The Simple Reason Why Marijuana Stock Valuations Aren't as Sky-High as They Seem

Are marijuana stocks ridiculously overpriced? Of the top three marijuana stocks in terms of market cap, only Aurora Cannabis (NASDAQOTH:ACBFF) reported positive earnings over the last 12 months. The stock's price-to-earnings (P/E) ratio currently stands at a whopping 488. We can't use P/E ratios to ...