Millionaires in Marijuana Industry and Ways Through Which They Became Rich
These days, it is increasingly becoming difficult to earn huge amounts in the U.S cannabis industry. An increase in the legalization of recreational marijuana makes the market price of cannabis to go 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 individuals became successful by engaging in hemp industry jobs. Listed below are cannabis industry millionaires and the means by which they succeeded.
The number one person is John Cervini. John is the co-founder of Aphria, holding 9 million of the companys shares. John who is 48 years old left his familys greenhouse in 2014 with an aim of selling a more profitable product unlike the peppers and tomatoes in the familys greenhouse. He made a good decision by choosing cannabis.
The second person is Troy Dayton. Troy is not only the co-founder but also CEO of ArcView Group. Also, Troy is a joint founder of WECANNA, hemp as well as a marijuana crowdfunding platform. Also, Troy is a partner at Canopy Boulder that funds beginners in the cannabis industry.
The third person is Steve DeAngelo. Steve is not only the president but also a joint founder of ArcView Group, one of the enormous cannabis investment firms the industry has, having more than six hundred investors contributing about 200 million dollars. 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 number four person is Adam Bierman. Adam is one of MedMen Enterprises In co-founders. Also, Adam is the CEO of MedMen, supervising its retail dispensaries as well as cultivation facilities in the U.S. Medmen had a net worth valuation of 1.6 billion dollars as at May 2018. Adam has class B shares worth over $23.5 million and 9.66 LTIP shares.
Andrew Modlin is the fifth person. 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 owns about 9.66 LTIP shares and 4 million class B shares.
The sixth person is Terry Booth. In high school, Booth used to offer weed for sale to his friends. Today, Booth is the CEO of Aurora Cannabis, one of the most known cannabis companies in the world for making profits. Booth retains shares worth above $123m. At 54 years, Booth is one of the most profitable marijuana millionaires that are alive.
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