The Legal Marijuana Market is expected to reach $75.6 billion by 2025, at a CAGR of 28.3% during the forecast period of 2019 to 2025. Legal marijuana products are prepared from the leaves, buds, and flowers of the cannabis plant. They are most often consumed by smoking dried cannabis flowers, although many other products and consumption methods exist, such as edible products which include infused chocolate, pre-packaged brownies, and other items. Moreover, growing legalization of marijuana across the globe, growing medicinal applications of marijuana, rising geriatric population who need treatment for chronic diseases, and technological advancements in cultivation are the key factors driving the growth of the legal marijuana market.
Here are the top 10 companies operating in the Legal Marijuana Market
Canopy Growth Corporation (Canada)
Founded in 2014 and headquartered at Ontario, Canada. Canopy Growth Corporation is engaged in growing, possessing, and selling of medical cannabis in Canada. The company offers its products under the Tweed, Black Label, Spectrum Cannabis, DNA Genetics, and Leafs by Snoop, Bedrocan Canada, CraftGrow, and Foria brands. It also offers its products through Tweed Main Street, a single online platform that enables registered patients to purchase medicinal cannabis from various producers across various brands. The company has its geographic presence in the Canada.
Medical Marijuana, Inc. (U.S.)
Founded in 2009 and headquartered at California, the U.S.; Medical Marijuana, Inc. operates in the medical marijuana and industrial hemp markets. The company engaged in the research and development of cannabinoid-based pharmaceuticals; and marketing and distribution of cannabidiol hemp oil-based products. The company offers patented and proprietary based cannabinoid products to seed and stalk or isolated high value extracts manufactured and formulated for the pharmaceutical, nutraceutical, and cosmeceutical industries. The company has its geographic presence in the North America.
Tilray, Inc. (Canada)
Founded in 2013 and headquartered at Nanaimo, Canada. Tilray, Inc. is engaged in the research, cultivation, processing, and distribution of medical cannabis. Tilray, Inc. is the GMP-certified medical cannabis producer to supply cannabis flower and extract products to patients, physicians, pharmacies, hospitals, governments, and researchers.
The company has its geographic presence in the North America, Latin America, Europe, Australia, and New Zealand.
Aurora Cannabis Inc. (Canada)
Founded in 2013 and headquartered in Edmonton, Canada. Aurora Cannabis Inc. engaged in various segments of the cannabis value chain, from facility engineering and design to cannabis breeding, genetics research, production, derivatives, high value-add product development, home cultivation, wholesale, and retail distribution. Aurora Cannabis Inc. provides a wide range of premium quality cannabis and hemp products and services, develops innovative technologies, promotes cannabis consumer health and wellness, and delivers an exceptional customer experience across all its brands.
The company has its geographic presence in the North America, Europe, Asia-Pacific, and rest of the world.
Terra Tech Corp. (U.S.)
Founded in 2008 and headquartered at California, the U.S.; Terra Tech Corp. is a vertically integrated cannabis-focused agriculture company. The company operates in two segments, namely herbs and produce products; and cannabis dispensary, cultivation, and production. The company has its geographic presence in the North America.
Aphria, Inc. (Canada)
Founded in 2013 and headquartered at Ontario, Canada. Aphria, Inc. is a licensed producer of medicinal marijuana under the Health Canada Regulations. Aphria Inc. has developed integrated greenhouse growing solutions specifically focused on quality production of cannabis. The company produces and sells medical cannabis in Canada and internationally. The company has its geographic presence in Canada.
Cronos Group Inc. (Canada)
Founded in 2013 and headquartered at Ontario, Canada. Cronos Group Inc. operates two wholly-owned Canadian licensed producers, regulated under Health Canada’s Access to Cannabis for Medical Purpose Regulations: Peace Naturals Project Inc. (Ontario), which was the first non-incumbent medical cannabis license granted by Health Canada, and Original BC Ltd. (British Columbia), which is based in the Okanagan Valley. The company offers dried flower and cannabis oil under the brand name: Peace Naturals, Original BC, and Whistler Medical Marijuana Company.
The company has its geographic presence in the North America, Europe, and Australia.
OrganiGram Holdings Inc. (Canada)
Founded in 2013 and headquartered at Moncton, Canada. OrganiGram Holdings Inc. produces and sells dried cannabis and cannabis oil. The company offers wholesale shipping of cannabis plant cuttings, dried flowers, blends, pre-rolls, and cannabis oils to retailers and wholesalers. The company has its geographic presence in the North America, Europe, and Australia.
VIVO Cannabis Inc. (Canada)
Founded in 2014 and headquartered at Ontario, Canada. VIVO Cannabis Inc. manufactures and distributes medical cannabis. The company was formerly known as ABcann Global Corporation. The company’s portfolio includes various medical cannabis brands such as Beacon Medical, Fireside Cannabis, Lumina Wellness, Canna Farms Ltd., and Harvest Medicine. The company has its geographic presence in the North America, Europe, and Australia.
Maricann Group, Inc. (Canada)
Founded in 2013 and headquartered at Burlington, Canada. Maricann Group, Inc. is Wayland’s medicinal cannabis brand. Maricann Group, Inc. produces and sells medical and non-medical cannabis for cannabis patients and consumers in Canada and internationally. The company offers dried flower and cannabis oil. The company has its geographic presence in the North America, Europe, and Australia.
Popular Mentions – Tikun Olam Ltd. (Israel), The Green Organic Dutchman Holdings Ltd. (Canada), Stenocare A/S (Denmark), Cannabis Science, Inc. (U.S.), and HEXO Corp. (Canada).
