A recent study revealed Highest-Earning Cannabis Companies Around the World in 2024
Over 20 American Companies in the Top 50 Ranking
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 in Ireland leads globally with $3.7 billion in revenue and ranks third in efficiency, boasting $1.3 million in revenue per employee.
- In the U.S., Curaleaf Holdings and Trulieve Cannabis rank second and third respectively, with revenues of $1.3 billion and $1.2 billion.
- The top 50 companies include 20 American firms generating $7.7 billion, while 23 Canadian companies contribute to the list.
- Agrify from the U.S. stands out with $297 million in revenue from just 141 employees, achieving an impressive $2.1 million in revenue per employee.
Top 10 Highest-Earning Cannabis Companies in the World
Rank | Name | Country | Revenue | Employees | Revenue Per Employee |
1 | Jazz Pharmaceuticals | Ireland | 3.7B | 2,800.00 | 1.3M |
2 | Curaleaf Holdings | United States | 1.3B | 5,931.00 | 225.3K |
3 | Trulieve Cannabis | United States | 1.2B | 7,600 | 163.1K |
4 | Green Thumb Industries | United States | 1.0B | 3,763.00 | 270.4K |
5 | Verano Holdings | United States | 879.4M | 3,780.00 | 232.6K |
6 | Cresco Labs | Canada | 842.7M | 3,200.00 | 263.3K |
7 | Tilray | United States | 769.3M | 1,800.00 | 427.4K |
8 | Jushi Holdings | Canada | 544.1M | 1,486.00 | 366.2K |
9 | Columbia Care | Canada | 511.6M | 2,586 | 197.8K |
10 | Ayr Wellness | United States | 465.6M | 2,300.00 | 202.4K |
1. Jazz Pharmaceuticals
- Revenue: $3.7B
- No. of Employees: 2,800
- Country: Ireland
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.
2. Curaleaf Holdings
- Revenue: $1.3B
- No. of Employees: 5,931
- Country: United States
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.
3. Trulieve Cannabis
- Revenue: $1.2B
- No. of Employees: 7,600
- Country: United States
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.
4. Green Thumb Industries
- Revenue: $1.0B
- No. of Employees: 3,763
- Country: United States
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.
5. Verano Holdings
- Revenue: $879.4M
- No. of Employees: 3,780
- Country: United States
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.
6. Cresco Labs
- Revenue: $842.7M
- No. of Employees: 3,200
- Country: Canada
Cresco Labs from Canada ranks sixth, contributing $842.7M in revenue with $263.3K revenue per employee, indicating high productivity and efficiency.
7. Tilray
- Revenue: $769.3M
- No. of Employees: 1,800
- Country: United States
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.
8. Jushi Holdings
- Revenue: $544.1M
- No. of Employees: 1,486
- Country: Canada
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.
9. Columbia Care
- Revenue: $511.6M
- No. of Employees: 2,586
- Country: Canada
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.
10. Ayr Wellness
- Revenue: $465.6M
- No. of Employees: 2,300
- Country: United States
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.
Top 10 Highest-Earning Cannabis Companies in America
Rank | Name | Revenue | Employees | Revenue Per Employee |
1 | Curaleaf Holdings | 1.3B | 5,931 | 225,314.45 |
2 | Trulieve Cannabis | 1.2B | 7,600 | 163,132.89 |
3 | Green Thumb Industries | 1.0B | 3,763 | 270,364 |
4 | Verano Holdings | 879.4M | 3,780 | 232,648.15 |
5 | Tilray | 769.3M | 1,800 | 427,388.89 |
6 | Ayr Wellness | 465.6M | 2,300 | 202,443.48 |
7 | Ascend Wellness Holdings | 405.9M | 2,200 | 184,513.64 |
8 | Hydrofarm Holdings Group | 344.5M | 498 | 691,767.07 |
9 | Agrify | 297.0M | 141 | 2,106,383 |
10 | Growgeneration | 278.2M | 455 | 611,362.64 |
1. Curaleaf Holdings
Leading US cannabis company with $1.3 billion revenue and global rank 2, operating with 5,931 employees across extensive US operations.
2. Trulieve Cannabis
Second in the US with $1.2 billion in revenue and largest US workforce of 7,600 employees, securing a top 3 global position.
3. Green Thumb Industries
Third in the US and fourth globally with $1.0 billion in revenue, sustained by 3,763 critical employees.
4. Verano Holdings
Fourth in the US, generating $879.4 million in revenue with 3,780 employees, ranking fifth globally.
5. Tilray
Fifth in the US with $769.3 million in revenue and 1,800 employees, holding seventh place globally.
6. Ayr Wellness
Sixth, achieving $465.6 million in revenue with 2,300 employees, reflecting robust market performance.
7. Ascend Wellness Holdings
Seventh in the US, earning $405.9 million in revenue with 2,200 employees, supported by a solid operational base.
8. Hydrofarm Holdings Group
Eighth-ranked with $344.5 million in revenue and 498 employees, showcasing high operational efficiency.
9. Agrify
Ninth position, generating $297.0 million in revenue with just 141 employees, noted for high revenue efficiency.
10. Growgeneration
Completing the top 10 with $278.2 million in revenue and 455 employees, emphasizing productivity and market penetration.
Top 10 Companies with Highest Revenue Per Employee
Rank | Name | Country | Revenue | Employees | Revenue Per Employee |
1 | Agrify | United States | 297.0M | 141 | 2.1M |
2 | Cannassure Therapeutics | Israel | 113.5M | 72 | 1.6M |
3 | Jazz Pharmaceuticals | Ireland | 3.7 T | 2,800 | 1.3M |
4 | Greenlane Holdings | United States | 137.1M | 145 | 945.4K |
5 | Heritage Cannabis Holdings | Canada | 23.4M | 25 | 937.2K |
6 | Hydrofarm Holdings Group | United States | 344.5M | 498 | 691.8K |
7 | Growgeneration | United States | 278.2M | 455 | 611.4K |
8 | Vitura Health | Australia | 49.4M | 104 | 474.5K |
9 | Tilray | United States | 769.3M | 1,800 | 427.4K |
10 | Cara Therapeutics | United States | 41.9M | 106 | 395.0K |
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.
Author Profile
- I'm Al Mega the CEO of Comic Crusaders, CEO of the Undercover Capes Podcast Network, CEO of Geekery Magazine & Owner of Splintered Press (coming soon). I'm a fan of comics, cartoons and old school video games. Make sure to check out our podcasts/vidcasts and more!
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