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Meet The ten Richest Individuals In The Hashish Trade

By Aaron Bry

The leisure and medical hashish trade has made nice strides in the US and Canada all through the previous few years. In line with a current report, hashish is now the fifth-most worthwhile crop in the US.

This phenomenal progress within the hashish trade has allowed traders and enterprise folks alike to rack up important income within the area. Listed here are 10 of the richest folks within the hashish trade.

marijuana banking
Photograph by eldadcarin/Getty Photos

10.) Bruce Linton
Collective Progress Company Chairman/founder 

Linton, an influential investor within the hashish and psychedelic area, has a reported internet price of $80 million based on Celeb Internet Value.

9.) Snoop Dogg
Casa Verde Capital co-founder

Snoop Dogg is extensively identified for his 1990 music hits however has just lately used that cash from file gross sales for brand spanking new enterprise ventures in hashish. Snoop co-founded Casa Verde Capital, an funding fund with a portfolio price greater than $200 million. Snoop Dogg’s internet price is round $150 million based on Celeb Internet Value. 

Smoking Weed For The First Time? Seth Rogen And Snoop Dogg Have Some Advice
Seth Rogen (l), Snoop Dogg (r), Screenshot through The Howard Stern Present/Youtube

8.) Steve DeAngelo
ArcView Group co-founder/president 

ArcView Group, which DeAngelo co-founded in 2010, is among the largest hashish funding corporations within the trade, with greater than 600 traders contributing over $200 million. DeAngelo reported gross sales of greater than $35 million from the dispensary, Harborside Well being Middle.

7.) Andrew Modlin
MedMen co-founder 

Modlin is a co-founder of MedMen, a hashish firm with greater than 25 retail shops and 6 cultivation amenities. Modlin’s internet price is estimated to be round $50 million, based on Celeb Internet Value.

MedMen co-founders
MedMen Co-Founders Adam Bierman (l) and Andrew Modlin (r), Photograph by Wealthy Polk/Getty Photos for MedMen Enterprises)

6.) Terry Sales space
Aurora Hashish
co-founder

Sales space, who co-founded Aurora Hashish in 2013, later acquired CanniMed Therapeutics for greater than $1 billion CAD. This made Aurora one of many largest hashish corporations on the earth. At one level, Sales space held a stake price greater than $90 million in Aurora.  

5.) John Cervini
Aphria founder  

Cervini is the founding father of Aphria, a Canada-based hashish firm. The Cervini household owned a greenhouse enterprise and grew peppers and tomatoes, however John Cervini properly noticed a chance in rising hashish. At one level, Cervini held a stake price greater than $100 million in Aphria.

4.) Irwin Simon
Tilray CEO

Simon is the CEO of Tilray, one of many largest hashish corporations on the earth. Simon pulls in an incredible annual wage of greater than $10 million. His internet price is estimated to be round $50 million.

3.) Nicholas Kovacevich
KushCo founder 

Kovacevich based KushCo in 2010, earlier than hashish was legalized at any degree in the US. KushCo focuses on producing packaging for hashish, oils, edibles and extra. Kovacevich earns a wage of practically $1 million a yr; his estimated internet price is round $15 million.

2.) Seth Rogen
Houseplant founder

Rogen, well-known for comedy films akin to Superbad and Neighbors, just lately ventured into the hashish area along with his firm Houseplant. Whereas most of his hundreds of thousands didn’t come from the hashish trade, Rogen’s estimated $80 million makes him one of many richest folks within the hashish trade.

Seth Rogen's Covid-19 Advice- Smoke Weed And Watch Movies
Photograph by Jerod Harris/Stringer/Getty Photos

1.) Brendan Kennedy
former Tilray CEO

Kennedy is the cofounder of Privateer Holdings and former CEO of Tilray. When Tilray’s inventory was at an all-time-high, Kennedy’s internet price was greater than $2 billion, based on Bloomberg. After the inventory crashed, his internet price dropped to round $200 million. In 2019, Kennedy earned a wage of greater than $3 million from Tilray.

This text initially appeared on Benzinga and has been reposted with permission.

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