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&lt;p&gt;With medical marijuana now legal in some 15 states, it was only a matter of time before someone began taking companies in the weed business public.&lt;/p&gt;&lt;p&gt;&lt;img class=&quot;embeddedObject&quot; src=&quot;http://content.screencast.com/users/dloos/folders/Jing/media/32b0172f-5a9c-4f4f-96a7-a66772afa267/00000276.png&quot; border=&quot;0&quot; alt=&quot;&quot; width=&quot;301&quot; height=&quot;242&quot; align=&quot;left&quot;&gt;Today, Bloomberg profiles ex-Morgan Stanley investment manager turned marijuana-growing trailer manufacturer Derek Peterson. Peterson is the founder and CEO of California-based GrowOp Technolgies, a company that he plans to take public later this year.&lt;/p&gt;&lt;p&gt;Peterson&#39;s trailers, which sell for between $30,000 (the &quot;little bud&quot;) and $80,000 (&quot;the Big Bud&quot;), come outfitted with a complete cultivation system; &quot;lighting, temperature, nutrients, water and humidity can be operated remotely via an iPhone app.&quot;&lt;/p&gt;&lt;p&gt;Of the numerous interested clients he&#39;s encountered in his short time in the reefer trailer industry, Peterson says, &quot;They see the green rush -- and like the gold rush back in the day -- are getting picks and shovels.&quot;&lt;/p&gt;&lt;p&gt;Before founding GrowOp, Peterson worked for more than a decade at Wachovia and Morgan Stanley (where he managed a $100 million fund) and now, on the side, when he&#39;s not running GrowOp, he &quot;oversees a $48 million portfolio with a partner.&quot; (It used to be you sold grass on the side while holding a front job; now your real job&#39;s selling weed and your side gig&#39;s in some formerly respected industry like securities.)&lt;/p&gt;&lt;p&gt;Another California company thriving thanks to the legalization of medical marijuana is General Cannabis, which has already filed for its IPO. Headquartered in Costa Mesa, General Cannabis &quot;operates several businesses, including WeedMaps.com, which directs users to more than 800 pot dispensaries nationally; a company that handles administrative tasks for more than a dozen medical marijuana clinics in California; and a payment-processing service for dispensaries.&quot;&lt;/p&gt;&lt;p&gt;According to General Cannibas&#39; CEO Jim Pakulis (who says &quot;medical marijuana could be a $60 billion industry nationwide), his firm is not a marijuana company but &quot;a technology company with an affinity toward medicinal cannabis.&quot;&lt;/p&gt;&lt;p&gt;Either way, thanks to that affinity, the Wall Street value of its IPO is currently $10.5 million.&lt;/p&gt;&lt;p&gt;Of course, all this means that it might not be long before banks will be hiring analysts and bankers with expertise in the grass-growing industry (ex-Bear Stearns CEO Jimmy Chronic Cayne might be able to get back in the business, after all). Which leads to me to wonder: which firm will emerge as Wall Street&#39;s leading medicinal marijuana investment bank?&lt;/p&gt;&lt;p&gt;(Bloomberg)&lt;/p&gt;

Derek Loosvelt

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