From beer to bongs.
Adolphus Busch V, the great-great grandson of the founder of Anheuser Busch (BUD) , is throwing back to his grandfather's roots and starting his own company. ABV Cannabis Co. is a cannabis company based in Colorado. Right now, Busch's startup focuses on making a disposable vaporizer pen.
So why no Bud?
Back in 2008, InBev--a Belgian-Brazilian brewing company--offered $46 billion for the iconic Anheuser Busch. The company originally rejected the offer, but InBev managed to turn shareholders against the family-laden board. The takeover by InBev was successful at $52 billion later in 2008.
There are no Busch descendants on the board of Anheuser Busch InBev. And apparently, they aren't allowed to work inside the company either.
In 2013, after he had graduated college, Busch V headed back to his hometown of St. Louis, Missouri to apply for an entry level job at Anheuser Busch. He was quickly turned down.
"Even though the company was sold in 2008, I still had an interest in going back and working for a company that my great-great grandfather started and that was family-run for quite a long time," Busch told TheStreet. "They turned me down because there was a conflict of interest in hiring Busch family members after the company was sold."
