Weed stocks are trading at astronomical valuations despite not being able to operate in the US (ACB, WEED, CRON, TLRY)
|05/24/2019||Posted by BusinessMediaguide.Com under General World News||
- Weed stocks are astronomically valued compared to the tech, alcohol, and tobacco sectors.
- Markets Insider ranked several companies by a standard valuation metric which corrects for varying debt levels.
- The market does not appear concerned that the companies cannot operate in the US until federal legislation is passed to legalize marijuana consumption.
- Visit MarketsInsider.com for more stories.
The stock market has high hopes for the marijuana sector, awarding several companies extremely rich valuations.
These valuations, of more than 100 times sales, which are rarely seen outside of highly risky biotech companies, indicate the largest marijuana companies will not be able to operate in the read more >>>