The key to understanding why the WEED BUBBLE was a BUBBLE?
You can't have 100's of companies valued in the Multi Billions each in a new sector.
The industry is not that big.
Maybe bigger than the alcohol industry but not Multi Trillions. Add it up. haha
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There are new markets and they are bigger and need to be valued more than traditional metrics but not extremely out of the bounds.
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I suspect large tobacco companies will move into the weed industry. I’ll stick with MO and get that divi if nothing else.
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IVe said it for years now.. you make it legal and competition will lower the prices so much that nobody will be able to make any money on it (due to taxation) so the black market will remain the GO TO place for that product.