The Global Marijuana Oil Market was valued at USD 2.8 Billion in 2023 and is projected to reach USD 6.9 Billion by 2030, growing at a Compound Annual Growth Rate (CAGR) of 14.2% during the forecast period (2024–2030). This robust expansion stems from increasing legalization, expanding medical applications, and rising consumer adoption of cannabis-based wellness products across global markets.
As the cannabis industry transitions from illicit substance to mainstream therapeutic solution, these market leaders are establishing quality standards, pioneering extraction technologies, and expanding international distribution networks. Here we profile the Top 10 Companies in the Marijuana Oil Industry—pharmaceutical innovators, premium extract producers, and recreational market leaders shaping the future of cannabinoid medicine.
🔟 1. Sundial Growers
Headquarters: Calgary, Alberta, Canada
Key Offering: Precision-dosed cannabis oils, full-spectrum extracts
Sundial has emerged as a premier producer of pharmaceutical-grade cannabis oils through its proprietary automation and quality control systems. The company’s research-backed formulations target specific therapeutic needs with consistent cannabinoid profiles.
Market Leadership:
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Vertically integrated from genetics to retail distribution
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EU-GMP certified production facilities
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Strategic partnership with British American Tobacco
Download FREE Sample Report: Global Marijuana Oil Market – View in Detailed Research Report
9️⃣ 2. Village Farms International
Headquarters: Delta, British Columbia, Canada
Key Offering: USDA Organic certified cannabis oils, whole-plant extracts
Village Farms leverages decades of agricultural expertise to produce some of the cleanest cannabis oil products in North America. Their greenhouse cultivation achieves pharmaceutical standards while maintaining organic certification.
Market Leadership:
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Largest licensed cannabis greenhouse in the world
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Pioneer in carbon-neutral cannabis production
8️⃣ 3. Organigram Holdings
Headquarters: Moncton, New Brunswick, Canada
Key Offering: Medical cannabis oils, precision CBD formulations
Organigram specializes in cannabinoid formulations backed by clinical research, serving both medical patients and adult-use consumers. Their proprietary strain development program creates unique oil profiles.
Market Leadership:
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Strategic partnership with British American Tobacco
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Advanced genetic research facility with 50+ proprietary strains
7️⃣ 4. Tilray Brands
Headquarters: Nanaimo, British Columbia, Canada
Key Offering: Medical cannabis oils, EU-GMP certified products
A global cannabis leader, Tilray serves over 20 countries with pharmaceutical-grade oils. The company maintains industry-leading safety and consistency standards across its product lines.
Market Leadership:
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First North American cannabis company to export to Europe
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Supplies medical cannabis oils to 15,000+ pharmacies globally
Download FREE Sample Report: Global Marijuana Oil Market – View in Detailed Research Report
6️⃣ 5. HEXO Corp
Headquarters: Gatineau, Quebec, Canada
Key Offering: Fast-acting cannabis oils, nanoemulsion technology
HEXO revolutionized cannabis oil absorption with its proprietary nanoemulsion technology, offering faster onset and more predictable effects. Their innovations have set new standards for product consistency.
Market Leadership:
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First company to develop cannabis oil beverages with Molson Coors
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Government contracts for medical cannabis supply
5️⃣ 6. Aurora Cannabis
Headquarters: Edmonton, Alberta, Canada
Key Offering: Medical cannabis oils, high-CBD formulations
Aurora operates one of the world’s largest cannabis facilities, supplying oils to patients in over 20 countries. Their medical division focuses on condition-specific formulations developed through clinical trials.
Market Leadership:
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Supplies German pharmacies through EU-GMP certified products
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Published 25+ peer-reviewed cannabis studies
4️⃣ 7. Columbia Care
Headquarters: New York, New York, USA
Key Offering: Strain-specific cannabis oils, ratio-balance products
Columbia Care brings medical expertise to cannabis oil production, with physicians and pharmacists guiding product development. Their formulations emphasize consistent dosing and measurable outcomes.
Market Leadership:
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Operates 130+ dispensaries and cultivation facilities
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Medical cannabis leader in 18 U.S. states
3️⃣ 8. Trulieve Cannabis
Headquarters: Tallahassee, Florida, USA
Key Offering: Medical cannabis oils, THC-dominant formulations
Trulieve dominates Florida’s medical cannabis market with vertically integrated operations that ensure quality control from seed to sale. Their products cater to specific therapeutic needs with precision.
Market Leadership:
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Largest medical cannabis operator in Florida
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120+ dispensaries serving 750,000+ patients
Get Full Report Here: Global Marijuana Oil Market – View in Detailed Research Report
2️⃣ 9. Cresco Labs
Headquarters: Chicago, Illinois, USA
Key Offering: Consumer-branded cannabis oils, solventless extracts
Cresco Labs balances medical precision with consumer appeal through its portfolio of branded cannabis oil products. The company’s retail presence and wholesale distribution make it a market leader.
Market Leadership:
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Operations in 10 U.S. states with 50+ retail locations
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Supplies over 1,000 dispensaries nationwide
1️⃣ 10. Green Thumb Industries
Headquarters: Chicago, Illinois, USA
Key Offering: Pharmacist-developed cannabis oils, therapeutic formulations
GTI combines pharmaceutical expertise with cannabis cultivation to produce some of the most clinically validated oil products in the U.S. market. Their medical formulations undergo rigorous testing.
Market Leadership:
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Operates 16 manufacturing facilities and 77 retail locations
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First U.S. company to achieve ISO certification for cannabis production
Get Full Report Here: Global Marijuana Oil Market – View in Detailed Research Report
🌿 Outlook: The Cannabis Oil Market Matures Into Mainstream Healthcare
The marijuana oil sector is undergoing a profound transformation—from prohibition-era product to clinically validated therapeutic. As regulatory frameworks evolve globally, these market leaders are positioning cannabis extracts as legitimate medical solutions while expanding consumer accessibility.
📈 Key Trends Reshaping the Industry:
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Increasing FDA approvals for cannabis-derived medications
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Standardization of dosing protocols and labeling requirements
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Expansion into novel delivery methods beyond traditional tinctures
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Integration with conventional healthcare distribution channels
Get Full Report Here: Global Marijuana Oil Market – View in Detailed Research Report
The companies profiled above aren’t merely participants in the cannabis industry—they’re architects of a new paradigm linking plant medicine with modern pharmacology and consumer wellness.
