Busch Heir Calls Cannabis The Future

Adolphus Busch V — great-great-grandson of Adolphus Busch, otherwise known as the original Busch in Anheuser-Busch — is launching ABV Cannabis, a Colorado-based startup that sells marijuana vaping pens. “I saw that cannabis is the future,” Busch told The New York Post. He’s the latest heir to an American business empire to turn to weed. In June, Ben Kovler, a descendant in line for the Jim Beam whiskey fortune, took his Chicago-based cannabis cultivator, Green Thumb Industries, public in Canada. “It’s not a coincidence,” John Kaden, chief investment officer of weed-focused hedge fund Navy Capital, told The Post. “Alcohol is the most immediately affected” as marijuana gets legalized by states. T! he U.S. cannabis industry is expected to grow to $75 billion by 2030, according to research from Cowen. By comparison, U.S. alcohol sales totaled about $180 billion in 2017.