Top marijuana companies based on market capitalization 2023

Among marijuana companies that trade on major exchanges, Curaleaf and Tilray, a U.S. and a Canadian company, respectively, are the top two marijuana companies based on their market capitalization. As of begin of 2023, Curaleaf had a market capitalization of some 2.6 billion U.S. dollars.

The legal marijuana industry

U.S. sales of legal cannabis have increased significantly in recent years. The increase in sales of legal cannabis can, among others, be attributed to the legalization of recreational cannabis in California (2018) and other U.S. states.

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. The most favored form of cannabis among U.S. consumers is 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 October 2021 suggests that more than two thirds of U.S. adults think that marijuana should be made legal.