This is a great article (the comments criticize as expected but are still worth reading). For me, i have not even tried to value weed stocks w/ any due diligence / discipline. It’s always been a speculative trading vehicle and focused on the 3 bigs: CGC, APHQF, & ACBFF. Speculative positions that by pure luck made enough profit to sit on very small positions in all w/ earned capital. If they make it big, great. If they crash, oh well … it was fun.
While the exercise of valuing those companies is something people are going to do and it will help us who will not … i think 2019 is the earliest we get anything to make investment decisions on … the big money (tobacco and alcohol have yet to really show their hands)