Savvy Trades and Investments

[dickmilde]

The marijuana industry is similar to the way cigarettes and alcohol were way back when. It's just a matter of time and pot will be legal and generally available. Investors/speculators are betting on the future and are not buying these stocks for the current valuation. Anyone that purchased AMZN or TSLA years ago was betting on the future... Neither one had any earnings. Amazon just recently started making money and the jury is still out on TSLA.

CGC is a pot company that has grown revenue from $2 million to $78 million in just 3 years. With the sales growth likely to continue as marijuana becomes more mainstream the stock is likely to go higher. OGRMF is much smaller but a similar growth situation. Investors are betting on the long term outcome of the pot industry. I only follow these two but there are many others

You are correct that it's near impossible to use typical valuation measures for these companies. Anyone buying these companies is taking a long term perspective. It's not a PE game... It's a growth game and trying to figure out who will prevail. It you bet big and are correct you can make millions.