Top Cannabis Companies

The cannabis market is valued at USD 72.83 billion in 2025 and is expected to reach USD 125.76 billion by 2030, growing at a CAGR of 11.5% from 2025 to 2030. The global cannabis industry is experiencing steady growth, driven by increasing legalization, rising awareness of health and wellness, and growing demand for plant-based, functional products. Consumers are shifting toward cannabis-based therapies for chronic pain, anxiety, sleep issues, and overall wellness, influenced by wellness trends and lifestyle changes. Innovations in edibles, vapes, infused beverages, and topicals are appealing to a broad demographic, including younger and health-conscious consumers. The post-pandemic emphasis on natural, immunity-boosting, and stress-relief solutions has further boosted cannabis use. Sustainable cultivation methods and transparent sourcing are also becoming important brand differentiators, shaping the market’s future worldwide.

Top 10 Companies in the Cannabis Market

• Canopy Growth Corporation (Canada)
• Curaleaf (US)
• Cresco Labs (US)
• Green Thumb Industries (GTI) (US)
• Tilray Brands (US)
• Aurora Cannabis Inc. (Canada)
• Trulieve (US)
• MedMen (US)
• The Cronos Group (Canada)
• Medical Marijuana, Inc . (US)

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Some of the major players in the cannabis market with a significant global presence include Canopy Growth Corporation (Canada), Curaleaf (US), Cresco Labs (US), Green Thumb Industries (GTI) (US), and Tilray Brands (US). These companies have used various organic and inorganic growth strategies, such as collaborations, acquisitions, product launches, partnerships, agreements, and expansions, to strengthen their international presence and gain a larger share of the cannabis market. These strategies have helped these companies expand across different regions by offering cannabis.

Canopy Growth Corporation (Canada)

Canopy Growth Corporation is a leading global cannabis and CPG company based in Canada, managing a diverse portfolio of award-winning brands for recreational and medical markets. Its Canadian brands include Tweed, DOJA, Deep Space, Ace Valley, 7ACRES, Twd., Vert, Wana, and Hiway, offering flowers, edibles, and beverages. The company operates through segments like Canada Cannabis, International Markets Cannabis, Storz & Bickel, This Works, and Others. In medicine, it operates as Spectrum Therapeutics in Canada, Europe, and Australia, with Canopy Medical providing medical cannabis in Germany. It also owns Storz & Bickel, known for vaporizers, and This Works, offering CBD skincare and sleep aids. Known for innovation, quality, and compliance, Canopy leads with science-driven products and social equity initiatives focused on health and wellness.

Curaleaf (US)

Curaleaf is a leading vertically integrated cannabis company in the US, operating across 23 states with 151 dispensaries and 19 cultivation and processing sites, serving over 350,000 registered patients. Headquartered in Stamford, Connecticut (and with corporate headquarters in New York City), Curaleaf offers a wide range of high-quality medical and adult-use cannabis products under brands like Curaleaf, Select, Grassroots, Jams, and Find JAMS. The company emphasizes strong research, education, and advocacy to enhance consumer safety and accessibility. Internationally, Curaleaf is Europe’s largest vertically integrated cannabis operator, supporting cultivation, extraction, manufacturing, and distribution. Known for its focus on safety, consistency, and regulatory compliance, Curaleaf has earned recognition—including being named one of TIME’s 100 Most Influential Companies—and continues to expand through strategic acquisitions and investment in EU-GMP facilities and consumer education initiatives.

Cresco Labs (US)

Cresco Labs is a leading publicly traded, vertically integrated cannabis operator in the US, active across eight states with 13 production facilities and 71 Sunnyside dispensaries. Founded with the goal of “normalizing and professionalizing cannabis," it manages the entire seed-to-sale process—from cultivation and manufacturing to packaging and distribution. Its portfolio includes proprietary brands such as Cresco, High Supply, FloraCal, Good News, Wonder Wellness, Mindy’s, and Remedi, all tailored for diverse consumer needs. Cresco emphasizes top-tier agronomy, standardized cultivar processes, and data-driven operations to ensure quality, purity, and consistency. The company also spearheads industry-wide social equity initiatives through its SEED program, promoting inclusion and creating opportunities for communities impacted by cannabis prohibition.

Market Ranking

The cannabis market is competitive, with five leading players collectively holding 30-45% of the total market share. Companies are focusing on expanding their production facilities, forming deals and partnerships, and launching products to grow their business and, in turn, their market share. In November 2024, Canopy Growth introduced Claybourne's Frosted Flyers infused pre-rolls in Canada, offering high-potency formats with premium indoor flower, THCa coating, and terpene enhancement. In April 2025, Tilray introduced Good Supply medical cannabis pastilles in Australia, signaling a strategic push into the Australian medical cannabis market through product innovation under its Good Supply brand. The remaining 55-70% of the market is shared among other regional and emerging vendors, contributing to extensive fragmentation and offering opportunities for smaller players to establish a footprint. Market competition is driven by expanding legalization, product innovation, pricing strategies, brand differentiation, and rapid market consolidation through mergers and acquisitions.

Related Reports:

Cannabis Market by Compound Type (THC-dominant, CBD-dominant, Balanced THC & CBD), Product Type (Flowers/Buds, Oil/Tinctures, Edibles, Topicals, Other Product Types), Application (Medical Use, Recreational Use, Industrial Use, Nutraceutical & Wellness Use, Cosmetics & Personal Care Use), Source (Hemp, Marijuana) and Region - Global Forecast to 2030

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