On Nov. 12, 2015, the Colorado Division of Securities issued an investor alert titled, “Are you an Informed Investor? The Next Big Thing.” The alert addressed the popularity of investments in marijuana, binary options and digital currencies.
Tag Archives: Pump and Dump
On July 9, 2015, the Securities and Exchange Commission announced that it had settled charges against Alexander Hawatmeh and Christopher Mrowca. So far, so good, but is the legal marijuana industry any safer for investors?
Cannabis stocks were skewed to the negative today as selling of pump and dump names continued.
U.S. equities showed a weak open on the back of news from the ECB. However, the selling pressure didn’t last long and equities ended mostly unchanged. The S&P 500 posted a small decline of 0.11% to 2,072.
Holiday weeks are generally quiet and this week begun no differently. U.S. stocks jumped higher out of the gate following strength abroad. Similar to Friday, the gains quickly faded as investors failed to support initial strength.
Marijuana is one of the fastest growing industries in the nation. Hundreds of millions of dollars have already been made this year, and by the start of 2015 it is estimated to reach over $1 billion. As a budding herbal entrepreneur, you want to seize every cannabis-related opportunity you can find, but as I warned in June, prudence is often more profitable.
Every day investors look at their stocks and wonder: is this going to be the next big thing? When you are researching potential stocks to buy, it is only natural for your eyes to light up when you see a cannabis-related stock. You may initially think, “Oh boy, this stock is going to be huge!” Don’t let yourself be fooled.