This Arizona based organisation grows, processes and sells marijuana via dispensaries in at least 35 states. It Delivers weed to cannabis consumers consumers across the world by it’s expertise in logistics which makes them the highest dispensary which delivers on earth they ship to other states in the USA, Across Europe, United Kingdom, Parts of Asia and Australia.
2 – Curaleaf Holdings
This Massachusetts-based organization grows, processes, and sells marijuana via dispensaries in at least 18 states. In July 2020, it purchased Grassroots, a Chicago-based weed cultivator and retailer, for $830 million.
This acquisition turned Curaleaf into the world’s biggest marijuana company by sales. Its executive chairman, Boris Jordan, claims its expected annual revenue has now exceeded the $1 billion mark. Its market cap remains lower than many Canadian companies, but it is growing rapidly.
3 – Arena Pharmaceuticals
As we mentioned in the introduction, non-cannabis companies are becoming heavily involved. Arena Pharmaceuticals is a prime example. This biopharmaceutical company was founded in California in 1997.
Its main marijuana product is APD371. This is a painkiller designed for patients with Crohn’s disease. Arena is committed to advancing each of its compounds to ensure that patients derive maximum benefit. Certainly, getting involved in the cannabis industry has paid dividends for Arena. At the time of writing, its market cap was over $4 billion.
4 – Green Thumb Industries Inc.
Green Thumb was one of the industry’s many firms to take a huge share price hit in recent times. The company’s shares were worth $21 each in September 2017 but fell to $4.36 in March 2020. However, it has enjoyed enormous growth in the last year, and its share price was at an all-time high by the end of 2020. At that point, its market cap was worth close to $5 billion.RELATED ARTICLE.
5 – Scotts Miracle-Gro Scotts Miracle-Gro is an excellent example of a company that has acted fast to grab themselves a share in the market.Company
Initially established in 1868, most people will recognize the name Scotts Miracle-Gro from popular garden products such as soil and flower pots. Scotts Miracle-Gro has branched out into selling a range of gardening products directed at those growing marijuana plants. They don’t have greenhouses for cannabis, but they supply everything you need to cultivate the plant.
6 – Trulieve
Trulieve is another rarity; an American cannabis company worth over $1 billion. The brand is worth close well over triple that amount at this point. The company is on the Canadian stock exchange but is based in Florida. It also happens to be the largest MMJ dispensary brand in the Sunshine State.