Advisory Firm Analyzes Colorado Market Dynamics
The inception of the recreational marijuana market has caused medical sales to decrease significantly in the state of Colorado, according to a new report published by GreenWave Advisors.
GreenWave Advisors, a startup research advisory firm based in New York City, has published a report aggregating and analyzing market data provided by the Colorado Department of Revenue and the Colorado Marijuana Enforcement Division.
Matt Karnes, the author of the report, spoke at the Marijuana Investor Summit on Monday, April 20, 2015, inspiring a lively audience debate about whether reclassifying cannabis as a Schedule II drug would negatively impact the recreational market.
Karnes said no, claiming that reclassifying the drug would only ease banking regulations and reduce investor risk in the industry. But an audience member quickly pointed out that changing the classification may loosen the restrictions around accessing a medical card, making the medical market—which would no longer be...
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