'Cannabis Pump and Dump' Has Jim Cramer Seeing Market Froth

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Stocks were fluctuating in intraday trading on Friday, Feb. 12. 

And this comes after Thursday's mixed session, and a long weekend looms for Wall Street.

However, as TheStreet's Joseph Woelfel pointed out, investors retain hopes for more stimulus and improved vaccine distribution has investors remaining cautiously optimistic the U.S. economy will recover sometime in 2021.

Jim Cramer is hyper-focused on the pot stocks, worrying that this is a pump and dump. 

The volatility in the sector continues after positive earnings and sales numbers from some of the industry’s larger producers failed to offset the haze clouding the industry’s longer-term outlook - resulting in another volatile session.

"Expectations that a more “green” friendly Biden administration also may lead to federal legalization of marijuana has driven renewed interest in the broader cannabis sector, particularly on the retail side, where consumers have shown renewed interest in pot and CBD-infused food and beverage and medicinal products," TheStreet's Corey Goldman wrote.  

Watch why names including Sundial Growers  (SNDL) - Get Report are causing Cramer particular concern Friday. 

Recap TheStreet Live: Everything Jim Cramer Is Watching Friday

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