Pot Soars on Wall Street, Real Estate Investors Just High All the Time



103272286 Pot Soars on Wall Street, Real Estate Investors Just High All the Time A routine “sometimes Wall Street guys do drugs” story on a WSJ blog manages to buck a cliche: apparently cocaine is falling out of favor with the Masters of the Universe, while marijuana use has increased.

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The data comes from drug tests at some 270 finance firms and while the numbers of users is low overall — real estate investment trust companies are the worst offenders, by the way — those who relax pharmacologically tend to have marijuana-heavy portfolio, these days. Pot was the reason for 64% of failed drug tests in 2007, in 2009 that jumped to 80%.

Also popular are pills, according to William Heran, the director of a rehab facility crammed with former finance guys.

Mr. Heran has been around long enough to discern a forex trader from an M&A banker. He says the rage these days is a Pez dispenser with the head of a red devil. Inside? Pills of Oxycodone or Percocet.

All of them have the exact same Pez dispenser? Whatever, at least we know why Goldman’s getting a Shake Shack.