Dispensaries

A combination of ongoing marihuana legalizations (both medical and recreational), organic growth within existing markets, and the rise of cannabidiol (CBD), the nonpsychoactive cannabinoid best known for its perceived medical benefits, are all reasons that the U.S. cannabis market continues to thrive.

Here are the 5 biggest Dispensary companies in the U.S.:

Harvest Health, whose stores operate under the "Harvest" name, which has more than 230 facility licenses on a pro forma basis (i.e., if all of its pending acquisitions were to close).  Of these facilities, 142 are for retail licenses spanning 17 states.

Currently, Green Thumb has licenses to open up to 89 retail locations, with a presence in one dozen states and 23 open Rise-branded stores.

Acreage Holdings comes in third with 88 retail licenses, just one behind GTI.  However, Acreage does lead all multi-state dispensary operators on the basis of state presence.  It has retail licenses and an aggregate of 1.2 million square feet of production facilities or processing sites in 20 U.S. states on a pro forma basis. 

Slotting in fourth but easily within striking distance for the No. 2 spot is upscale cannabis chain MedMen Enterprises, which is on a mission to normalize the cannabis-buying experience.  On a pro forma basis, MedMen has licenses for 86 stores in 12 states, with 37 stores currently open.

Lastly, we have Curaleaf,  the current leader among U.S. dispensaries in open locations, with 45.  Operating in a dozen states, Curaleaf also has 12 cultivation sites and 11 processing facilities.