For anyone interested in cannabis, whether an investor or a consumer it might be a good idea to become familiar with these names and brands. They can be a major indicator of where the cannabis industry is headed. These companies are conducting business in multiple states, with multiple licenses to operate within legalized medical and adult-use recreational markets. As such they are often referred to by the acronym MSOs (multi-state operators).

The major focus for these cannabis companies is on providing avenues for health and wellness to individuals and offering opportunities for people to have fair access to top-grade, lab-tested cannabis products. Beyond that, they look to bring value and increase profit for all stakeholders.

Cresco Labs

Cresco Labs (CRLBF) is based in Chicago, Il. This company has a massive footprint because they have concentrated on scaling product lines. Their products are offered in over 700 dispensaries across the nation. Cresco operates 24 dispensaries under their 1st national retail brand called Sunnyside.

Their brand portfolio includes its house brand Cresco, Reserve, Remedi, Good News and offers a gourmet edible selection called Mindy's. They offer a value line called High Supply and recently launched a low-dose edible line called Wonder Wellness focused on enhancing daily wellness routines.

Curaleaf Holdings

Curaleaf Holdings (CURLF) is headquartered in Massachusetts. They have continued to expand into markets across the U.S. Located in 23 states as of now, with 108 owned and operated dispensaries, 23 cultivation sites, and 30 processing facilities.

Their brands and product lines include Curaleaf, Curaleaf Hemp, Select Cannabis, and UKU. For the beginner to the advanced consumer, products in various formats are available. Some of these include CBD hemp-based lines and cannabis flower, prerolls, concentrates, topical treatments, and vape products.

Trulieve

Trulieve (TRUL) is based out of Florida. Most of its 100 dispensaries are located in Florida. They have been expanding outside Florida recently and are the first cannabis company to launch sales of clones in Massachusetts.

Their brands include the Cultivar Collection which consists of small-batch, hand-trimmed premium flowers. Muse is their brand of concentrates and vape products. Sweet Talk is their premium edible line and Momenta offers holistic approaches for beginners and everyday care.

Green Thumb Industries

Green Thumb Industries (GTIL) Also, known as GTI, is the 2nd largest MSO, tracking only behind Curaleaf. They are in 14 states. They operate 62 retail stores under the national retail chain of Rise Dispensaries.

Brands in GTIs portfolio are Dr. Solomon's, a union of science and nature in medical cannabis. incredible's, an edible confection line. Rythm, premium flowers, vapes, and concentrates.  Feel Collection botanical lozenges and tinctures. Dogwalkers, pre-rolls that carry just enough for a relaxing walk around the block with your dog. Beboe, pure and potent cannabis rolled up in elegant stylish packaging.

Innovative Industrial Properties

Innovative Industrial Properties (IIPR) This is a real estate investment company that has an objective to invest in greenhouses and industrial facilities for the medical cannabis industry. These are mainly lease and buyback programs that benefit the real estate company and cannabis firms.

Founded in 2016, IIPR has accumulated 73 properties. They have a 100% occupancy rate. The stock's dividend has exploded 460% since the start of 2016. (according to Kiplinger's Industry Outlook 2021) This company is expected to increase its lease and buyback program as cannabis continues to grow in popularity.

Summary of Growth and Legalization

These are but a few of the fast and growing companies dominating the cannabis industry. This industry is constantly evolving and growing. Mergers and acquisitions are the names of the game.

The legal cannabis industry is in its infancy in the United States. Legal frameworks and regulatory compliance issues are still being ironed out at the state and municipal levels. The state of the industry is one of growth. With more states legalizing for medical purposes or adult use, legal cannabis is here to stay.

Political parties are becoming more accepting of cannabis. People are looking at the revenue that cannabis could contribute to governmental agencies with taxation and licensing fees. Research is being opened up to garner health benefits and ensure public safety.

Now that cannabis is being researched, legalized, and commercialized it should continue to gain steady growth. Large companies will act on mergers and acquisitions to increase their footprint. Federal legalization seems to be a foregone conclusion.

Written by Teresa Martin, Copywriter: Cannabis, Hemp, Medical

TAGS: