Marijuana Legalization Is Good News for Pot Stocks. How to Play It.

Russia, in the capital-starved, legal murk of the early 1990s, prepared Boris Jordan well for America’s cannabis industry. Today, as the 54-year-old Jordan runs the biggest licensed marijuana company in the world, Curaleaf Holdings, the challenges of the U.S. cannabis industry remind him of his days as a banker and investor on Russia’s capitalist frontier.

“It was a very tough environment to operate in,” Jordan recalls of Russia’s post-Communist chaos. Whole industries needed inventing, and the legal ground under businesses…

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