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Examples of Key Marijuana Companies in the Legal Pot Industry

Nowadays, the marijuana business has become very successful. Some of the key investors in this business are making a real kill. You should note the investors in this line of operation have utilized this opportunity to better their business. Below is a list of the main marijuana companies that every trader is talking about in the marketplace.

Canopy Growth Corp is one of the top marijuana companies that investors are talking about in the market. This marijuana company enjoys a net worth of over $11.5 billion. The Canopy is apparently is capital of the cannabis investment. It rose to the top after key producers for Corona as well as Modelo beers purchased approximately 104.5 million canopy shares. Last year, this company shocked the world when its recorded a $4 billion profit, sowing a seed of hope in investors of quick expansion in the future. This year, this company is expected to become instrumental in acquisitions, improve its product portfolio as well as it is their brand.

Tilray is the next hint of a big cannabis company in the market. This company is worth over $10.3 billion. Despite the fact that this company went public just the other day, it is doing so well. By September, this cannabis giant had a market cap of $28 billion. Most investors enjoyed during this periods because of the increased costs of borrowing. In fact, many investors were hopeful that this market giant could invest in tobacco as well as beverage industries. Though this did not happen at the end of the day, Tilray benefited from deeper market penetration. This year, Titray plans to improve its cannabis production as well as enter international markets.

Another hint of a major company in the cannabis market is Aurora Cannabis. With its net worth of $5.9 billion, Aurora is expected to take over the market leadership in terms of the production of the product. This year alone, Aurora is set to get a production mark of 700,000 kilograms. The company is managed by partners in this market niche. The Aurora Cannabis is expected to be among the key competitors of Canopy Growth Corp this year.

Besides, another hint if a big cannabis company in the market today is GW Pharmaceuticals. This company enjoys a network of over $3.9 billion and becomes the first CBD drug manufacturer to rank as a key contender. It is worth noting that GW Pharmaceuticals has a market cap of almost $4 billion. GW Pharmaceuticals hit the headlines last year in the U.S when it was approved by FDA for its production of Epidiolex. Curaleaf Holdings, Aphria, and Green Thumb Industries are some of the other top marijuana companies in the market.