Cowen & Co. Races to Be $6 Billion Pot Industry’s Financial Guru

  • Century-old brokerage sees opportunity to get in early
  • Firm is hosting conference after assembling trove of data
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Cowen & Co., the nearly century-old firm founded as a bond brokerage, is racing to become Wall Street’s leading provider of cannabis research, staking a claim to an industry generally forsaken by financial institutions.

Analysts at the New York-based company have assembled a trove of data on the burgeoning field of semi-legal marijuana. And on Thursday Cowen will host its first investor conference devoted to the controversial topic.