After working as a cannabis operator just before what he called the “greenrush” years, he invested a few million dollars and lost a lot of it in 2018 and 2019 when stocks deflated. He is currently only in one well-known cannabis-investment, Method Man’s Tical, because he’s decided to go otherwise all-in for psychedelics. An investment in one company gave him around 1,000 times his money in less than a year, he said.
“I’ve seen the best returns in any industry,” Schnapper said.
-With assistance from Matt Goldman.
This article was provided by Bloomberg News.