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. The idea of becoming a marijuana millionaire is hard. To realize huge margins, you have to become a grand producer so as to drive out the competition. A number of smart people doing hemp industry jobs have made it. Listed below are cannabis industry millionaires and the means by which they succeeded.
John Cervini is the first person. John is the joint founder of Aphria, having 9 million of the shares of the company. 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 the co-founder and Chief Executive Officer of ArcView Group. Troy is also the co-founder of WECANNA, hemp, and 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. 2010 is when Steve co-founded ArchView, after building his reputation with a widely known medical dispensary in California. In 2016, the dispensary realized sales worth 35 million dollars. Since then, DeAngelos companies continue to grow in value.
The number four person is Adam Bierman. Adam is one of MedMen Enterprises In co-founders. Adam is also the companys CEO, overseeing its retail dispensaries and cultivation facilities across the U.S. As at May 2018, the net worth valuation of MedMen 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 owns about 9.66 LTIP shares and 4 million class B shares.
The number six individual 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 has shares worth more than $123m. At 54 years, Booth is among the living marijuana millionaires that are more profitable.