RE:RE:The chances of Biden legalizing MJ at the Federal Level Straight from the horse's mouth:
https://www.www.bnnbloomberg.ca/jefferies-initiates-coverage-on-u-s-pot-opertors-with-bullish-view-on-u-s-market-1.1626287.amp.html - valuations for U.S. cannabis operators remain in stark contrast to their Canadian peers despite how many pot companies in Canada don't have any direct exposure to the U.S. market as marijuana remains federally illegal. For example, the enterprise value for Canadian cannabis companies is 109 times earnings with interest, taxes, depreciation, and amortization, while U.S. pot companies is calculated to be 19.5 times EBITDA, according to Jefferies.
- valuations for U.S. cannabis operators remain in stark contrast to their Canadian peers despite how many pot companies in Canada don't have any direct exposure to the U.S. market as marijuana remains federally illegal. For example, the enterprise value for Canadian cannabis companies is 109 times earnings with interest, taxes, depreciation, and amortization, while U.S. pot companies is calculated to be 19.5 times EBITDA, according to Jefferies.
good news for current baggies, you'll have bigger muscles in 5 yrs lol