Is Weed Millionaire a Scam (Or a Pot of Ashes!)

Weed Millionaire Review

Intro.

Thanks for visiting my Weed Millionaire review. This is a program that has recently been circulating the internet, promoting profits from trading marijuana stocks. At first, some people may think this could be the next great investment opportunity. But looks can be deceiving.

I’ll explain why you should be very careful with sites like Weed Millionaire, and why you won’t make any money from signing up with these guys. So, is Weed Millionaire a scam? You bet it is.

Quick Navigation

What is Weed Millionaire
How Does Weed Millionaire Work
The Big Red Flags
Will You See Results With Weed Millionaire
My Verdict
How Do You Make Money Online

What is Weed Millionaire

Weed Millionaire is a program that claims their software can tell you which marijuana stocks to trade, with 99.7% accuracy. You’ll be shown auto-suggestions from this product, allowing you to trade for the highest profit margin just about every time.

Amazingly, whoever is behind this product (they don’t actually mention who owns Weed Millionaire), has come up with a system that has ‘ superior technology that ‘skips ahead’ of the market faster than any other system available today’. And apparently, pro traders around the world trust Weed Millionaire.

So, all you need to do to make huge profits, is sign up on their sales page and place $250 of funds into your Weed Millionaire account. Then you wait for your coach to call you, so he can walk you through your account setup, and show you how to make your first profits online.

As the video suggests, ‘How Would You Like to be the Next Weed Millionaire’.

This all sounds too good to be true don’t you think. Yeah, I think so too. So, how does Weed Millionaire really work.

How Does Weed Millionaire Work

When you first see the Weed Millionaire website, you’ll be presented with a video that apparently exposes the huge opportunity in trading marijuana stocks. You’ll first see some legitimate news articles, these are included to make the sales pitch seem authentic.

The second half of the video will attempt to convince you that this opportunity is for anyone. No experience required, no big budget required. How easy can it be!

Now, they will only accept you, should you begin with a deposit of $250. So what is going to happen to this money. I can’t say for sure, but from doing some research, this will be invested with various brokers. Not all these are ethical, including this unregulated financial broker called Prestige Financial Markets.

Whoever is behind Weed Millionaire, is an affiliate to these brokers. This means they will earn commissions from your $250 contribution. Your initial investment is in the hands of an unregulated financial broker, that doesn’t have the best of reputations.

There is no auto trading software that spits out correct trading opportunities 99.7% of the time. It’s a piece of software that is a Forex trading robot. You can see an image of the basic software below.

I wouldn’t be trusting my money with this product, and here’s a few reason why I believe it to be a scam.

The Big Red Flags

Although I immediately knew that this is a scam just by watching the sales video, there’s other elements of the sales page that are indications, that this site is not all it seems.

#1. One thing I always check, is the privacy policy. In fact, it’s not just the privacy policy that is missing here, it’s the other two legal entities also. If you look at the bottom of the sales page, you notice 3 links to the common legal pages.

These are Privacy Policy, Disclaimer and Terms. Each of these links should be directed to the nominated page. Instead, they just link back to the home page. This is a big red flag because they obviously don’t have any legal pages in place.

#2. Scarcity tactics are a common strategy that marketers use to make potential customers think they have to perform an action quickly. The top bar of the sales page has a countdown timer, which they claim when runs out, they will close registration.

Funnily enough, this never happened to me. I was able to return to this page time and time again, day after day with the countdown timer running out. Yet I was still able to sign up.

#3. I found another site that is a clone of Weed Millionaire. It’s called Paradise App, and the whole sales copy is just about the same. What I also found, is the testimonials are exactly the same from different people.

Just have a look at these testimonials. The first is from Weed Millionaire.

Now take a look at the testimonials from Paradise app.

Notice the wording used. Don’t you find it amazing that two completely different people, from two completely different websites, said exactly the same thing.

Both these sales pages show the same information with the same graphical imagery. These indications are surely enough to have you thinking twice about this product.

A common strategy that scammers use, is to get images from stock websites. Then use these images as their testimonials. It’s totally unethical and totally false.

Will You See Results With Weed Millionaire

In my opinion, no, this is a scam. There’s enough red flags to indicate that this is not a site you want to be dealing with.

Although I cannot say for sure that you’ll never see your money again, I can say with some confidence that you won’t see any more than this initial amount. But I would also be surprised if you did see any of your $250 again.

Use your $250 wisely and invest is a more legitimate opportunity. There are legitimate methods of earning money online, but you need to understand that it won’t come from one of these sites that claim it can be done easily.

My Verdict

Selling marijuana stocks can be an investment, but you need to follow it closely. You certainly wouldn’t use Weed Millionaire to make trades, as this is a scam. However, if you search a site like Investopdeia, you can learn a lot about selling marijuana stocks.

It’s because of the legalization of marijuana in Canada, that Weed Millionaire is promoting their product. People may think ‘oh yeah, this makes sense because marijuana has become legal’. But the program is bogus.

Sure, legalization of marijuana in Canada has helped with the popularity of trading. If you read Investopedia though, they say ‘spending on legal cannabis is expected to grow 230%, to $31.3% billion in 2022’. However, they also go on to say ‘In the year ending Jan. 11, 2019, the United States Marijuana Index fell 20.7%’. While it did bounce back a little from this, it’s a sure sign that marijuana trading will be volatile.

So, it’s like any other stocks and shares trading. You’re either a mum & dad investor for fun, or you do your research diligently. There is no magic bullet automated system that will spit out the correct results nearly 100% of the time, or even close to that.

If you’ve just been searching for a method to make money on the internet, this is not the type you want to invest in. If however you would like to learn how to make money online consistently, read on.

How Do You Make Money Online

Making money online can be achieved by anyone. There’s various forms of building wealth on the internet, but each method takes one important ingredient. It’s called ‘work ethic’.

Nobody out there is going to give you that big break, by offering you a product that will make you money on autopilot. Plenty will say they can, none will work. Most of these products are scams, some are just products that can help minorly, but still require you to do the heavy lifting.

If you want my opinion, I can offer 3 viable options of making money online that are sustainable for the long term. My favourite is affiliate marketing, because it requires no responsibility once you direct a potential customer to a merchant site.

All you do is promote a product that can help visitors achieve their goals, they then click on this product, head over to the merchant store and make a purchase. You then make a commission. This is how I make money online, and there’s no sign of affiliate marketing slowing down. Here’s the best course to teach affiliate marketing.

The other two options of online wealth creation, are online store ownership, and selling via the Amazon platform. A very popular way to make money with your own online store, is to use the drop shipping method. You can read about a great course that teaches eCommerce drop shipping here.

One of the top Amazon course tutors is Ben Cummings, and his course will teach you all about how Amazon fulfillment can be your future.

Wrapping Up

In conclusion, I’d like to stress that investing in stocks and shares takes time to master. It’s the same when you include marijuana stocks, but seems to be even more volatile. Even when you’ve mastered it, there’s’ still some risk involved.

We all know that money can be made by investing in the stock market. However, those that make vast amounts of profit, study diligently in the market.

Should you sign up to Weed Millionaire, you’ll just be throwing your money away. You’ll be relying on an unregulated broker with a poor reputation to invest your money in weed. That doesn’t sound like my kind of investment.

If you’ve placed funds into Weed Millionaire, I’d be interested to hear from you.