Anheuser-Busch scion launches Colorado marijuana company

(This story has been updated to include information from Adolphus A. Busch V about his father’s involvement in the company. A spokesperson provided the information.)

Adolphus A. Busch V, great-great-grandson of the founder of the Anheuser-Busch brewing empire, has launched a marijuana company in Colorado, becoming the latest heir from a well-known family to enter the MJ business.

The ABV Cannabis Co. launched Wednesday with a line of disposable vaporizer pens filled with CO2-extracted cannabis oil derived from greenhouse-grown cannabis, according to a news release.

Busch said in an email provided to Marijuana Business Daily by a spokesperson that his sole investor was his father, former Anheuser-Busch employee Adolphus Busch IV. The elder Busch put in roughly $100,000, according to the younger Busch.

ABV plans to roll out flower products soon, as well as other merchandise. And it expects to expand to other states.

Busch follows on the heels of other members of legendary business clans who’ve entered the cannabis space:

  • Medical marijuana firm Surterra Wellness secured a $65 million funding round last month that was led by chewing gum billionaire William “Beau” Wrigley Jr. He also joined the Atlanta-based company’s board as the chair.
  • Ben Kovler, founder and CEO of Green Thumb Industries, is heir to the Jim Beam bourbon whiskey empire.
3 comments on “Anheuser-Busch scion launches Colorado marijuana company
  1. mike on

    we knew it would get here with the big boys stepping in. that is why in ca the rules and restrictions are so overpowering, costly and complicated so as to force all small producers/businesses out. only large corps with the myriad of staff expertiese and cash to comply with all the usless rules designed to make small guys give up. the black market is the only place for them, even the serious medical producers that just want to serve those in need. but what’s new, big money wins again.

    Reply
  2. ian humphry on

    sole investor was his father, former Anheuser-Busch employee Adolphus Busch IV.
    these guys are anchored in saint louis missouri where BUDWEISER is, and this is just a starting point, its on the ballot in MO for Novmber this year and i’m pretty sure the BUSCH family will be one of the first players to get the grow and dispensary going, thats a good thing for Missouri, its long overdue. so lets vote this november missouri, there are several on the ballot please pay attention and vote…….. YES ON 2, NO ON 3

    Reply
  3. Steffen on

    Everyone in the current legal adult-use industry should boycott this company and its products. This is THE family that spent MILLIONS to keep cannabis and hemp illegal. Now that it is legal in some states they are going to come in and profit off of our hard work and wipe out the small farmers, producers and eventually retailers. Just Say No! to Fifth generation beer barons.

    These people are not friends of the plant, the people, or the industry.

    Boycott Corporate takeover of our industry! Educate others and shame them if they carry these products!

    Reply

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