“Mad Money” host Jim Cramer is putting marijuana and bitcoin into the same category: speculative investments.
Cramer has said that chip making, cryptocurrencies, and marijuana, are three industries that investors should be cautious about when it comes to trading companies within them.
Cramer explained, “Right now, the speculators are pressing me on three major issues: marijuana, cryptocurrencies and the stock of Micron.”
“They seem to think they’re making a normal investment and I think that’s a mistake,” Cramer said.
When it comes to marijuana, Cramer notes that there could be turmoil in the domestic market. He said, “As far as I’m concerned, there’s way too much speculation in this sector already.”