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Hedge fund legend Leon Cooperman is investing in the marijuana industry - and it's another sign the sector is heating up

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Hedge fund legend Leon Cooperman is investing in the marijuana industry - and it's another sign the sector is heating up
Science1 min read

Leon Cooperman

Reuters/ Rick Wilking

Leon Cooperman.

  • Hedge fund billionaire Leon Cooperman is a stockholder in Green Thumb Industries, a publicly-traded marijuana cultivator and dispensary operator.
  • Cooperman confirmed to Business Insider he invested in GTI personally, rather than through his firm, Omega Advisors.

Hedge fund billionaire Leon Cooperman is investing in the marijuana industry. He's the biggest name so far to purchase stock directly in a marijuana cultivator.

Cooperman posed a series of detailed questions to Green Thumb Industries (GTI) CEO Ben Kovler during the company's Q2 earnings call on Tuesday afternoon. GTI is a publicly-traded chain of marijuana dispensaries, cultivators, and distributors with licenses to operate in a number of states where marijuana is legal.

Following the call, Cooperman confirmed to Business Insider that he is a stockholder in the company. ...

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