Would I buy high-growth cryptocurrency and cannabis stocks?Posted by On


Cryptocurrency infrastructure provider Coinbase made a notable debut at the stock markets earlier this week. To me, this brings investor interest in high-growth stocks in segments like cryptocurrency and cannabis into sharp focus. 

Cryptocurrency challenges

Consider the UK-listed cryptocurrency miner Argo Blockchain. Its share price increase since the start of this year has been nothing short of meteoric. It has fallen from its highs in recent weeks, but the share price is still way above its levels last year. 

This rally has been driven by increasing prices of Bitcoin, its own rising revenues, and expansion to climate-friendly facilities in Texas. 

The challenge, though, is this. Cryptocurrencies are far from mainstream. They are one regulation away from being completely unusable or a bad investment. 

Untested cannabis market

Similar fears are valid for another sector – cannabis. Even though medical marijuana is a promising sector, it is still relatively untested. The first ever cannabis stock listings were in 2014 in Canada, and they started getting listed on US exchanges only a few years after that. 

It is only recently that the UK has allowed for listing of cannabis stocks, which quickly saw three companies, MGC Pharmaceuticals, Kanabo, and Cellular Goods, get listed here.

But one fear is that cannabis-based products could go the way of vapes. If new research negates their positive impact and bad press reduces consumer interest, things could go south for…

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Cryptocurrency infrastructure provider Coinbase made a notable debut at the stock markets earlier this week. To me, this brings investor interest in high-growth stocks in segments like cryptocurrency and cannabis into sharp focus. 

Cryptocurrency challenges

Consider the UK-listed cryptocurrency miner Argo Blockchain. Its share price increase since the start of this year has been nothing short of meteoric. It has fallen from its highs in recent weeks, but the share price is still way above its levels last year. 

This rally has been driven by increasing prices of Bitcoin, its own rising revenues, and expansion to climate-friendly facilities in Texas. 

The challenge, though, is this. Cryptocurrencies are far from mainstream. They are one regulation away from being completely unusable or a bad investment. 

Untested cannabis market

Similar fears are valid for another sector – cannabis. Even though medical marijuana is a promising sector, it is still relatively untested. The first ever cannabis stock listings were in 2014 in Canada, and they started getting listed on US exchanges only a few years after that. 

It is only recently that the UK has allowed for listing of cannabis stocks, which quickly saw three companies, MGC Pharmaceuticals, Kanabo, and Cellular Goods, get listed here.

But one fear is that cannabis-based products could go the way of vapes. If new research negates their positive impact and bad press reduces consumer interest, things could go south for…



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