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Cannabis stocks are new crypto as news mentions spike with shares

References to crypto in news articles over the past year has loosely tracked the volatility of digital assets

Luke Kawa | Bloomberg 

As one speculative frenzy fizzles, another arises from its ashes. Marijuana Inc. is making more headlines than Crypto Corp. as the stocks of companies linked to the cannabis craze get caught up in a mania that’s sent prices surging.

References to “cannabis” in news articles nearly doubled the amount mentioning “crypto” on Wednesday, according to data from curated sources compiled by Bloomberg. Peter Atwater, president of Financial Insyghts, said that Google Trends data shows the real surge in interest “is among the novice wanting to know ...

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First Published: Fri, September 21 2018. 09:37 IST
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