A recent study revealed Highest-Earning Cannabis Companies Around the World in 2024

Hemp-derived products seller Biowellnessx.com found that in 2024, Ireland’s Jazz Pharmaceuticals ranked first in the global cannabis industry with a revenue of $3.7 billion. It boasted a remarkable revenue per employee of approximately $1.3 million, ranking third among the per-employee earnings.Among American companies, Curaleaf Holdings stands out with a revenue of $1.3 billion, while Agrify tops the list for revenue per employee, earning an astounding $2.1 million per employee.

Hemp-derived products seller Biowellnessx.com analyzed recent growth in the cannabis industry and employed a three-step approach: identification of industry leaders, data collection and analysis, and efficiency evaluation to find the Highest-Earning Cannabis Companies.

Jazz Pharmaceuticals from Ireland leads the industry with $3.7B in revenue and $1.3 million in revenue per employee with a workforce of 2,800, reflecting significant market influence.

Curaleaf Holdings ranks second globally with $1.3B in revenue and $225.3K revenue per employee, boasting a workforce of 5,931, highlighting its pivotal role in industry revenue.

Trulieve Cannabis, another US-based company, secures third place with $1.2B in revenue and $163.1K revenue per employee, demonstrating a strong market presence with 7,600 employees.

Green Thumb Industries, also based in the US, ranks fourth with $1.0B in revenue, the largest workforce of 3,763, and $270.6K revenue per employee, emphasizing its extensive operations.

Verano Holdings, another US company, holds the fifth position with $879.4M in revenue and $232.6K revenue per employee from a workforce of 3,780, showcasing its efficiency amidst industry giants.

Cresco Labs from Canada ranks sixth, contributing $842.7M in revenue with $263.3K revenue per employee, indicating high productivity and efficiency.

Tilray, seventh-ranked and US-based, adds $769.3M to industry revenue with $427.4K revenue per employee from a workforce of 1,800, reflecting its significant role in market growth.

Jushi Holdings from Canada, ranking eighth, contributes $544.1M in revenue with $366.2K revenue per employee from 1,486 employees, demonstrating efficient operations and market position.

Columbia Care, ninth-ranked from Canada, reports $511.6M in revenue with $197.8K revenue per employee from a workforce of 2,586, showcasing its significant contribution to industry revenue.

Ayr Wellness, ranking tenth in the US, adds $465.6M to industry revenue with $202.4K revenue per employee from a workforce of 2,300, highlighting its strong presence and operational efficiency.

Leading US cannabis company with $1.3 billion revenue and global rank 2, operating with 5,931 employees across extensive US operations.

Second in the US with $1.2 billion in revenue and largest US workforce of 7,600 employees, securing a top 3 global position.

Third in the US and fourth globally with $1.0 billion in revenue, sustained by 3,763 critical employees.

Fourth in the US, generating $879.4 million in revenue with 3,780 employees, ranking fifth globally.

Fifth in the US with $769.3 million in revenue and 1,800 employees, holding seventh place globally.

Sixth, achieving $465.6 million in revenue with 2,300 employees, reflecting robust market performance.

Seventh in the US, earning $405.9 million in revenue with 2,200 employees, supported by a solid operational base.

Eighth-ranked with $344.5 million in revenue and 498 employees, showcasing high operational efficiency.

Ninth position, generating $297.0 million in revenue with just 141 employees, noted for high revenue efficiency.

Completing the top 10 with $278.2 million in revenue and 455 employees, emphasizing productivity and market penetration.

These companies showcase remarkable efficiency in revenue generation per employee. Agrify leads with $2.1 million per employee, followed by Cannassure Therapeutics at $1.5 million. Jazz Pharmaceuticals tops global revenue, while Greenlane Holdings and Heritage Cannabis Holdings demonstrate solid operational efficiency.

Hydrofarm Holdings Group and Growgeneration exhibit significant market effectiveness, while Vitura Health and Cordovacann operate niche but effectively. Tilray reflects substantial impact and operational efficiency on a large scale.

To explore the complete ranking, detailed analysis, and methodology, I invite you to explore the complete study here.