Perhaps the best word to describe the overall status of cannabis stocks in recent months is "malaise." Many cannabis stocks have taken it on the chin. But there is a silver lining: They're less expensive than they've been in quite a while.
Earnings-based valuation metrics can't be used for most pot stocks for the simple reason that most cannabis companies aren't profitable yet. But we can look at price-to-sales (P/S) ratios to determine which cannabis stocks appear to have the most attractive valuations.
What are the cheapest pot stocks on the market right now? Here are the top five based on trailing P/S ratios.