The Global Marijuana Oil Market was valued at USD 3.42 Billion in 2023 and is projected to reach USD 8.21 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 12.7% during the forecast period (2024-2030). This remarkable expansion is driven by progressive legalization of medical cannabis, increasing acceptance of cannabinoid therapies, and extensive clinical research validating marijuana oil’s efficacy in pain management, neurological disorders, and mental health applications.
As the industry transitions from traditional consumption methods to pharmaceutical-grade formulations, leading companies are setting new standards in extraction technologies, product quality, and therapeutic applications. This analysis profiles the Top 10 Market Leaders in Marijuana Oil—a combination of established cannabis corporations, medical research pioneers, and specialized extract manufacturers revolutionizing cannabinoid-based healthcare.
🔟 1. Canopy Growth Corporation
Headquarters: Smiths Falls, Canada
Key Offering: Spectrum Therapeutics cannabis oils, balanced THC/CBD formulations
As the world’s largest publicly traded cannabis company, Canopy Growth dominates the medical marijuana oil segment through its pharmaceutical division Spectrum Therapeutics. The company supplies standardized oil products to patients in over 15 countries with legal medical cannabis programs.
Therapeutic Advancements:
- Developing next-generation CBD oil formulations targeting epilepsy and chronic pain
- Pioneering precision-dosing technologies for clinical applications
- Strategic partnerships with global pharmaceutical distributors
Download FREE Sample Report: Global Marijuana Oil Market – View in Detailed Research Report
9️⃣ 2. GW Pharmaceuticals (Jazz Pharmaceuticals)
Headquarters: Cambridge, UK
Key Offering: Epidiolex (FDA-approved CBD oral solution)
GW Pharmaceuticals, now part of Jazz Pharmaceuticals, developed the first FDA-approved cannabis-derived medication. Epidiolex (cannabidiol oral solution) revolutionized treatment for rare forms of epilepsy and set pharmaceutical standards for cannabis oils.
Therapeutic Advancements:
- Clinical evidence supporting CBD efficacy for seizure disorders
- Patented extraction and formulation technologies
- Ongoing research into additional neurological applications
8️⃣ 3. Tilray Brands, Inc.
Headquarters: Leamington, Canada
Key Offering: Tilray Medical cannabis oils, whole-plant extract formulations
Following its merger with Aphria, Tilray emerged as a global leader in medical cannabis oils with distribution networks spanning North America and European markets. The company focuses on full-spectrum extracts for optimal therapeutic benefits.
Therapeutic Advancements:
- GMP-certified production facilities meeting EU pharmaceutical standards
- Clinical research partnerships with academic medical centers
7️⃣ 4. Aurora Cannabis Inc.
Headquarters: Edmonton, Canada
Key Offering: Aurora Drops, MedReleaf-branded medical oils
Aurora operates one of the world’s largest cannabis extraction facilities, producing pharmaceutical-grade oils for medical prescriptions. The company maintains strict quality control from cultivation to final product.
Therapeutic Advancements:
- Specialized high-CBD formulations for therapeutic use
- Precision-controlled THC content for targeted effects
Download FREE Sample Report: Global Marijuana Oil Market – View in Detailed Research Report
6️⃣ 5. Charlotte’s Web Holdings, Inc.
Headquarters: Boulder, Colorado, USA
Key Offering: Full-spectrum hemp extracts, CBD-dominant formulations
Charlotte’s Web developed the standard for full-spectrum hemp extracts, building one of the most recognized CBD brands worldwide. The company focuses on wellness applications with rigorously tested products.
Therapeutic Advancements:
- Pioneered consumer CBD market with consistent quality standards
- GMP-certified manufacturing facilities
5️⃣ 6. Curaleaf Holdings, Inc.
Headquarters: Wakefield, Massachusetts, USA
Key Offering: Curaleaf oils, Select brand formulations
As the largest U.S. cannabis operator, Curaleaf produces a comprehensive range of marijuana oil products distributed through its extensive retail network. The company emphasizes product consistency and clinical applications.
Therapeutic Advancements:
- Standardized dosing protocols across product lines
- Research collaborations with major universities
4️⃣ 7. Green Thumb Industries (GTI)
Headquarters: Chicago, Illinois, USA
Key Offering: Rythm cannabis oils, targeted therapeutic formulations
GTI has become a leading producer of premium cannabis oils through vertically integrated operations. The company supplies medical dispensaries and adult-use retailers in multiple legal U.S. markets.
Therapeutic Advancements:
- Formulations specifically designed for sleep, pain and anxiety
- Physician education programs on cannabinoid therapies
3️⃣ 8. Trulieve Cannabis Corp.
Headquarters: Quincy, Florida, USA
Key Offering: TruClear concentrates, medical cannabis oils
Trulieve dominates Florida’s medical cannabis market with its high-quality oil products. The company maintains rigorous testing protocols and patient-focused product development.
Therapeutic Advancements:
- Specialized formulations for oncology patients
- Comprehensive patient education initiatives
Download FREE Sample Report: Global Marijuana Oil Market – View in Detailed Research Report
2️⃣ 9. Cronos Group
Headquarters: Toronto, Canada
Key Offering: Peace Naturals cannabis oils, specialized cannabinoid formulations
Cronos Group focuses on innovative extraction technologies and precision cannabinoid formulations. Backed by Altria’s investment, the company operates advanced production facilities.
Therapeutic Advancements:
- Proprietary fermentation-derived cannabinoid production
- High-purity THC-free CBD oil manufacturing
1️⃣ 10. Organigram Holdings Inc.
Headquarters: Moncton, Canada
Key Offering: Edison Cannabis oils, craft extraction products
Organigram specializes in small-batch cannabis oils using proprietary extraction methods. The company supplies medical patients and adult-use consumers with consistently high-quality products.
Therapeutic Advancements:
- Innovative emulsion technology for enhanced bioavailability
- Organic-certified cultivation practices
Get Full Report Here: Global Marijuana Oil Market – View in Detailed Research Report
🌱 Outlook: The Pharmaceutical Transformation of Cannabis Oils
The marijuana oil sector is undergoing rapid professionalization as products transition from herbal supplements to clinically validated therapeutics. Pharmaceutical-grade formulations with precise cannabinoid profiles are replacing traditional extraction methods.
📈 Key Market-Shaping Trends:
- Global expansion of medical cannabis programs and indications
- Development of FDA/EMA-approved cannabinoid pharmaceuticals
- Growing demand for lab-tested products with certified potency
- Increasing investment in clinical research and therapeutic applications
Get Full Report Here: Global Marijuana Oil Market – View in Detailed Research Report
The companies profiled demonstrate how the marijuana oil market is evolving beyond traditional cannabis products toward evidence-based cannabinoid medicines that meet pharmaceutical standards.
