Forget the gold rush, first-time investors are looking to cash in on the green rush, but financial advisors are warning those looking to cash-in on soon-to-be legalized cannabis to think before they invest.
The rapid growth of these businesses is attracting veteran investors with deep pockets, but financial advisors are also seeing many first-time investors looking to get rich quick.
“Be careful, this is obviously a new industry,” explained Kevin Mullane, senior investment advisor with National Bank Financial. “A lot of these companies don’t have a lot behind them at this point in time, in terms of revenues and earnings, more importantly earnings,”
– Read the entire article at Global News.