Nick Lachey could get rich growing pot in Ohio
AKRON, Ohio — A singer who has undoubtedly raked in millions from his boy band days is set to become rich another way: by growing pot.
Nick Lachey, of 98 Degrees, will hope to profit from an upcoming vote in his home state of Ohio when voters go to the polls to decide on a marijuana legalization initiative.
The Washington Post reports that on Tuesday, Ohio voters will decide whether to legalize marijuana. If they do so, Lachey will immediately become one of the top pot distributors in the state.
Lachey, 41, is part of one of 10 ownership groups that could legally sell marijuana if the bill passes, according to the Post. Other owners include NBA legend Oscar Robertson and NFL defensive end Frostee Rucker.
According to the Post, each ownership group contributed $4 million to the legalization campaign. Should the bill pass, the owners would then need to spend about $10 million on buying land to set up their pot farms.
It’s a pricy undertaking, but it could have a very profitable outcome. A study says the 10 farms would be selling $1.1 billion worth of pot every year.
According to the Post Lachey’s farm would be a 29-acre plot just outside of Akron, Ohio.