CO Officials Warn Against Marijuana Investment Scams
Despite $700 million in marijuana sales last year alone, Colorado officials are warning investors to think twice before putting their money into cannabis stocks.
The reason: There’s a relatively high risk of getting sucked into a scam.
The Colorado Division of Securities has put out an alert that cautions investors against betting capital on a trio of investments it considers risky: marijuana-related companies, binary options and digital currency.
“What they all have in common is their recent emergence as three investments that both sellers and buyers hope will become the ‘next big thing,’” Colorado Securities Commissioner Gerald Rome said in