According to its website, Cannabis Software is an automated trading solution for cannabis stocks.
The theory behind is that cannabis is being legalized in different parts of the world, so stock of companies dealing with it should rise.
And the software allegedly can make you more than $7,000 per day in trading these stocks, for free. Does it sound legit?
Cannabis software scam
Secondly, the theory is only a theory, and nobody can predict the future with certainty. As a matter of fact, cannabis stocks have had negative returns during last year, have a look at the Yahoo stats.
The truth is that Cannabis software is just a scam, lately we’ve seen a bunch of scams riding the cannabis wave, like Cannabis Wealth, Cannabis Trade, Cannabis Millionaire, Weed Profit System or Green Leaf Fortune. They all are the same.
How it works
When you sign up, they will open an account for you with a broker of their choice. In the case of Cannabis Software it is GMO Trading. This broker doesn’t even offer cannabis stocks!
As you can see on our picture, it will be Forex trades, so nothing to do with cannabis stocks.
This is how they get your money and make you lose.
Cannabis Software is a scam that is made to lose your money in trades that have nothing to do with cannabis, stay away from it!
No free software will make you rich. If you want to succeed in trading, start practicing and building a strategy on a free demo account.
Don’t trade with real money until your strategy is ready and until you understand the risks.