Cannabis companies are becoming increasingly popular as more countries are introducing new laws and regulations regarding recreational and medical marijuana use. As the industry continues to grow, investors are looking to determine which cannabis companies have the highest potential to turn a profit.
In this article, we’ll be taking a look at the top 10 cannabis companies in 2023, based on their current performance, investments, and public attention. These 10 companies represent the most profitable, influential, and innovative cannabis businesses in the industry today.
The first company we’ll be looking at is Canopy Growth (CGC). CGC is the world’s largest publicly traded cannabis company. They’re headquartered in Smith Falls, Ontario, and have operations in 11 countries across five continents. Canopy Growth is the perfect example of a cannabis business that has mastered every aspect of the industry from retail to cultivation and production.
The second company on the list is Aurora Cannabis (ACB). ACB was founded in Vancouver, British Columbia in 2016 and has since grown to become the world’s second largest cannabis company. ACB’s operations span 14 countries across five continents, and the company has a presence in the Canadian and US markets.
Next is Tilray (TLRY). Though headquartered in Toronto, Canada, Tilray is the first global cannabis company to IPO on the NASDAQ. As of 2021, the company has grown to become one of the leading players in the cannabis industry.
The fourth cannabis company on our list is Curaleaf (CURLF). Founded in 2016, CURLF is the only marijuana business to be listed on the NASDAQ. Their comprehensive range of products, services and technologies has made them a leader in the US cannabis market.
The fifth company is Cronos Group (CRON). Cronos operates two brands that focus on the medical and recreational cannabis markets. Their products and services aim to optimize the therapeutic benefits of marijuana for medical and recreational users.
The sixth company is Hexo Corp (HEXO). Headquartered in Montreal, Canada, HEXO is Canada’s leading marijuana producer. Using innovative technologies and processes, HEXO has managed to create some of the highest quality cannabis products in the industry today.
The seventh company is Aphria (APHA). Based in Leamington, Ontario, APHA has become one of Canada’s leading cannabis producers. Their focus on science-based innovation has driven their growth and propelled them to become the sixth largest cannabis business in Canada.
Hearns Butane Co. (HBC) is the eighth company on our list. The Vancouver-based company is a leading global producer and distributor of cannabis oils, concentrates and other products.
The ninth company in the top ten list is Zynerba Pharma (ZYNE). Zynerba is a pharmaceutical-grade cannabis company that produces and distributes medical cannabis products. Their products are designed to meet the medical cannabis needs of both patients and healthcare professionals.
Finally, we have Harvest Health & Recreation (HRVS). Headquartered in Phoenix, Arizona, HRVS is a vertically-integrated cannabis business that cultivates, manufactures, distributes and sells cannabis products.
These 10 cannabis companies are likely to dominate the market in 2023, as cannabis regulations become more relaxed globally. Investors should pay attention to these companies as they continue to grow and expand their operations in the coming years.