Colorado Cannabis Sales Remain Resilient in September as the Shift from “Consumer” to “Patient “Continues

by Matthew Karnes | Oct 28, 2020 | GreenWave Buzz

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...

Buying Low and Selling High in Colorado: August Cannabis Purchasing Trends Continue to Suggest Shift from “Consumer” to “Patient”

by Matthew Karnes | Sep 13, 2020 | GreenWave Buzz

  The state of Colorado released its marijuana tax revenues for August which implies total monthly sales of $228.9 (+11% MoM; 33% YoY) with medical marijuana revenues at $43.6M (+3% MoM; 41% YoY) and recreational use ~$185.3M (+13%MoM; 31%YoY). We estimate that...

THE STATE OF COLORADO: CANNABIS PURCHASING TRENDS SUGGEST A SWITCH FROM “CONSUMER” TO “PATIENT” AS DISPOSABLE INCOME LEVELS LESSEN DURING COVID-19 PANDEMIC

by Matthew Karnes | Aug 15, 2020 | GreenWave Buzz, Movie

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 the...

The State of Colorado: Medical Marijuana Cardholders Spend More Per Month During COVID-19 Pandemic

by Matthew Karnes | Aug 5, 2020 | GreenWave Buzz

August 5, 2020 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...

Clearing the Smoke: Is it Practical For a New State to Legalize Cannabis?

by Matthew Karnes | Jul 29, 2020 | GreenWave Buzz

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 of...

PROHIBITION IS EXPENSIVE: SIT OR GET OFF THE “POT”

by Matthew Karnes | Jan 27, 2020 | GreenWave Buzz

PROHIBITION IS EXPENSIVE: SIT OR GET OFF THE “POT” Many cannabis businesses are struggling, though not all the blame resides in faulty management decisions. In this edition of “The GreenWave Buzz,” we highlight the added costs of federal prohibition and...