Upon legalization, the growth of the cannabis industry has been unreal. There have been so many players in the industry, all working assiduously to raise and set standards. While it remains a peculiar industry, with most of its growth witnessed in countries like Canada and Uruguay, it’s worth knowing more about the substance.
As of now, the market of Cannabis in the United States is fast growing. It’s one of the most commonly used psychoactive product out there. From the moral standpoint, as well as the fact that the substance is previously illegal, you’ll probably be surprised it’s now accepted by the law.
There are so many things that remain unknown about cannabis and the major players in the industry. Hence, this brief article aims to shed light on the characteristics of the substance, as well as the top companies shaping the industry by the day.
Characteristics of Cannabis
There are three basic species of the Cannabis family. There is the Cannabis sativa, Cannabis indica and Cannabis ruderalis. This variation is the great thing about cannabis. Not one marijuana type is exactly the same as the other. Beyond these types, they also have gender variations of the plant. There are the male and female varieties. Other factors that differentiate the types of cannabis are height and width.
Inside of cannabis, there are about 120 components. These components, together, are known as cannabinoids. The functions of most of these substances contained therein remain unknown. However, the components called cannabidiol (CBD) and tetrahydrocannabino (THC) have known effects.
CBD: Ironically, this particular substance, as found in cannabis, won’t get you high. Despite being a psychoactive substance, it is non-intoxicating. Most times, it is medically administered to reduce inflammation and pain. Other functions it perform include; easing nausea, migraine, anxiety and seizures. While these functions are known, researchers are still extensively working on this component to discover more of its medical use.
THC: This, on the other hand, is the substance that gets you high upon the usage of THC. It is a psychoactive substance and highly intoxicating.
The identification of these components and their effects results in variations of cannabis. You can get cannabis devoid of either of CBD or THC, or contains both in varying percentage. You simply need to choose your choice.
Top 5 cannabis companies
As explained earlier, there are several companies rising fast in the new industry. Investors are critical about getting the returns characteristic of the billion-dollar industry. These huge investments in the industry has led to the growth of these top 5 companies.
Based in Massachusetts, this company has numerous dispensaries in about 18 states of the country. It is one of the country’s biggest marijuana companies on the account of sales. The chairman of the company claims the company has exceeded the $1billion mark in revenue.
This is an example of a non-cannabis company getting involved in the industry. Arena is a biopharma company that was founded in 1997. It mainly manufactures painkiller for Crahn’s disease. Getting involved in the marijuana business has helped it see its valuation at about $4billion.
Green Thumb Industries
With a market valuation of $5billion, Green Thumb is one of the few marijuana companies that is publicly traded. Though it had rocky periods, the past year has seen it experience enormous growth.
Scotts Miracle-Gro company
They have been in business since 1868, mainly dealing with soil and flower pots. However, upon the legalization of cannabis, they have been able to act fast to get their share of the market.
This is another marijuana company currently valued at over $1billion. Though based in Florida, the company is listed on the Canadian stock exchange. The company has been able to establish its base, and is currently growing its dispensary network across the country in states like Connecticut, California and Massachusetts.
Since the industry is in its growing stage, you shouldn’t expect to see large corporations and unicorns just yet. However, so far, events have only pointed to the fact that the industry is rising fast, and there is no better time to get involved than now.