Dot com-like bubble? I think not... I read the 'delusional' paper, and if you didn't have a clue about anything re: the MJ sector, you could easily be put off a tad.
Does the MJ sector feel like the dot com craze? Hell yeah. A new sector going nuts, everyone trying to jump on the bullet train, yada yada yada. The one significant difference is the dot coms had valuations in the billions but didn't actually produce anything, sell anything, make money in any way, and most didn't have plans to. Not terribly sustainable...
Weed companies, on the other hand, are in the throes of building out immense growing beds to grow a product that has a known demand that FAR outreaches the current supply and will do so for, I believe, years. The medicinal benefits of MJ have not been tapped into in even the slightest. Before we all pass, we will know the 'miracle drug' marijuana. Even if that doesn't come to pass, you have the opportunity to buy into ground floor of a sector that will make big tobacco drool, and eventually, make the switch. Big Pharma will eventually want in. Money will flow like water :P
About 25% of the population are baby boomers in the entire world. They are all rich and senior citizens or nearly, and they all will pay whatever to go comfortably into that great night. And weed is being legalized.
The government squeezing all the profits out of the process. How will the weed companies survive? Again, this doesn't hold water to me. Back when the alcohol system was 'started', times they were very different. You couldn't buy a dozen beer online. If the ridiculously small number of vendors allow the government to squash profits given the shortage of supply and the ease at whihc other sales methods can be achieved, then they probably deserve to go belly up. 'Nuff said...
What is best of all is that you can still buy into all that with a company like Supreme, that, no matter how deep you dig, doesn't seem to have any major issues and is doing everything meticulously and carefully, for less than $3.00 a share. A company that doesn't rely on retail, that makes a product already recognized as top shelf that retailers literally cannot keep in stock. You may not get rich quick on FIRE, but it will be one of your 'best stock stories' eventually, if you have patience and you didn't buy it 'just because it was a cheap weed stock' and your SH handle is not Tomharley or Westwolf. :)
Obviously, mostly my opinion. Do your own DD and GLTA
CB