RE:RE:RE:WTF HappendThe article references the high multiples based on 2017 sales. No kidding, the rec market isn't legal yet, so clearly sales in 2017 would be low and the pricing of the stocks would have to build in projections for future sales.
Amazon's P/E is over 300X and no one seems to care. Why? Future growth is anticipated and people are willing to pay now based on future expectations.
Are some weed stocks overvalued? Yes, definitely. But I think the article is a bit short sighted and clearly presents a biased opinion on things.
If the share price is still at this level in July, then I will be concerned. Until then, I will remain long on FIRE.