Extras: FIVE CELEBRITIES WHO OWN CANNABIS BUSINESSES

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by Aveline MacQuoid on January 11, 2022

in Extras

Five Celebrities Who Own Cannabis Businesses

Cannabis has been used for centuries as a medicinal herb. It contains a variety of compounds that interact with the human body in beneficial ways. Modern cannabis research is uncovering new and exciting ways to use this amazing plant. There are a variety of cannabis products on the market these days, and they come in many shapes and sizes – from small herb grinders like those offered by Daily High Club, to bigger devices like bongs and dabs, there is just about everything. In recent years, it appears that celebrities have embraced the cannabis business with enthusiasm. An impressive number of celebrity cannabis businesses, from athletes to actresses and musicians, are leading the way to a new era of marijuana legalization and normalization. Stars are using their names to promote marijuana businesses, from CBD edibles to farming their strains in states where it is legal. These are lists of the most well-known celebrities who own marijuana businesses.

Snoop Dogg

Snoop Dogg, or Calvin Cordozar Broadus Jr. in real life, is an American rapper, songwriter, media personality, actor, and entrepreneur who was born in Los Angeles, California. The rapper whose name is linked with marijuana has significantly improved his cannabis game and started developing his association with cannabis long before it got momentum in the United States, and he’s seen his public persona evolve along the same arc as the weed itself. In 2013, rapper Snoop Dogg collaborated with Grenco Science to produce the electrical weed vaporizer G-Pen. In addition to being the co-founder of Casa Verde, a cannabis-focused vulture capital firm, Casa Verde announced that it would be investing $15 million (€13 million) in AceCann, a medicinal cannabis company based in Portugal.

Gwyneth Paltrow

In addition to her roles in The Hunger Games and Shakespeare in Love for which she won an Academy Award, Gwyneth Kate Paltrow is a well-known actress, model, entrepreneur, and artist. Gwyneth Paltrow, the CEO, and founder of Goop is the latest Hollywood star to make a play on the cannabis market. Now that she’s become a wellness expert, she’s endorsing Cann, a company that makes cannabis-flavored beverages. Actress Gwyneth Paltrow says she was attracted to Cann’s drinks, which are infused with modest levels of THC and CBD, as an enticing alternative to alcohol because of its health benefits.

Martha Stewart

Martha Helen Stewart is an entrepreneur, writer, and television personality from the United States. Martha Stewart Living Omnimedia was founded by Martha Stewart, a successful entrepreneur who branched out into a range of businesses, including publishing, television, retail, and e-commerce. Stewart is on the verge of establishing cannabis as the next frontier of domestic comfort. Stewart launched her CBD-infused product line in 2020 in conjunction with Canopy Growth Corporation and Marquee Brands. Stewart’s engagement with this business placed her among a small but developing group of celebrities who see potential profits in North America’s young legal marijuana business.

John Legend

John Legend is an American artist, songwriter, and record producer in the United States. According to a press release, in 2019, John Legend invested in a cannabis company that manufactures CBD products such as edible gummies. Legend’s role is to help market the company’s new hemp CBD product line, which is made entirely of cannabis. The new CBD lines will include BALANCE in blueberry taste, UPLIFT in grapefruit flavor, and SLEEP in blackberry tea flavoring. All three goods are available to buy on Plus Products’ company website.

Bella Thorne

Annabella Avery Thorne is an American artist and singer who was born in New York City and currently resides in Los Angeles. In addition to the Shorty and Teen Choice awards, she has also received an Imagen and three Young Artist Awards in her career. In addition to acting, Thorne has ventured into the worlds of music and the cannabis business. In 2019, actress Bella Thorne launched Forbidden Flowers, a consumer cannabis and CBD business. The product is made up of sun-grown cannabis farmed in Santa Barbara in collaboration with the Glass House Group. Thorne’s business was the culmination of a long-held passion for cannabis and a desire to diversify her revenue streams. The emerging business dynamo’s foray into the industry has been a big success.

Conclusion

Cannabis, both medical and recreational, is proving to be the next big company suitable for investment, as many states have already legalized marijuana despite the federal government’s opposition. The value of cannabis stocks is growing. In what has been nicknamed the “green rush,” private companies, small businesses, and celebrities are exploring ways to profit from legal marijuana activities. Celebrities with a passion for weed are ready to become involved since they can see the potential financial returns. When it comes to handling businesses, investing in CBD products, or creating their brand of cannabis goods—these celebs are all in it for the long run!

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