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Colorado: Marijuana Trends Analysis Includes Comparisons With Washington State

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Shatter is the most popular style of concentrate in Colorado, candy is the first edible choice for most cannabis consumers in the state, and sativa is more popular in Colorado than in Washington state.

This represents a small look at the sweeping range of insights released on Thursday through BDS Analytics’ GreenEdge™ database, which the company says is "the cannabis industry’s most reliable source of data analytics."

Among other things, the in-depth analysis of the Colorado cannabis market, with comparisons to trends in Washington state, finds:

• The top 10 flower strains in Colorado account for roughly 20 percent of total flower sales
• Durban Poison, a pure sativa, was the No. 1 strain in Colorado in Q4 2015
• Colorado’s leading edibles brands include Wana, Cheeba Chews, Incredibles and Dixie Elixirs
• Colorado’s total cannabis sales for 12-month period through Sept. 2015 were 3.8 times larger than Washington’s
• Data analysis reveals zero correlation between top strains in Washington and Colorado, other than popularity of Blue Dream, a sativa-dominant hybrid.

“We have now normalized and categorized millions of transactions in Colorado and Washington State in our GreenEdge™ database, which is the backbone of this detailed report,” said Roy Bingham, BDS Analytics founder and CEO. “Sales growth in both states remains impressive — compared to growth in other industries, it is jaw-dropping.

U.S.: New Marijuana Market Research Report Predicts $21 Billion Legal Cannabis Market By 2020

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GreenWave Advisors, LLC, a newly established independent research and advisory firm serving the burgeoning marijuana industry, on Tuesday released its inaugural research report, “The GreenWave Report: State of the Emerging Marijuana Industry – Current Trends and Projections.” The firm estimates that retail marijuana industry sales could reach $21 billion by 2020 and separately, suggests that if marijuana is legally sold in all states and D.C. by 2020, the consolidated market for retail medical and adult use sales could total $35 billion in the first full year of a federally legalized market.

The firm is the first to provide a state by state bottom up fundamental analysis of the U.S. medical and adult use marijuana retail markets. The analysis also provides a first glimpse of the similarities in reported results in the legalized markets thus far.

“We are pleased to offer investors the first independent, comprehensive, detailed and transparent look at the market potential of the retail marijuana industry,” said Matt Karnes, founder and managing partner at GreenWave Advisors, LLC.

In the upcoming election, Florida residents will vote on a measure to legalize medical marijuana and the citizens of Alaska, Oregon and the District of Columbia will decide on full legalization. “We want investors to be ready for the imminent changes that will profoundly impact investment strategies in the marijuana industry”, Karnes said.

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