Drug Agent Joins Budding Industry

WASHINGTON: Government officials regularly leverage their public-sector experience into more lucrative jobs in high finance. One former U.S. Drug Enforcement Administration supervisor is giving that track a new twist.

Patrick Moen, a longtime DEA agent, has left a post leading a federal team in Portland, Ore., that combats heroin and methamphetamine trafficking to join a private-equity firm that invests solely in businesses tied to the budding legal marijuana industry.

“The potential social and financial returns are enormous,” says Mr. Moen, who is becoming managing director of compliance and senior counsel of Privateer Holdings Inc. “The attitudes toward cannabis are shifting rapidly.”

A DEA spokesman declined to comment. [Read more…]