Wall Street's Cannabis Investments Stay Hush-Hush Due to Stigma
- Merida Capital draws backers with bank, technology backgrounds
- One investor doesn’t want to be labeled as the ‘pot dad’
This article is for subscribers only.
Danny Moses wasn’t afraid to broadcast he’d profited from the 2008 housing crisis, but he’s keeping his latest investment -- the burgeoning cannabis industry -- closer to the vest.
Moses, who was head trader at FrontPoint Partners under Steve Eisman, as documented in the book and film “The Big Short,” says the plant’s still federally illegal status has left people like him hesitant to make pot investments public.