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While consolidation may be key to the cannabis market in 2019, this IPO is worthy of a deeper dive.
The start to 2019 looks to be much more promising for the cannabis industry than last year.
Gov. Andrew Cuomo's push to legalize adult use of marijuana would be welcome by these companies.
Several cannabis companies are planning to go public this fall.
Matt Karnes, the founder of cannabis industry analytics firm GreenWave Advisors, said that based on his estimates of public sales and dispensary data, MedMen is outpacing the statewide average between $200,000 and $250,000 quarterly revenue per store.
Expect several more firms to list on stock exchanges this year.
MPX is expanding its footprint in several U.S. states.
Medical marijuana may be facing regulatory hurdles across the U.S., but the beauty brands see a future in cannabis too big to ignore.
With tens of millions of dollars in funding, Chicago-based Green Thumb Industries has joined the ranks as one of the larger of publicly traded companies in the budding cannabis space.