EXCLUSIVE: Whitney Tilson Bullish On US Cannabis Stocks: 'The Sentiment Is Changing' - S&P Dep Receipts (SPY)

“I just listed my number one stock pick for my newsletter business for this year…and it’s AdvisorShares Pure US Cannabis ETF (NYSE:MSOS) – basically the U.S. cannabis index,” Tilson said. He added that he remains bullish on the cannabis industry because “the sentiment is changing” along with cannabis legislation. Long-Term InvestorResponding to a question from Cannabis Hour’s audience, “Isn’t it funny how the ‘older’ guys have a longer time horizon than ‘younger’ investors? YEARS, not days,” Tilson noted that indeed, he was “not retiring ever” and advised younger investors that they “should have a long-term horizon.”Tilson pointed out that younger investors have grown up in the longest bull market in history. “I happen to tell my daughters ‘look, just buy the S&P 500 index fund (NYSE:SPY)’; and for most people, ‘just buy an index fund.’