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Cramer warns against buying volatile Canadian pot stocks until things settle down after legalization

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'There could be a lot of disappointment once it turns out that legal marijuana is a lot less profitable than illegal marijuana,' MadMoneyOnCNBC's Jim Cramer advises against buying pot stocks so soon after legalization.

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MadMoneyOnCNBC The ability to create your own herb garden means that the barrier for market entry is incredibly small. We will become a nation of 'craft growers'.

MadMoneyOnCNBC And it’s much cheaper to buy weed from the black market

MadMoneyOnCNBC what about the ones we already hold? continue to hold or sell?

MadMoneyOnCNBC He didn't recover from buying Tilray at $300.

MadMoneyOnCNBC This guy is talking out of his ass. Illegal outdoor grows are going to be non-existent because the Emerald Triangle (where 13M lbs of illegal weed is grown and supplies 76% of nation's illegal weed) will be heavily policed and regulated to just supply California.

MadMoneyOnCNBC hes all around the clock as usual other day he sayin buy canopy he has no clue and no one really knows the market cap gonna need few months to get an idea. and its almost winter tourist shud enjoy it too next summer

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Short-term traders should sell into pot stocks surge, says Jim CramerThe 'Squawk on the Street' team discusses the surge of pot stocks in the wake of Canada's legalization of cannabis tomorrow. These stocks give new meaning to the term making market “highs” Of course if they were really good at stocks, they would have discussed the surge before it happened. Spoiler alert: The Bitcoin pump and dump is over. The Cannabis pump and dump has begun 😂😂
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La source: CNBC - 🏆 12. / 72 Lire la suite »