skip to Main Content
7 Marijuana Companies That Could Win the American Market

As more and more states legalize marijuana, American companies are racing to establish multi-state cannabis empires. It is still illegal under federal law, so exchanges like the New York Stock Exchange and Nasdaq aren’t an option for these outfits. Seven of the multi-state chains have raised war chests and listed their stocks on the Canadian Securities Exchange. Their shares also trade in the U.S. on the OTC Market.

Most of these American marijuana merchants aren’t yet profitable, as they pour cash into growing operations, storefronts, and their house brands. But if you want to build a bracket for this Reefer March Madness, check out the contenders below, in order of stock market capitalization.

You can read more in this week’s cover story on the American marijuana industry.

Curaleaf

Curaleaf Holdings (CURA.Canada and CURLF.OTC) was launched by two fellows who got rich in Russia’s transition to capitalism—Boris Jordan and Andrei Blokh. It has deep pockets to make acquisitions and extend its dispensary network beyond the 13 states where it is licensed to open up to 61 shops. So far, 42 are up and running. It lost $41 million on sales of $55 million in the nine months ended September 2018. [Read more at Barron’s]

This Post Has 0 Comments

Leave a Reply

Your email address will not be published. Required fields are marked *

Recent Stories

CDTFA Cannabis Creditor: Myths and Truths

By Hilary Bricken, Attorney at Husch Blackwell Dealing with creditors is never a fun experience. However, some creditors are more severe than others, especially in the cannabis industry. One of…

If FL Supreme Court approves cannabis ballot language, will voters go for recreational weed or not?

The long wait on whether Floridians will get a chance to vote to legalize recreational cannabis for adults 21 and older is almost over, as the Florida Supreme Court is…

Missouri strips marijuana licenses connected to company accused of predatory behavior

Missouri’s health department on Wednesday stripped two coveted marijuana micro-licenses tied to an out-of-state company that had been accused of predatory practices and had listed the licenses for resale. The…

Dug In: Big Island Grown’s Deep Cannabis Roots

Big Island Grown (BIG) is a vertically integrated cannabis company based in Kailua-Kona, Hawaii County, on the Big Island of Hawaii, whose reach now extends to several islands in the…

More Categories

Back To Top
×Close search
Search