Millionaires in Cannabis Industry and How They Accomplished It
These days, it is continually becoming tough to realize huge profits in the United States cannabis industry. States are continually legalizing recreational marijuana, the reason the market price of bhang is going down. It is therefore difficult to become a cannabis millionaire. To earn huge profits, you have to drive out competition by becoming a big producer. 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. Settling for cannabis was the best decision John made.
The number two person is Troy Dayton. Troy is the joint founder and CEO 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 third 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 jointly founded ArcView in 2010, after solidifying his reputation with a renowned medical dispensary in California. In 2016, the dispensary realized sales worth 35 million dollars. Since that time, the value of DeAngelos companies continues to increase the hemp industry jobs.
The fourth person is Adam Bierman. Adam is the co-founder of Medmen Enterprises Inc. Also, Adam is MedMens CEO, guiding its cultivation facilities as well as retail dispensaries across the U.S. Medmen had a net worth valuation of 1.6 billion dollars as at May 2018. Adam owns class B shares worth more than 23.5 million dollars and 9.66 LTIP shares.
The fifth person is Andrew Modlin. Andrew is the joint founder of MedMen, a company possessing and operating nineteen legal cannabis facilities featuring product manufacturing, cultivation, as well as retail dispensaries. Andrew holds approximately four million class B shares as well as 9.66 LTIP shares.
The sixth person is Terry Booth. In high school, Booth used to offer weed for sale to his friends. Today, Booth is the Chief Executive Officer of Aurora Cannabis, one of the companies that are known for making the highest profits in the world. Booth retains shares worth above $123m. At the age of 54, Booth is one of the living marijuana millionaires who make huge profits.