GreenWave Advisors, LLC to Release Industry Report on Marijuana Lab Testing

GreenWave Advisors, LLC projects marijuana lab testing revenues could reach $850 million by 2020.

NEW YORK, June 16, 2015 /PRNewswire/ — GreenWave Advisors, LLC an independent investment research and advisory firm serving the burgeoning cannabis industry, will publish a report this week that provides a comprehensive and detailed analysis of the marijuana lab testing sector. The report, “Marijuana Lab Testing: An in depth analysis of investing in one of the industry’s most attractive plays” discusses current state requirements, the path toward standardization, a state by state revenue forecast, and identifies some of the leading indicators for investment considerations in this emerging sub sector.

“With an eye forward to eventual federal rescheduling or de-listing it is reasonable to assume that uniform national testing and operational standardization protocols will eventually be implemented to assure consumers of an expectant consistency of product. Lab testing services, therefore, appears to us as a prime target for investment capital aimed at securing a durable enterprise presence in the evolving cannabis industry,” said Matt Karnes, Founder and Managing Partner of GreenWave Advisors, LLC. Mr. Karnes added, “The cannabis industry is gaining momentum with enormous potential. Building upon the findings of our prior research reports, we are able to provide investors with a clear understanding of the compelling opportunities that are unfolding in the requisite lab testing sector”. The report will be available for download June 18th on the company’s website:

Mr. Karnes will be speaking at the Cannabis World Congress and Business Exposition held at the Jacob Javits Center in New York City on Thursday, June 18th on the topic of fundamental industry analysis which includes the company’s authoritative methodology for collecting and analyzing data in sizing the U.S. Retail Marijuana Market. The findings of this report will also be discussed. Information about this conference can be found at

About GreenWave Advisors:

GreenWave Advisors, LLC is based in New York City and is an independent investment research and advisory firm which serves the emerging cannabis industry.

SOURCE GreenWave Advisors, LLC

CONTACT: Matt Karnes, 646-397-5311,


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