The cannabis industry has a number of ‘tremendous’ tailwinds: ‘The Big Short’s Danny Moses

113

Danny Moses, a legendary investor who shorted subprime loans prior to the financial crisis in 2008, told CNBC that the cannabis industry in America has the makings for a big long.

“I’ve never seen a sector have the political tailwinds, the economic tailwinds, and the wellness tailwinds that this sector potentially has,” he said on “Fast Money.”

As the head trader of the now-defunct Frontpoint Partners, Moses and his team bet against the U.S. housing market before it collapsed. That bet was detailed in Michael Lewis’ bestselling book “The Big Short: Inside the Doomsday Machine,” which was later adapted into

Ga naar Bron