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Cannabis Industry Millionaires and How They Became Rich

These days, the ability to earn big amounts in the U.S marijuana industry is increasingly becoming hard. 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. Below is a list of marijuana industry millionaires and how they achieved it.

The number one person is John Cervini. John is the co-founder of Aphria, holding 9 million of the companys shares. The 48 years old John left the greenhouse of his family in 2014, his aim was to sell a product that is more profitable compared to the tomatoes and peppers in the familys greenhouse. He was not wrong by settling for cannabis.

Troy Dayton is the second person. 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 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 that time, the value of DeAngelos companies continues to increase the hemp industry jobs.

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. Medmen had a net worth valuation of 1.6 billion dollars as at May 2018. Adam has 9.66 LTIP shares as well as class B shares whose value is above 23.5 million dollars.

The number five 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 number six individual 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 possesses shares whose value is above 123 million dollars. At 54 years, Booth is among the living marijuana millionaires that are more profitable.

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