RATE Group | SEC warns on cannabis stocks as cryptocurrency investors flood in
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SEC warns on cannabis stocks as cryptocurrency investors flood in

07 Sep SEC warns on cannabis stocks as cryptocurrency investors flood in

Posted at 17:42h in Cryptocurrency News by

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Attempts to throw cold water on the sizzling valuations of cannabis companies appeared to misfire on Friday as shares continued to rise.

Stocks in cannabis companies and start-up valuations have become hot property for amateur investors, especially those who have invested in volatile cryptocurrency stocks, such as Bitcoin, which can offer high returns but with significant risks attached.

The US Securities and Exchange Commission warned investors this week about the threat of scams in cannabis trading amid fears of a new bubble to rival last year’s cryptocurrency boom.

On Thursday, analysts Northland Capital downgraded shares in Tilray, a Canadian marijuana company that listed in New York in July….

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