Biggest cannabis dealer in Colorado from the Waikato
John Lord once walked into a federal government building with $2 million in cash in his backpack to pay his taxes for the cannabis he sells.
Due to federal laws, he couldn't get a bank account to bank his drug profits. It's different now. His customers still have to pay cash, but he can now transfer money to the Internal Revenue Service come tax time.
Lord is the chief executive of Livwell - the largest marijuana dealer in Colorado, one of a few states that have legalised cannabis.
He sells in excess of $80 million worth of product annually. He won't talk profit margins.
Not too bad for a one-time Te Aroha dairy farmer. He moved to the States back in 1998, first to manufacture and sell baby products. He sold that business in 2008. Cannabis is much more lucrative.
Lord has a staff of 500, owns 20 retail...
This marijuana news is brought to you by 420 Intel. For the latest breaking cannabis industry news, subscribe to the 420 Intel newsletter. If you'd like to promote your product or service in this area after every article, contact us.
420 Intel is Your Source for Marijuana News
420 Intel Canada is your leading news source for the Canadian cannabis industry. Get the latest updates on Canadian cannabis stocks and developments on how Canada continues to be a major player in the worldwide recreational and medical cannabis industry.
420 Intel Canada is the Canadian Industry news outlet that will keep you updated on how these Canadian developments in recreational and medical marijuana will impact the country and the world. Our commitment is to bring you the most important cannabis news stories from across Canada every day of the week.
Marijuana industry news is a constant endeavor with new developments each day. For marijuana news across the True North, 420 Intel Canada promises to bring you quality, Canadian, cannabis industry news.
You can get 420 Intel news delivered directly to your inbox by signing up for our daily marijuana news, ensuring you’re always kept up to date on the ever-changing cannabis industry. To stay even better informed about marijuana legalization news follow us on Twitter, Facebook and LinkedIn.
Follow us on Instagram
Connect with us on Linkedin