I listened to the KannaBoom podcast with Cy Scott, the CEO of Headset twice and never heard a mention of single state operators in unlimited licensing markets multiples being 2 or anything related to public cannabis stock valuations. Can you please point me to the time in the podcast where you heard this?
If you listen to the latest SHWZ shareholder presentation and Q&A session with Joe Gomes from Noble Financial, you will learn that the state of Colorado is unlimited licensing, but the local jurisdictions have licensing limits, and that it is very difficult to enter.