Pot Stocks Still High In The Sky

There's a fortune to be made once a huge black market with inevitably high margins is no longer "VERBOTEN" but just like the product, it seems it's in selling the stock, not buying it. Sure Cannabis growers like $TLRY $CRON $ACB $CGC dropped -70% past year but one has to still smoke a big pipe of fine marijuana to pay $3 billion for a company while annual revenues (not profits!), thou indeed have tenfolded past 3 years, are still only $300M, 10 times less ...

Even if revenues continue to triple yearly, still has to go down considerably before you can call this a good investment able to buy with a margin of safety, especially taking into account the huge gross margins of today will very quickly shrink for a commodity where the consumer does not care which brand it is and where supply can easily go up faster as demand.

At such valuations they don't need my money to fund operations and can easily raise a billion with little dilution to grow all the weed the market needs.

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