Meet the 10 richest people in the cannabis industry

By Aaron Bry

The recreational and medicinal cannabis industries have made great strides in the United States and Canada in recent years. According to a recent report, cannabis is the fifth most important crop in the United States today.

This phenomenal growth in the cannabis industry has enabled investors and business people alike to make significant profits in this area. Here are 10 of the richest people in the cannabis industry.

Photo by eldadcarin / Getty Images

10.) Bruce Linton
Chairman / Founder of the Collective Growth Corporation

Linton, an influential investor in the cannabis and psychedelics space, has reported net worth of $ 80 million, according to Celebrity Net Worth.

9.) Snoop Dogg
Co-founder of Casa Verde Capital

Snoop Dogg is well known for his 1990 hits, but recently used the cash from record sales on new cannabis ventures. Snoop co-founded Casa Verde Capital, a mutual fund with a portfolio of more than $ 200 million. Snoop Dogg’s net worth is around $ 150 million, according to Celebrity Net Worth.

Seth Rogen (l), Snoop Dogg (r), screenshot via The Howard Stern Show / Youtube

8.) Steve DeAngelo
Co-founder / President of the ArcView Group

ArcView Group, which DeAngelo co-founded in 2010, is one of the largest cannabis investment firms in the industry with more than 600 investors contributing over $ 200 million. DeAngelo reported sales of more than $ 35 million from its Harborside Health Center pharmacy.

7.) Andrew Modlin
MedMen co-founder

Modlin is the co-founder of MedMen, a cannabis company with more than 25 retail stores and six growers. Modlin’s net worth is estimated at around $ 50 million, according to Celebrity Net Worth.

MedMen co-founders Adam Bierman (l) and Andrew Modlin (r), Photo by Rich Polk / Getty Images for MedMen Enterprises)

6.) Terry Booth
Aurora cannabis Co-founder

Booth, who co-founded Aurora Cannabis in 2013, later acquired CanniMed Therapeutics for more than $ 1 billion. This made Aurora one of the largest cannabis companies in the world. Booth had a stake in Aurora worth more than $ 90 million at one point.

5.) John Cervini
Aphria founder

Cervini is the founder of Aphria, a Canada-based cannabis company. The Cervini family owned a greenhouse business growing peppers and tomatoes, but John Cervini wisely saw an opportunity in growing cannabis. At one point, Cervini had a stake in Aphria worth more than $ 100 million.

4.) Irwin Simon
Tilray CEO

Simon is the CEO of Tilray, one of the largest cannabis companies in the world. Simon earns an enormous annual salary of more than $ 10 million. His net worth is estimated at around $ 50 million.

3.) Nicholas Kovacevich
KushCo founder

Kovacevich founded KushCo in 2010 before cannabis was legalized at any level in the United States. KushCo focuses on making packaging for cannabis, oils, edibles and more. Kovacevich makes nearly a million dollars a year; His estimated net worth is around $ 15 million.

2.) Seth Rogen
Houseplants founder

Famous for comedy films like Superbad and Neighbors, Rogen recently ventured into the cannabis space with his company Houseplant. While most of his millions didn’t come from the cannabis industry, Rogen makes it one of the richest people in the cannabis industry at an estimated $ 80 million.

Photo by Jerod Harris / Stringer / Getty Images

1.) Brendan Kennedy
former Tilray CEO

Kennedy is the co-founder of Privateer Holdings and the former CEO of Tilray. When Tilray’s stock hit an all-time high, Kennedy’s net worth was more than $ 2 billion, according to Bloomberg. After the stock crashed, his net worth dropped to around $ 200 million. In 2019, Tilray’s Kennedy earned a salary of more than $ 3 million.

This article originally appeared on Benzinga and was republished with permission.