THE BIG
FIVE
Medical or recreational , cannabis is big business . While more and more brands enter the market , five big hitters continue to dominate .
Words by Gordon Stribling , Assistant Editor
The global legal cannabis market is projected to reach $ 73.6 billion ( USD ) by 2027 , according to a recent report by Grand View Research . CBD , medical cannabis , recreational cannabis and pharmaceuticals have made cannabis investment a hot prospect . Here is a rundown of the five big names currently leading the pack .
GW PHARMACEUTICALS
Founded : 1998
CEO : Justin Gover
2019 revenue : $ 311 million ( USD ) Headquarters : Cambridge , UK
Subsidiaries : Greenwich Biosciences , Inc , GW Research Ltd . The UK is one of the biggest producers of medical cannabis in the world , exporting 95 tonnes in 2016 alone . This British pharmaceutical giant has developed the only two cannabis-based medicines that are available on the NHS : Sativex , for multiple sclerosis patients and Epidyolex ( Epidiolex in the US ) for two rare types of epilepsy .
CANOPY GROWTH
Founded : 2013 ( as Tweed Marijuana , Inc .)
CEO : David Klein
2019 revenue : $ 253 million ( CA )
Headquarters : Smiths Falls , Canada
Subsidiaries : Spectrum Therapeutics . Canopy produces both medical and recreational cannabis . It operates 10 licensed production sites and has operations in
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