Cannabis culture is no longer relegated to hippies, stoners, and other societal fringes. It’s going to be as mainstream as alcohol or tobacco soon enough, whether we like it or not.
In this article I’ll talk about the top public cannabis companies you should know. Whether you plan to invest or whether you’re just interested in who the major players are there will be something interesting in here for everyone.
Companies Usher in the Future of Cannabis
For those of you that have seen The Layer Cake, a fun tale about the drug dealing business that came out in 2004, you know that “the key to business is being a good middleman.”
Well, CannaRoyalty is taking that mantra to heart. Although they are based in Canada, they’ve been gobbling up distribution companies and infrastructure in California in preparation for probably the biggest cannabis market in the world. After all, California alone is the fifth biggest economy in the world, and it has the potential to move more marijuana than the entirety of Canada.
One of the most important conditions under Canada’s legalization of marijuana was that marketing and packaging of cannabis products must follow strict regulations. What you can say in an advertisement, where you can advertise, what you can say on the package, what the package can look like... There are even stipulations about how colorful and eye-catching a box or bottle containing cannabis products can be.
Navigating this complicated legal environment is paramount to the success of a Canadian cannabis company and Kush Bottles has positioned themselves as the go-to expert in marketing, packaging, and branding of cannabis products.
Tilray is an important player in the cannabis market, not least because it was the first cannabis company to go public on a major U.S. exchange. As Chief Executive Brendan Kennedy told MarketWatch, their successful IPO on the Nasdaq was a validation for the overall industry.
If Brendan Kennedy sounds familiar it’s because we talked about him in an article called 10 People Leading The Way for Cannabis in 2019. Check it out if you want to know even more about Tilray and their CEO Brendan Kennedy.
After Tilray Inc.’s successful IPO, others followed, taking the necessary steps in order to be traded on U.S. stock exchanges, the most notable of which is Aurora Cannabis. They’re the largest grower in Canada, on pace to produce more than 400,000 kilograms of pot per year, and that’s if they don’t acquire MedReleaf, which grows more than 100,000 kilograms by itself. Aurora Cannabis trades on the New York Stock Exchange, a claim that few Canadian cannabis companies can make but more are moving to list their stock on a major U.S. Exchange like the NYSE or the NASDAQ.
Canopy Growth Corporation
Aurora Cannabis appears to be the number one Canadian producer (for now) but Canopy Growth Corporation is not far behind. Although they have not released a definitive number on what they’re full production capacity is, analysts at The Motley Fool estimate it around 500,000 kilograms.
Unlike Aurora, which is focused mainly on the medical market domestically and abroad, Canopy Growth Corp. hopes to hit both medical and recreational markets.
Cannabis companies plow forward despite regulatory uncertainty
It being a brand new industry, there’s a high likelihood that the major players in the cannabis business will change in the coming years, along with the possibility that ownership of this and that company shuffles around between established companies and new entrants.
Nonetheless, the 5 companies above are certainly leading the charge and are likely to be major players for years to come.
Read this next: The Relationship Between Cannabis and Tech