Russian Bank Pioneers Find a New Kick: Marijuana
After making their fortunes in Russia in the 1990s, they say this time nobody's getting hurt.
Medical marijuana plants.
Photographer: James MacDonald/Bloomberg
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Two banking pioneers during Russia’s chaotic lurch toward capitalism a quarter century ago think they’ve finally found another emerging market that can give them the same buzz.
Boris Jordan, a Credit Suisse First Boston alum who co-founded Renaissance Capital more than two decades ago, and Bernie Sucher, who left Goldman Sachs to help start Troika Dialog, say the U.S. marijuana industry will generate the kind of returns they reaped from the rubble of communism.