy side equity analyst. At the moment, GreenWave focuses on industry fundamentals and the different...

2016 was one of the best years for legal marijuana in recent history. Marijuana legalization initiatives won very decisively in eight out of nine states on Election Day, as a record number of adults in the U.S. supported the legal use of marijuana. In addition, the industry hit several milestones,...

2016 was one of the best years for legal marijuana in recent history. Marijuana legalization initiatives won very decisively in eight out of nine states on Election Day, as a record number of adults in the U.S. supported the legal use of marijuana. In addition, the industry hit several milestones,...

2016 was one of the best years for legal marijuana in recent history. Marijuana legalization initiatives won very decisively in eight out of nine states on Election Day, as a record number of adults in the United States supported the legal use of marijuana. In addition, the industry hit several...