2023 will be a pivotal year for the cannabis industry, as the number of cannabis companies operating on a global scale continues to expand and the legal climate surrounding the drug continues to change. We’ve taken a look at the ten biggest cannabis stocks in 2023, and while the list doesn’t include every company with a presence in the sector, it certainly offers a good overview of the biggest names in the business.
Topping the list at number one is Aurora Cannabis, one of the largest cannabis companies in the world. Aurora is a Canadian-based producer of medical marijuana with operations in eight countries. They have two primary businesses: the production and sale of medical marijuana products, and the production and sale of cannabis-infused beverages. Their focus on clinical-grade cannabis has positioned them as one of the top picks in the industry, with a promising future.
Coming in at number two is Canopy Growth Corporation, another major contender in the cannabis market. Canopy is active in both medical and recreational marijuana, producing and distributing a variety of products. They are a leader in the industry with their pharmaceutical-grade products and a focus on product diversification. They have operations in a number of countries, including the U.S., and are one of the few organizations to be listed on the NYSE and the TSX.
The Cronos Group takes the third spot in the list. The Canadian-based company is a leader in cannabis genetics development, and has created a number of products that have revolutionized the industry. Their proprietary cannabis strains are highly sought after and are driving the growth of the company. They also have investments in several cannabis companies which are ensuring their position in the industry.
The next on the list is Tilray, an American company that produces and distributes a variety of cannabis products. Their goal is to make cannabis a mainstream product, offering products such as capsules, beverages, and tinctures to customers. They have recently begun experimenting with marijuana-infused food products, something that could potentially change the cannabis industry for good.
Rounding out the list at number five is Innovative Industrial Properties, which is quickly becoming one of the most popular names in the cannabis industry. They specialize in real estate investments to help cannabis companies acquire prime locations to set up shop. They also own several properties themselves and rent them out to cannabis companies.
The last five companies on the list are Abbvie, Aphria, Inc., Cannex Capital Holdings, Eviana Health Corp., and Tilray. Each of these companies has something unique to offer, from Abbvie’s research into cannabis derivatives to Cannex Capital’s expertise in extraction and infusion technology.
2023 promises to be an exciting year for the cannabis industry. As the legal environment surrounding the drug continues to evolve, these ten companies are sure to be some of the biggest players in the sector. With so much potential for growth, it will no doubt be a year to remember.
