Wall Street’s Invasion of the Legal Weed Market
Inside the race to become the Goldman Sachs of ganja and the Blackstone of bongs.
Steve DeAngelo has two gray pigtails, a felony drug conviction, and $150 million invested on his ArcView platform.
“What I see happening now is the fruition of all the hippie pioneers’ most cherished dreams,” says DeAngelo. He’s a leader in the tie-dyed culture that nurtured cannabis under prohibition and, soon, out of it.
Semilegal weed has sparked a Wall Street land grab. DeAngelo uniquely has a foot in each world, and arms open to the inrushing suits.
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