Valuation is not an easy thing. Speculation is everything.
Look at Tesla. Cant remember off the top of my head but they are not making profit and are valued at what 20 billion?
I think we do not have a valuation or a comparison for this market. People in the stock market always like to think they can predict the market, but all it is is a guess. Oil crash? Housing crash?
Dot com bubble not all crashed, amazon, google, ebay etc all came from there. Weed stocks will have winners and losers.
The reason why these stocks are not higher is because bankers have not been unleashed onto them yet. When they are legal I think values will skyrocket due to actual bank investment than correct/tumble and 2-5 players will be left.
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