Millionaires in Cannabis Industry and How They Accomplished It
These days, the ability to earn big amounts in the U.S marijuana industry is increasingly becoming hard. States are continually legalizing recreational marijuana, the reason the market price of bhang is going down. The idea of becoming a marijuana millionaire is hard. One has to become a big producer in order to drive out the competition to earn huge amounts. Some smart people by engaged themselves in hemp industry jobs and succeeded. Listed below are cannabis industry millionaires and the means by which they succeeded.
The number one person is John Cervini. John is among the co-founders of Aphria and owns nine million of Aphria shares. The 48 years old Cervini moved from his familys greenhouse in the year 2014, his intention was to engage in the sale of a product that would bring in more profits than that of peppers and tomatoes that were grown in the familys greenhouse. He was not wrong by settling for cannabis.
The second person is Troy Dayton. Troy is the co-founder and Chief Executive Officer of ArcView Group. Also, Troy is one of the founders of WECANNA, a crowdfunding platform for hemp and marijuana. In addition, Troy is among the Canopy Boulder partners, funding startups in the marijuana industry.
The number three person is Steve DeAngelo. Steve is the president and co-founder of ArcView Group, one of the biggest cannabis investment firms in the market, with more than 600 investors contributing above $200m. Steve co-founded ArcView in the year 2010 after he built bones with a very popular medical dispensary in California. In 2016, the dispensary made 35 million dollars sales. Since then, DeAngelos companies continue to grow in value.
Adam Bierman is the fourth person. Adam is the joint founder of MedMen Enterprises Inc. Also, Adam is the CEO of MedMen, supervising its retail dispensaries as well as cultivation facilities in the U.S. As at May 2018, MedMens net worth valuation was 1.6 billion dollars. Adam owns class B shares worth more than 23.5 million dollars and 9.66 LTIP shares.
The number five person is Andrew Modlin. Andrew is the co-founder of MedMen, a company that possesses and operates 19 lawful cannabis facilities that span retail dispensaries, product manufacturing, and cultivation. Andrew has class B shares and 9.66 LTIP shares.
Terry Booth is the sixth person. In high school, Booth engaged in the sale of weed to his friends. Today, Booth is the Aurora Cannabis CEO, a company that is among those recording the highest profits in the world. Booth possesses shares whose value is above 123 million dollars. At 54 years, Booth is one of the most profitable marijuana millionaires that are alive.