20 Emerging Cannabis Startups

Woman in a field holding a cannabis leaf.

It is no secret that cannabis is an emerging market navigating a unique set of restrictions. American cannabis companies, for example, are making huge strides to create multi-state operations in legal states to shape the market as it develops. These top cannabis companies across the globe are paving the way for this newly legal industry to thrive through technology, science, and innovation.

Top Cannabis Companies

1. Dutchie

Location: Bend, Oregon
Funding: $253 Million 

Dutchie is an online cannabis delivery service that allows users to order cannabis products from their favorite dispensaries from their mobile device. Additionally, Dutchie’s business dashboard provides impactful resources for cannabis businesses to effectively manage their company.

2. Jushi Holdings

Location: Boca Raton, Florida 
Funding: $207.4 Million 

Jushi Holdings is a multi-state national cannabis brand that helps develop and run a variety of cannabis-related businesses from cultivation to retail locations across the United States. 

3. Columbia Care

Location: New York City, New York 
Funding: $223 Million

Columbia Care is one of the largest and most established medical marijuana companies in the United States, with locations across the country and an emphasis on patient care and service.

4. Cresco Labs

Location: Chicago, Illinois
Funding: $522.5 Million 

Cresco Labs is a multi-state cannabis retailer and producer that focuses primarily on the optimization of cannabis wholesale throughout its 37 locations nationwide.

5. TerrAscend

Location: Mississauga, Ontario
Funding: $299.8 Million 

TerrAscend is a retailer, cultivation, and processor of fine cannabis products across North America. Under the company, there are several brands available in various US states as well as Canada.

6. springbig

Location: Boca Raton, Florida
Funding: $19.7 Million 

Springbig is a cannabis marketing platform for businesses within the industry. Through springbig’s platform, cannabis businesses can boost revenue, increase customer retention, and develop impactful marketing campaigns.

7. C3 Industries

Location: Ann Arbor, Michigan 
Funding: $50 Million

Originally from Oregon, C3 Industries has developed a vertically integrated cannabis experience from cultivation to retail in both Oregon and Michigan, with future development in Massachusetts.

8. Ascend Wellness Holdings

Location: Waltham, Massachusetts
Funding: $191.4 Million 

Ascend Wellness Holdings is a multi-state cannabis startup that boasts award-winning strains and locations in several states, including Illinois, Michigan, Massachusetts, New Jersey, and Ohio.

9. The Valens Company

Location: Kelowna, British Columbia
Funding: $98.6M

The Valens Company is a Canada-based cannabis company that develops science-backed cannabis products aimed at transforming the industry to provide new products and formulations.

10. Jane Technologies

Location: Santa Cruz, California 
Funding: $27 Million 

Online cannabis, as well as other ecommerce brands, can use Jane Technologies’ services to improve sales through their easy-to-use dashboard, analytics services, and product content capabilities.

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11. LeafLink

Location: New York City, New York
Funding: $339 Million

LeafLink is a business-to-business (B2B) platform that connects cannabis retailers, brands, and distributors seamlessly to provide a better customer experience and improve the cannabis supply chain overall.

12. Skymint Brands

Location: Ann Arbor, Michigan
Funding: $40 Million

Skymint is a Michigan-based cannabis startup with an umbrella of brands and farms that prioritize cultivating, processing, and selling the highest quality cannabis for consumers.

13. Holistic Industries

Location: Capitol Heights, Maryland
Funding: $101.1 Million 

One of the largest multi-state operators in the US, Holistic Industries provides a vertically-integrated cannabis experience for customers as well as a positive work environment for their employees.

14. Demetrix

Location: Emeryville, California 
Funding: $61 Million

Demetrix leverages innovative fermentation technology to produce cannabinoids for health and wellness products that are rare, effective, and sustainable.

15. Connected Cannabis Co.

Location: Sacramento, California
Funding: $55 Million

Connected Cannabis Co. is a California-based cannabis brand with products available in Sacramento, San Francisco, and Stockton.

16. New Frontier Data

Location: Washington D.C.
Funding: Undisclosed

New Frontier Data collects and catalogs impactful datasets for cannabis growers, retailers, and investors to make better, informed business decisions for their business.

17. Nature’s Medicines

Location: Phoenix, Arizona
Funding: $42 Million 

Nature’s Medicines is a multi-state cannabis company that values the marriage between science and nature, utilizing both to create impactful cannabis products.

18. Wurk

Location: Denver, Colorado
Funding: $46.3 Million

Wurk is a cannabis tech company offering employee management software for cannabis companies to better manage payroll, timekeeping, and human resources.

19. Stealth Monitoring

Location: Dallas, Texas
Funding: Undisclosed

Stealth Monitoring is a security company that offers security solutions tailored to cannabis companies to meet state requirements and provide optimal protection.

20. Aleafia Health

Location: Vaughan, Ontario 
Funding: $16.7 Million 

From the cultivation of medical marijuana to cannabis clinics, Aleafia Health is changing the way patients that utilize cannabis in treatment are able to find products that benefit them to be more efficient and impactful.

Recommended: Check out our full list of the hottest startups to watch in 2022!