Viridian Capital Advisors, a strategic and financial advisory firm dedicated to the legal marijuana industry, has a stock index that tracks the performance of about 50 publicly traded cannabis companies as a proxy for the industry. You can see price-to-sales multiples from 2015 up to the third quarter of 2016 here. “For the last quarter of 2016, we expect multiples to have risen again driven by further increases in stock prices,” says Harrison Phillips, an analyst at Veridian.

One of the key issues for a legal marijuana firm is licensing. Cannabiz Media and BVR co-publish the Marijuana Licensing Reference Guide. This guide provides the most comprehensive look at state-by-state marijuana licensing along with in-depth analysis of 10 critical factors that affect businesses in the cannabis industry.