OPINION

The investing parallels of alcohol and marijuana

News, Barry Ritholtz, Published on 20/04/2017

» Imagine for a moment that you could go back in time to 1932, the year before the 21st Amendment to the US Constitution was ratified, repealing Prohibition (and the 18th Amendment). What might you do with the knowledge that the production, transport and sale of alcoholic beverages was about to be legalised? What sort of investment opportunities might you find? How would you deploy your capital?