These Are the Biggest Weed Companies in the US

Cannabis Giants
Nicole Richter / Updated on April 10, 2018

These Are the Biggest Weed Companies in the US

The November 2016 election brought us many changes throughout the world of cannabis – on both a medical and recreational level – which are finally beginning to truly take effect now that 2018 is steadily moving forward. Currently, 9 states plus the District of Columbia recognize marijuana as legal for recreational use: these include California, Oregon, Washington, Alaska, Colorado, Maine, Massachusetts, Nevada and Vermont. Another 29 states, plus the District of Columbia, Guam and Puerto Rico, recognize marijuana as legal with a doctor’s recommendation, which has become known as medical marijuana.

The recreational legalization in particular has sparked an immense trend of financial investment in industries related or tied to cannabis production, manufacturing, and more. The businesses making the highest profits out of cannabis legalization in the United States do allow individuals to buy stocks, and this aspect of the stock market is actually somewhat of a hidden gem, as not many understand yet just how successful the marijuana aspect of the stock market is expected to become.

Keep reading to discover the biggest weed companies currently in the US…

Recreational Marijuana: An Immensely Profitable Yet Understated Industry:

Investors and savvy businessmen alike are finally started to take notice of the cannabis industry, with the recreational sales of United States cannabis products estimated at $6.1 billion in 2017 alone. The more impressive thing, however, is that this number is projected to increase to around $13.7 billion by 2021 – possibly amassing to even larger amounts. A select few manufacturers in particular have been at the forefront of company expansion, growing massively in the past year or two. Naturally, then, these are certainly the ones we should be keeping our eyes on and possibly even considering for near-term future investments…

1. Scotts Miracle-Gro Co. (NYSE: SMG):

Known as an American multinational corporation based out of Marysville, Ohio, Scotts Miracle-Gro began by selling lawn seed way back in 1868. Since then, they have expanded into numerous other facets of the yard and gardening sector. Although not directly related to marijuana, Scotts Miracle-Gro Co. limits its relationship to the cannabis industry primarily by appealing and tailoring to hydroponic growers, causing SMG to become trusted for many indoor grower’s supply needs.

With a 2017 Market Cap of $6.15 billion and a 2017 share price growth of +18.4%, Scotts Miracle-Gro Co. is only expected to rise higher in terms of its upward trend of growth. Also, as more individuals determine the occupation of cannabis production a profitable one (and as states continue to recreationalize marijuana), there is a likely chance that the company SMG will grow right alongside the industry.

2. Cannabis Science Inc. (OTCPK: CBIS):

Labelled as a biotech company and based out of sunny and science-forward Irvine, California, Cannabis Science Inc. primarily focuses on the development and production of cannabinoid-based therapies, so that those in need may achieve a greater quality of life. They mostly sell marijuana-based recreational and pharmaceutical products, and are constantly expanding their locations and product development techniques.

With a 2017 Market Cap of $253 million, CBIS is expected to achieve amazing things in both the short and long-term, and are highly regarded to reach new, previously-thought impossible heights. Some of the most brilliant minds in biotech are employed by this corporation, and they serve in all facets of its rapidly expanding laboratory locations.

3. Medical Marijuana Corp. (OTCPK: MJNA):

Known as the first public company to break into the industrial hemp and legal cannabis markets, Medical Marijuana Corp. has around 85 employees and is based out of beautiful San Diego, California. It is a holding company that is linked with subsidiaries, all of which are either producers, manufacturers or vendors of hemp and cannabis-derived products. MJNA’s products vary and range from extracts and seeds, to stalks and patented cannabinoid products.

MJNA’s 2017 Market Cap landed at $480 million, and it is estimated to reach a revenue estimate of around $23.6 million during 2018. Much evidence suggests that Medical Marijuana Corp. is certainly a company to keep your eyes on and monitor closely in the coming months and years.

4. Terra Tech Corp. (OTCQX: TRTC):

A company that focuses on cannabis and its agricultural techniques and methods – specifically with means of cultivation in mind – Terra Tech Corp. is based out of Irvine, California and primarily manufactures hydroponic equipment that makes it possible for marijuana growers to plant their crops using water rather than soil. It consists of a whooping 175 employees (a large amount for such a small-scale company), and sometimes sells its products to Fortune 500 companies, in addition to farmers and greenhouses directly.

With a 2017 Market Cap of $300 million, TRTC has a 2018 revenue estimate of around $40.4 million, which means the trend will hopefully only continue to grow as time passes by.

5. GrowLife Inc. (OTCMKTS: PHOT):

GrowLife Inc. is considered one of the top nationally recognized cultivation brands, and is based out of scenic Kirkland, Washington. They primarily supply urban and commercial operations with everything that they’d need to grow cannabis successfully and effortlessly. This includes supplying top-of-the-line lighting, nutrients, hydroponic equipment, media and more. Currently, they have thousands of various partners globally, and are using sustainable manufacturing practices – a technique that nowadays is certainly not overlooked by investors.

With a 2017 Market Cap of $58 million, GrowLife Inc.’s projected revenue is $1.8 million for 2018, which means it is clearly a successful company, yet the fact that it is still growing and moving upwards makes it a smart small-scale investment that is not yet too famous (and consequently too expensive) to become a shareholder of.

6. GreenGro Technologies Inc. (OTCMKTS: GRNH):

Based out of Anaheim, California, GreenGro Technologies Inc. is a mass supplier of all-green and eco-friendly technologies for cannabis cultivation and production. GRNH very much serves a popular niche market – one that tailors to those who want to grow marijuana but would simultaneously like to keep the environment in mind. In addition to serving the marijuana market, GreenGro’s systems and products can also suffice for those who simply want to cultivate fruits or vegetables in a compact and “green” manner. They offer a unique range of products, from vertical gardens and hydroponic gardens, to greenhouses, extraction labs, grow rooms, and solar systems — all options that try to leave the smallest carbon footprint possible.

With a 2017 Market Cap of $26 million, GreenGro Technologies is expected to earn another $800,000 in 2018, and although this may not seem like a lot, GRNH is a unique investment because even if the cannabis industry doesn’t continue to expand (which is unlikely), this eco-friendly company does sell plenty of their products to gardeners of other crops who have sustainability in mind.

Final Thoughts:

Whenever dealing with the stock market, it’s important to exercise max caution when deciding where to place your investments – especially when it comes to very small companies like a few of the ones listed above. These stocks are known as penny stocks, which means they’re absurdly fragile and volatile, and one that has done well for a while could suddenly take a deep dive in a downwards direction. Therefore, invest in stocks at your own risk — especially if they’re penny stocks.

If you’ve been debating which marijuana related companies to keep an eye out for in the future, or even to go the next step and actually invest in, then this article hopefully can serve as your go-to guide to determine which corporations to keep on your radar. Aside from these 6 mentioned options, however, numerous others exists within the US, and even more can be found further north in the Canadian market.

We hope you not only found this article to be entertaining, but also educational and informative. It is important to remember that the consumption of cannabis is the sole responsibility of the user and discretion should always be taken.

These Are the Biggest Weed Companies in the US
April 10, 2018
4.8 1
1 comment
  1. Howard
    Readers Need to Consider two of the biggest US Companies

    Nicole,
    I think you left out two of the bigger US cannabis companies. MariMed and MedMen are right under Scott’s Miracle Grow in terms of market cap. Are you aware of these two companies?

    Thanks

Leave a Reply

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