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Home 🌿 Marijuana Business News 🌿 The Wolves of Weed Street. Weed stock scams for dummies. 🌿

The Wolves of Weed Street. Weed stock scams for dummies.

Submitted by Marijuana News on Thu, 04/03/2014 - 12:50

A sucker is born every minute and in the newly emerging and quasi-legal cannabis market I am pretty sure that number is much higher (pun intended). I just finished watching Martin Scorsese’s Wolf of Wall Street last night. Beyond the shock value of a lot of it was a sad and true story about the way “Wolfie” Jordan Belfort was able to fleece millions of dollars from hard working people by selling shitty pink sheet stocks that have little to no real company value behind them.

I was starkly reminded that ALL of the cannabis stocks we see floating around right now are traded on these same pink sheets to avoid regulation and oversight. The stock market is hard to pin down with its constantly moving targets, and most of the fraudsters who are putting on these scams to profit off of people’s love for weed are about as shifty...

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http://weedactivist.com/2014/03/30/the-wolves-of-weed-street-weed-stock-scams-for-dummies/

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