I wrote a column about the parallels between the repeal of prohibition (alcohol) and the ongoing decriminalization of marijuana.
There is an obvious investment opportunity here, but there are also challenges given the Federal laws versus the slow decriminalization by the states.
Note: I am not a zealous advocate here, but I do believe we waste billions incarcerating millions of people for cannabis use. I haven’t been a user for a long time — too busy — but I do believe that if adults choose to have a drink or a toke that should be their decision to make in a free society.
Come ask questions!
— Barry Ritholtz (@ritholtz) June 14, 2017