In a recent interview on Fox Business, Evolution Corporate Advisors founder and Chief Investment Officer Gregg Smith discussed the federal government taking on menthol cigarettes, e-cigarettes and the push toward the legalization of marijuana on a national level. Additionally, Gregg Smith shared his opinions on publicly-listed cannabis investments, and why he believes they’re overvalued.
When asked about the enforcement of marijuana laws versus cigarette laws, Smith says that “it almost feels like there’s better enforcement [in the recreational cannabis industry] than what’s happening in the cigarette market.”
When asked about cannabis companies’ recent earnings announcements, Smith says they were a “mixed bag.” He continued, noting that “many of these [stocks] are fully priced.”
Subscribe to Cannabis Stock Updates here so you never miss an important update.
Get Real-Time Updates from MJobserver.com