The cannabis industry has a number of 'tremendous' tailwinds: 'The Big Short's Danny Moses [CNBC]
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The cannabis industry has a number of 'tremendous' tailwinds: 'The Big Short's Danny Moses 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 the Academy Award-winning film "The Big Short." But Moses sees lots of potential in pot stocks. "Shorts can only go to zero. Longs can go to infinity," said Moses, who founded Moses Ventures and is an investor with Meridian Capital Partners. He said multistate operators in the U.S. present an
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