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Cannabis Stocks: Valuations Fell from Last Month’s Peak

Cannabis Stocks: Valuations Fell from Last Month’s Peak

Previously in this series, we discussed cannabis stocks’ aggregate EV-to-sales multiple. The valuation multiple fell month-over-month from the peak of 13.0x to 5.1x as of November 20. The multiple fell because most cannabis companies (MJ) experienced a decline in their enterprise value due to the major sell-off that occurred in November.