@cryptoindex... good to see you are looking at the cannabis sector, post resteemed.
I have been following the cannabis sector for over 4 years and am the editor at http://www.investinmj.com. I just wrote a blog post for Steemit about the cannabis stocks rising 200% in the last few months and my thoughts on the sector.
North American Cannabis Stocks Rise 200% In Last 2 Months. How You Can Profit From Legalization.
In general, yes they are overvalued and the market caps are not justified based on the earnings, but everyone is forward looking towards the recreational marijuana market this summer, and the bull market could continue well into the fall. Consider buying the dips and corrections and then selling later this summer.