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> What's the highest valuation of any of those companies? Green Thumb Industries. [1] Current market cap $1.6 billion. [2] Look, you're right: the federal pro
by paulddraper 3y ago
> What's the highest valuation of any of those companies?
Green Thumb Industries. [1] Current market cap $1.6 billion. [2]
Look, you're right: the federal prohibition definitely has consequences. But also, there are 8 and 9-figure companies operating in this space.
[1] https://www.gtigrows.com/ https://www.gtigrows.com/
[2] https://finance.yahoo.com/quote/GTBIF https://finance.yahoo.com/quote/GTBIF
- godelski 3y agoHonestly that figure makes the argument of legalization more compelling. Taxes Fwiw, my argument is that compared to Visa or Mastercard, you weren't going to find a company that has anywhere near the valuation. You're still well under 1% of either of them, and pointing to a company that's been around just under a decade. I'm not saying they aren't big, just that the risk to Visa and Mastercard is very high and it would be idiotic to risk all that just to accept payments for weed.
- paulddraper 3y agoSure, not many companies compare to Visa/Mastercard valuation. Kinda meaningless comparison. E.g. the largest tomato producer in the U.S. is Lipman and they have ~$350 million [1] revenue, with probably a 1x multiple. [1] https://www.zoominfo.com/c/lipman-family-farms/346563103 https://www.zoominfo.com/c/lipman-family-farms/346563103