Canada Watchdogs Say That Investing On Marijuana Stocks Can Be Very Risky

The change was designed to replace home-grown medical marijuana. In many of these cases, just the announcement of intent to develop a medical marijuana business has resulted in an immediate rise in a company’s stock price, said the CSA, an umbrella group for the country’s provincial and territorial securities regulators. The Montreal-based agency didn’t identify any companies by name.

Investor interest in marijuana stocks has soared as regulatory changes in Canada and parts of the U.S. have opened the door to legal business opportunities. There about 13 marijuana-related companies on the junior Canadian Securities Exchange, according to James Black, a Vancouver-based vice president of listing development for the exchange.

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