The 10 Largest Marijuana Companies by Market Cap

Despite marijuana remaining illegal in most countries and in a majority of U.S. states, many marijuana companies have continued to thrive.

Currently, only a few nations, such as Canada and Uruguay, have legalized recreational marijuana. In the U.S., 24 states have legalized recreational marijuana. Regarding medical marijuana, around 40 countries have legalized it, alongside 38 U.S. states.

With that in mind, below is a list of the 10 most valuable marijuana companies by total market cap.

Innovative Industrial

Innovative Industrial Properties Reports First Quarter 2024 Results |  Business Wire

  • Ticker: IIPR
  • Total Market Cap: $3.09 B
  • Year Formed: 2016
  • Country: USA

Curaleaf

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  • Ticker: CURLF
  • Total Market Cap: $2.86 B
  • Year Formed: 2010
  • Country: USA

Green Thumb Industries

Green Thumb Industries Reports $1.1 Billion in Revenue in 2023, a 4%  Increase From Prior Year - Cannabis Business Times

  • Ticker: GTII.CN
  • Total Market Cap: $2.79 B
  • Year Formed: 2014
  • Country: USA

Trulieve Cannabis

Bhang Corporation and Trulieve Announce Licensing Deal to

  • Ticker: TRUL.CN
  • Total Market Cap: $1.72 B
  • Year Formed: 2016
  • Country: USA

Tilray

Tilray Brands Announces Agreement to Acquire Eight Beer & Beverage Brands  From Anheuser-Busch, Fueling Tilray's Future in the U.S. Craft Beer Industry

  • Ticker: TLRY
  • Total Market Cap: $1.45 B
  • Year Formed: 2013
  • Country: Canada

Verano Holdings

Verano Holdings Expands With Acquisition Of Sierra Well

  • Ticker: VRNOF
  • Total Market Cap: $1.27 B
  • Year Formed: 2014
  • Country: USA

Cronos Group

Cronos Group and Ginkgo Bioworks Announce a Landmark Partnership to Produce  Cultured Cannabinoids

  • Ticker: CRON
  • Total Market Cap: $0.85 B
  • Year Formed: 2012
  • Country: Canada

Canopy Growth

Home - Canopy Growth

  • Ticker: CGC
  • Total Market Cap: $0.64 B
  • Year Formed: 2013
  • Country: Canada

Cresco Labs

Jobs at Cresco Labs

  • Ticker: CRLBF
  • Total Market Cap: $0.56 B
  • Year Formed: 2013
  • Country: USA

Sundial Growers

Sundial Growers Completes Acquisition of Alcanna

  • Ticker: SNDL
  • Total Market Cap: $0.52 B
  • Year Formed: 2006
  • Country: Canada
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