There is no denying that lots of people are making a ton of money in the cannabis industry right now. Some people are making more than others—a lot more. A number of companies in this industry have been valued at well over $1 billion.
Terry Booth
Terry Booth has been the CEO of Aurora Cannabis since 2014. Booth’s company has a current market cap of $5.3 billion with a projected growth rate of over 100%. The company earned over $2 billion in sales last year alone. Booth has a net worth over well over $1 billion, which can also be credited to his investing banking endeavors with Quinsam Capital Corporation.
Brendan Kennedy
Brendan Kennedy has made out like a bandit in the cannabis industry over the last couple of years. He is currently CEO of Tilray, which is a cannabis company based in Toronto, Ontario. This company has over 750 employees and a current market cap of nearly $3.6 billion and a projected growth rate of 120%. Kennedy is also co-founder of Privateer Holdings, Michael Blue, and Christian Groh. With a net worth of about $2.4 billion, he credits much of his recent financial success to the high demand for cannabis products.
Michael Gorenstein
Micahel Gorenstein is CEO and chairman of Cronos Group, which is one of the biggest cannabis companies in the entire world. This company has a market cap of about $5 billion and a projected growth rate of nearly 120%. Gorenstein has enjoyed tremendous success in the cannabis industry, especially in the past year. He has stated that one of his primary objectives is to change the public perception of cannabis.
Joseph Lusardi
Joseph Lusardi has certainly made a ton of money in the cannabis industry. He currently holds the position of CEO for Curaleaf Holdings, which has a market cap of over $2 billion. This company has a projected growth rate of 288%, so it is likely that their value will only increase in the near future. Lusardi has an estimated net worth of $1.2 billion, which is in large part due to his founding of this biopharmaceutical company.
Mark Zekulin
Mark Zekulin is co-founder and CEO of Canopy Growth Corporation. This company has an impressive market cap of over $12 billion with a growth rate of 313%. It is based in Canada and made almost $100 million in sales during the previous quarter. Canopy Growth’s massive and rapid expansion currently has it operating in five continents around the world. Zekulin has a net worth of almost $2 billion.
Geoffrey Guy
Geoffrey Guy is co-founder of GW Pharmaceuticals, which is one of the biggest companies in the cannabis industry right now. It was started in the late 90s and has a current market cap of over $5 billion. Guy has played a crucial role in developing this company into what it is today.
He helped develop a number of medicines that use various cannabinoids to treat a variety of chronic health conditions. This company’s sales exceeded $30 million in the first quarter of this year alone. With an estimated net worth of $2.6 billion, he is one of the most successful people in cannabis today.
Jim Simons
Jim Simons is a very well known hedge fund manager and businessman. Over the last year has invested heavily in six different cannabis stocks, which have paid off extremely well. Simons invested in Canopy Growth, Aurora Cannabis, and Aphria. All of these companies have experienced massive profits in the cannabis industry over the past two years. With a net worth of $18 billion, he can certainly credit at least a portion of his current well to cannabis.
