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Stephen Schwarzman, founder and CEO of the giant U.S. private-equity firm Blackstone, was already one of the world's richest men. But after an announcement that the partnership will convert to a stock corporation sparked the biggest one-day rally in its publicly traded units, Schwarzman is immediately $573 million richer on paper.
Sales for Pot Holiday 420 will get rolling early this year. Any cannabis investor should pay attention.
With a friendly Fed, a tight labor market and data like March retail sales, the chances for upside surprises are good.