Top marijuana companies based on market capitalization 2019
There are many marijuana companies within the U.S., Canada, and Europe, with some even being publicly traded. According to recent estimates, among marijuana companies that trade on major exchanges, Canopy Growth and Curaleaf, a Canadian and a U.S. company, respectively, are the top two marijuana companies based on their market capitalization. As of end-2019, Canopy Growth had a market capitalization of 5.6 billion U.S. dollars. The only company from the UK that was ranked among the top 10 companies was GW Pharmaceuticals which had the third highest market cap.
The legal marijuana industry
U.S. sales of legal cannabis have exploded in recent years. The increase in sales of legal cannabis can be attributed to two major events: legalization of recreational cannabis in Canada and legalization of recreational cannabis in California – both events occurred in 2018. The cannabis market for both locations is expected to dramatically increase in coming years with the market size expected to triple by the year 2025.
Recreational marijuana
Marijuana has many uses among consumers. A recent survey among U.S. residents indicated that among those that consume cannabis, the primary reason for consumption was relaxation, followed by stress relief. Marijuana can be consumed in a variety of forms including flower, edibles, concentrates and pills, to name a few. As of 2017, the most favored form of cannabis among U.S. consumers was flower. Despite its popularity, all forms of cannabis remain illegal under U.S. federal law. However, over time the U.S. population has warmed up to the thought of legalizing marijuana. A survey conducted in 2018 suggests that two thirds of U.S. adults think that marijuana should be made legal.
The legal marijuana industry
U.S. sales of legal cannabis have exploded in recent years. The increase in sales of legal cannabis can be attributed to two major events: legalization of recreational cannabis in Canada and legalization of recreational cannabis in California – both events occurred in 2018. The cannabis market for both locations is expected to dramatically increase in coming years with the market size expected to triple by the year 2025.
Recreational marijuana
Marijuana has many uses among consumers. A recent survey among U.S. residents indicated that among those that consume cannabis, the primary reason for consumption was relaxation, followed by stress relief. Marijuana can be consumed in a variety of forms including flower, edibles, concentrates and pills, to name a few. As of 2017, the most favored form of cannabis among U.S. consumers was flower. Despite its popularity, all forms of cannabis remain illegal under U.S. federal law. However, over time the U.S. population has warmed up to the thought of legalizing marijuana. A survey conducted in 2018 suggests that two thirds of U.S. adults think that marijuana should be made legal.
