Cannabis Software touts itself as an investment opportunity, but it appears to be quite questionable.
Cannabis Software is a platform that describes itself as “a powerful automated trading software that lets you trade cannabis stocks with ease. Available in both automated and manual models, this app pinpoints lucrative trading opportunities in the markets and makes profitable trades with very high accuracy.” As the anecdote goes – if if sounds too good to be true, it is.
It seems to get even better. The platform claims on its website that “Cannabis Software Users are Making more than $7,000 a Day!” And what can one do with this kind of money? Well, the platform claims that users can take a vacation, purchase a luxury vehicle, or get all of the latest gadgets. Whether one chooses to rely on such statements is another thing. Individuals should be as wary as possible.
The platform also explains that the CBD industry is hot and is still in its infancy, making it the ideal time to jump in. As the brand explains, “Stop hesitating and losing out on the chance to make real profits. If you would have invested in Microsoft in 1986 and bought 100 shares then at $21 each, today these shares would be worth more than $750,000. With cannabis stock prices growing 10 times faster, this $750,000 would be worth $7,500,000.”
This statement has many issues. First, Microsoft and cannabis investments are not comparable. Second, the numbers are extremely inflated and unrealistic.
Overall, one’s decision to invest – or not to invest – in Cannabis Software is one that should be taken with care. The platform features many markers that would make anyone skeptical.Keep in mind that this post is not investment advice in any form. Also, cannabis is illegal under federal law and cannabis companies operate in a grey area, thus leading to volatility.
All information is for general informational and educational purposes only. Nothing should be interpreted as legal, investment, or wellness advice.
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