because this is a new industry. No business valuation benchmarks exist.
What lol? Selling weed in California is not a new business, and it's easy to say what it's worth, even when it's still growing. Literally a week later they sold it all, so it must have been trimmed, dried and cured within a few days of the end of the quarter. Pretty easy to figure out what 117 pounds of weed is worth at that point. In this case it was $140,400.
News 
Market Data 
Discover 
