Medical marijuana or medical cannabis is procured from the cannabis plant to treat various health conditions and symptoms. It comes in similar formats as recreational marijuana. However, medical-grade cannabis is highly purified and lab-made versions prescribed for certain health conditions.
The marijuana plant has more than 100 inherent chemicals known as cannabinoids. Every chemical has a different impact on the body. Delta-9-tetrahydrocannabinol (THC) and cannabidiol (CBD) are the most important chemicals used in the medical cannabis market. The market for medical-grade cannabis is booming exponentially globally with necessary government approvals.
According to a report by Extrapolate, the global medical marijuana market revenue is projected to grow to USD 48.27 billion by 2030, exhibiting a CAGR (compound annual growth rate) of 22.45% between 2023 and 2030.
Various manufacturing companies cultivate, process, and sell medical cannabis to treat various health conditions. In this blog, let us have a look at the top 10 medical marijuana vendors.
Top 10 Medical Marijuana Suppliers in 2024
Here is the list of the best companies that grow, procure, process, and distribute top-quality medical-grade marijuana products:
1. Curaleaf Holdings, Inc.
Curaleaf is a pioneer supplier of cannabis consumer products with an aim to enhance lives by offering clarity and confidence around cannabis consumption. The company functions as a vertically integrated medical and wellness cannabis manufacturer. It has brands, including Curaleaf, Select, and Grassroots, that offer industry-leading services to select the best products and accessibility for medical and adult-use cannabis markets.
Curaleaf utilizes its expert research and development capabilities to develop a medical marijuana supply chain that ensures top-notch safety, effectiveness, customer care, and quality. The company has an expert team of medical experts, pharmacists, physicians, and industry innovators. These teams work cohesively to develop an extensive portfolio of Cannabis-based therapeutic offerings in various formats. It has a strategic network of branded retail dispensaries to distribute the products to its clients.
Head Office: Wakefield, Massachusetts, United States
Employee Size: 5001-10000
Established: 2010
Revenue Size: USD 1.35 billion dollars
Operational States: New York, New Jersey, Florida, Illinois, Pennsylvania and Massachusetts
2. Trulieve Cannabis Corp.
Trulieve Cannabis Corp. was established in British Columbia, Canada. The company is a vertically integrated cannabis organization with a vast range of medical cannabis products. It cultivates, produces, and sells marijuana for medicinal and adult use. Trulieve provides its products through an extensive dispensary network and plans to continuously expand its operations. Trulieve's product range includes flowers, concentrates, edibles, topicals, capsules, and tinctures. The company also puts a strong emphasis on patient education and community engagement. It organizes events and provides resources to assist patients in understanding the advantages and use of medical marijuana.
Head Office: Tallahassee, Florida, United States
Employee Size: 5001-10000
Established: 2016
Revenue Size: USD 1.1 Billion
Operational States: Florida, Massachusetts, California, Connecticut, Pennsylvania and West Virginia
3. Green Thumb Industries Inc. (GTI)
Green Thumb Industries Inc. is a national cannabis grower, processor, and dispensary operator. The company started its operations in 2015 after receiving a medical marijuana license for growing, processing, and selling cannabis. It distributes its products through company-owned retail stores and third-party retail stores. These dispensaries provide a handpicked selection of GTI-branded products, with an emphasis on quality and patient education. It also offers services such as home delivery and virtual consultations to improve patient accessibility and convenience.
Head Office: Chicago, Illinois, United States
Employee Size: 1001-5000
Established: 2014
Revenue Size: USD 1.1 Billion
Operational States: California, Colorado, Massachusetts, Nevada, New Jersey, New York, Ohio, Connecticut, Florida, Maryland, and Pennsylvania
4. Cresco Labs, Inc.
Cresco Labs is a vertically integrated marijuana operator that acts as a catalyst for the medical cannabis industry. The company was established in the Province of British Columbia with a license to grow, produce, and sell medical marijuana. It primarily focuses on the business of growing medical-grade cannabis and developing a medical-grade product portfolio procured from marijuana cultivation. Cresco Labs distributes its products in the legalized cannabis markets, such as medical-grade products. The company puts a strong emphasis on regulatory compliance while developing condition-specific strains of marijuana. It has non-invasive delivery methods to offer controlled-dosage medicinal marijuana to give relief to qualified patients.
Head Office: Chicago, Illinois, United States
Employee Size: 1001-5000
Established: 2013
Revenue Size: USD 782.2 Million
Operational States: Illinois, Pennsylvania, Ohio, California, Nevada, Arizona, Maryland, Massachusetts, New York and Michigan
5. Canopy Growth Corporation (CGC)
Canopy Growth, also known as Tweed Marijuana is a marijuana consumer product organization that produces medical cannabis to enhance lives. The company has a diversified portfolio that offers curated cannabis products in dried flower, oil, and soft gel capsule formats. Through its pharmaceutical division subsidiary, Spectrum Therapeutics, Canopy Growth Corporation, manufactures and sells full-spectrum and single-cannabinoid medical marijuana products. It provides training, resources, and support initiatives for patients and healthcare professionals. The company, through its extensive research and development programs, has developed a robust portfolio of intellectual property with pre-clinical and clinical evidence to assist cannabinoid-based medicines.
