MO - MJ: Most Pot Stocks May Never Generate Consistent Profits

• Investors' hopes for a larger pot stock bull market have faded in recent months as many have seen share prices tumble.
• While the marijuana market will likely grow with widespread legalization, it remains unclear how larger firms will impact the market.
• Most cannabis firms in the ETFMG Alternative Harvest ETF trade at extremely high price-to-sales ratios of 10X or higher.
• The fact is that the largest North American marijuana companies garner a minimal share of the legal market.
• Evidence suggests the cannabis industry has minimal economies of scale, which may mean consistent profitability may never come.

For further details see: