Most of us by now know that the business surrounding marijuana is booming. In fact, as a whole, the weed business industry is expected to grow to be a $75 billion market by the year 2030.
This makes the marijuana market one of the fastest-growing markets in the world. So who is leading this pack as the major player in the cannabis industry right now?
Take a look at this guide to some of the biggest companies in the weed business.
Canopy Growth
This company, based in Canada, is currently the largest weed company in the world. Canopy Growth focuses its production and sales on the medical and newly legal recreational market in Canada and also have begun dipping into the market in the United States.
But they overall have operations in eight countries that span across five different continents. The company has a market capitalization of around $6 billion and has over 2.4 million square feet of production space, making them easily at the top of the list.
Planet 13
Planet 13 Holdings is the owner of the largest cannabis dispensary on earth. This dispensary, located in Las Vegas, Nevada is over 100,000 square feet and serves to provide customers with a one-of-a-kind marijuana experience.
Showcasing their own brands, Medizin, Leaf & Vine, and TRENDI, this company ensures that every step of the process is perfect to ensure their products are the best of the best.
Aurora Cannabis
This Canadian-based company is quickly expanding and is on its way to being number one. Aurora Cannabis focuses on both growing and selling medical-grade marijuana and is even a pharmaceutical wholesaler in the EU.
This past year they have expanded by acquiring MedReleaf Corp. as well as merged with CanniMed Therapeutics.
Cronos Group
Cronos Group has its holdings in many countries including Germany, Australia, Israel, and Canada. As a licensed distributor and producer of medical marijuana, this company has grown tremendously in the past few years.
Recently, Cronos formed a joint venture with MM Enterprises USA to serve consumers using recreational marijuana in Canada.
Truelieve
This company, based in Florida, is focused mostly on the medical industry within the state. Currently, it has 29 open retail locations is one of the few companies to make a large profit solely on an operating basis.
Although Truelieve does have footprints in three other states, Florida remains its main focus for now.
Watching The Weed Business
Whether you are a consumer or an investor, the weed business is a market to keep an eye on. This rapidly expanding industry will continue to grow and increase in profit and production, and this is something you don’t want to miss out on.
The legalization of marijuana is sweeping across the US and as it continues to make a home in new states, the demand for products continues to rise. Keep an eye on these companies over the next few years to see how much money is truly in marijuana.
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