Head Office: Smiths Falls, Ontario, Canada
Employee Size: 1001-5000
Established: 2014
Revenue Size: USD 263.8 Million
Operational States: Canada
6. Aurora Cannabis Inc. (ACB)
Aurora Cannabis is a medical marijuana manufacturer that offers its patients high-quality products, exceptional customer service, and cost-friendly options. The company has a license to manufacture, distribute, and sell consumer and medical cannabis products in the Canadian market. It also has permission to sell its medical cannabis products in the European Union (EU) and hemp-derived CBD products in the United States (U.S.) market.
Head Office: Edmonton, Alberta, Canada
Employee Size: 1001-5000
Established in: December 21, 2006
Revenue Size: USD 156.7 Million
Operational States: Canada and Internationally
7. Jazz Pharmaceuticals (JAZZ)
Jazz Pharmaceuticals is a leader in manufacturing specialty pharmaceuticals that determines, develops, and commercializes unique treatments. Through its subsidiary, GW Pharmaceuticals, the company offers cannabinoid-based medicines. Epidiolex and Sativex are medical marijuana products offered by the company that are approved for medicinal use by multiple regulatory agencies. The company continues to develop and commercialize cannabinoid-based medicines with an emphasis on ensuring stringent clinical testing, regulatory approval, and high production standards.
Head Office: Palo Alto, California, United States
Employee Size: 501-1000
Established: 2003
Revenue Size: USD 3.8 Billion
Operational States: California, Colorado, New York, Florida, Illinois, Maryland, Canada, and a few countries in the European Union.
8. Medical Marijuana, Inc.
Medical Marijuana, Inc. is a publicly traded holding company and a key player in the medical marijuana market. It has a vast range of products that emphasize the health advantages of cannabidiol (CBD) and other cannabinoids. The company has manufactured and marketed multiple CBD-rich hemp oil products that cater to the pharmaceutical, nutraceutical, and cosmeceutical sectors. CBD capsules, CBD tinctures, and hemp foods are a few of the key products the company distributes. Kannaway, HempMeds, and Kannalife Sciences, among others, are a few subsidiaries of Medical Marijuana, Inc. The company focuses on research and development to advance cannabinoid-based therapeutics for conditions such as Chemotherapy-Induced Peripheral Neuropathy (CIPN) and Hepatic Encephalopathy.
Head Office: San Diego, California, United States
Employee Size: 51-100
Established: 2003
Revenue Size: USD 33.4 Million
Operational States: U.S., Latin America, with notable health authority approvals in countries like Mexico and Brazil.
9. Verano Holdings Corp.
Verano Holdings Corp. is one of the leading U.S. cannabis companies that sells a wide range of adult-use and medical marijuana products. The company distributes products through its Zen Leaf and MUV dispensaries. It has multiple cultivation and processing facilities to produce flowers, extracts, edibles, and topicals. Verano, Essence, MUV, Savvy, BITS, Encore, and Avexia are a few subsidiaries through which Verano offers high-quality cannabis products.
Head Office: Chicago, Illinois, United States
Employee Size: 1001-5000
Established: 2018
Revenue Size: USD 938 Million
Operational States: Arizona, Arkansas, Connecticut, Florida, Illinois, Maryland, Massachusetts, Michigan, Nevada, New Jersey, Ohio, Pennsylvania, West Virginia
10. TerrAscend Corp.
TerrAscend is a premier cannabis operator in North America with vertically integrated licensed operations. The company has a retail chain of The Apothecarium Dispensary with advanced growing, processing, and manufacturing facilities throughout the U.S. It has effective cultivation and production practices to grow consistent, top-quality cannabis for both adult use and medical marijuana markets. TerrAscend operates its businesses and brands through various subsidiaries.
Head Office: Mississauga, Canada
Employee Size: 501-1000
Established: 2017
Revenue Size: USD 276.8 Million
Operational States: Pennsylvania, Maryland, New Jersey, and California, Canada.
Enhancing Patient Care
The medical cannabis market is expected to grow at an exponential rate because of the immense benefits it has on patients' health conditions. The government heavily regulates this market. Hence, it is crucial to select a vendor that has all the necessary compliance requirements to cater to the legalized cannabis market for medical use. This blog can serve as a guide for healthcare professionals to select the best medical marijuana provider for their pharmaceutical requirements.
