Report: Colorado pot sales top $1B in 2015

maryjane
Schuyler Trowbridge keeps track of inventory at Green Tree Medicinals, 12626 N. 107th St. in Longmont last year. (Lewis Geyer / Staff Photographer) Marijuana sales in Colorado topped $1 billion in 2015, according to a new report from cannabis investment firm the ArcView Group. Estimates put the figure at $1.005 billion, up nearly... more →
Posted in: News, Press

Cannabis Industry Revolutionized By Privateer Holdings

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Under federal law, marijuana is still classified as a Schedule I Controlled Substance, along with heroin, pursuant to the Controlled Substances Act (CSA) (21 U.S.C. 811). Nevertheless, the 2016 omnibus spending bill, approved by Congress on Dec. 16, 2015, forbids federal drug agents from raiding retail medical marijuana operations. Legalization... more →
Posted in: News

Biotech’s Predictions For 2016 For The Cannabis Industry

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5: Investors will embrace Portola Pharmaceuticals Last year, I focused on the upside potential for Alkermes, Inc . , a company developing therapies for central nervous system disorders that I felt was undervalued based on its pipeline potential. This year, I think it’s Portola Pharmaceuticals that investors are under-estimating. Admittedly,... more →
Posted in: Investing

A Study On Marijuana & What The Results Are

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Nonetheless, it does place yet another obstacle in marijuana’s possible path to nationwide legalization. Owning marijuana stocks could make you even grumpier If marijuana is eventually legalized at the federal level, its market potential could be huge. ArcView Group placed a market value of $2.7 billion on the marijuana industry... more →
Posted in: Investing

It’s Not Wise To Invest In Marijuana-Related Penny Stocks

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The eight stocks I was recommending this time last year and still hold included Facebook FB, +0.30% Google GOOG, -0.10% Apple AAPL, -0.35% The best performer over the last year or so has been Ambarella AMBA, +0.69% which is up nearly 150%, and my worst performer was Lindsay LNN, -0.43% which was down 3%. I did sell a few positions... more →
Posted in: Stocks
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