# Professor Aswath Damodaran shares advice for prospective investors in cannabis stocks

1 Faculty News October 16, 2018 ![CNBC logo](/sites/default/files/styles/246w/public/assets/images/uat_027305.jpg?itok=Ipx0jiaQ)>

Excerpt from [CNBC](https://www.cnbc.com/2018/10/16/wall-streets-dean-of-valuation-says-pot-stocks-are-too-pricey.html) -- "The New York University Stern School of Business professor told CNBC’s 'Fast Money' on Tuesday that he recommends potential cannabis investors 'stay out for the moment.' From his point of view, no pot stocks have “compelling enough stories” to make them worth buying at such high valuations."

[Read more](https://www.cnbc.com/2018/10/16/wall-streets-dean-of-valuation-says-pot-stocks-are-too-pricey.html)