John Fritzel: From Bankruptcy to Cleaning up in the Cannabis Industry

John Fritzel cannabis ventures

The cannabis industry has plenty of success stories, with many of them of the rags-to-riches variety that serve as reminder how much opportunity cannabis legalization offers to entrepreneurs.  The Denver Post, which recently unveiled Denver’s leading cannabis license holders, profiled John Fritzel, the former University of Iowa basketball player who, with 32 licenses in his name, is number five on the list of holders and the second highest individual license holder after John Lord of LivWell Enlightened Health.

The real estate crisis left Fritzel, a former Subway franchisee, bankrupt in 2009.  He started what is now Lightshade Labs with two partners in 2010 and runs PotCo with two others, who are partnered with him in MJardin, a provider of turnkey cannabis cultivation in multiple states.  He also operates Buddy Boy Brands on his own. Fritzel’s entities currently employ about 400 people, and he expects them to produce revenues in excess of $250mm by 2018.

Read Ricardo Baca’s and David Migoya’s “It’s a billion-dollar market whether I’m here or not.”:

Published by NCV Newswire
NCV Newswire
The NCV Newswire by New Cannabis Ventures aims to curate high quality content and information about leading cannabis companies to help our readers filter out the noise and to stay on top of the most important cannabis business news. The NCV Newswire is hand-curated by an editor and not automated in anyway. Have a confidential news tip? Get in touch.

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