Forbes Russia: Curaleaf Chairman Is The First Billionaire In The Cannabis Industry

Boris Jordan, the chairman, Curaleaf, is worth 1.1 billion dollars. According to Forbes Russia, Jordan stands out as the only billionaire so far for those who has ventured in the cannabis industry. He has a 31% stake in Curaleaf Company.

Curaleaf is located in Massachusetts and it deals exclusively in growing and processing of its own Marijuana. The cannabis market cap rates the company as the sixth most valued company in hemp production globally. The company runs 48 dispensaries across 12 states, and it deals with growing and processing marijuana as depicted on their official web page.

Jordan has invested heavily in some Russian and European-based companies through the Sputnik Group. Sputnik is a group of companies situated in Russia and some European states that was founded in 1998. Boris Jordan is also the founder of Measure 8 Ventures , which is another firm that deals with processing marijuana. Besides, he is also the chairman of one of the largest Russian Insurance company, Renaissance Insurance.

Jordan informed Benzinga that he visualizes Curaleaf as the lead firm in cannabis industry.