: Green Thumb Industries posts another profit as CEO channels Warren Buffett

by | Aug 10, 2023 | Stock Market

You would think that the CEO of a U.S. cannabis company might cite Bob Marley or Jerry Garcia on a quarterly conference call with analysts, but Green Thumb Industries CEO Ben Kovler is not running his business like other pot companies. For one, Green Thumb Industries Inc.

stands out as one of the only profitable cannabis companies around after posting its second quarter in a row in the black on Tuesday.

And instead of mentioning spliff-smoking reggae stars or Grateful Dead icons, Kovler said he draws management inspiration from Berkshire Hathaway
founder Warren Buffett. Kovler made an indirect reference to the Oracle of Omaha in his second-quarter call with analysts by saying that the “tide continues to recede” for the cannabis sector as the economy slows toward an expected recession in 2024. Warren Buffett famously sa …

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