Alan Brochstein, author of 420 Investor and founding partner of New Cannabis Ventures, says the recent political momentum behind the cannabis legalization push in the US — and the resulting rebound in cannabis stocks since the U.S. election — has him feeling extremely optimistic about the industry's future.
“Almost eight years into this, this is the most excited I’ve ever been," Brochstein said on Benzinga’s PreMarket Prep Thursday morning. "I can finally wear my CFA hat proudly and say Moses has led his tribe to the promised land.”
Related Link: 3 Reasons Marijuana Stocks Are Soaring
There have been many periods of cannabis stock outperformance in the past that ultimately led to disappointment for investors.
This time the circumstances are different, Brochstein explained.
“When I showed up in 2014, it was the Wild West. This was just a theme, and the public companies were total crap on the OTC. No money, no real …