# Top 50 Cannabis Startups Worldwide by Funding (2026)

> The 50 best-funded cannabis startups worldwide, ranked by total funding raised: $4.4B combined. With founding year, headquarters and each company's rounds.

Source: https://millionrounds.com/top-lists/cannabis-startups (Millionrounds; every figure on the page links to its filing or article)

- 1 [**Pax** PAX is an early-stage venture capital fund that helps technical founders evolve into sales leaders](https://millionrounds.com/company/pax) PAX is an early-stage venture capital fund that helps technical founders evolve into sales leaders *Founded* - United States **$480M** last round May 2026
- 2 [**Flora Growth Corp.** Flora Growth is a cannabis company that leverages natural cultivation practices.](https://millionrounds.com/company/flora-growth-corp) Flora Growth is a cannabis company that leverages natural cultivation practices. *Founded* 2019 Fort Lauderdale, United States **$401M** last round Sept 2025
- 3 [**Dutchie** Dutchie is a leading technology platform dedicated to the cannabis industry, founded in 2017 by brothers Ross and Zach Lipson, along with co-founder Samuel Ellis.](https://millionrounds.com/company/dutchie) Dutchie is a leading technology platform dedicated to the cannabis industry, founded in 2017 by brothers Ross and Zach Lipson, along with co-founder Samuel Ellis. *Founded* 2017 Boston, United States **$368M** last round Oct 2021
- 4 [**Tilray**](https://millionrounds.com/company/tilray) *Founded* - Canada **$198M** last round May 2023
- 5 [**LeafLink** LeafLink is a leading B2B technology platform and wholesale marketplace designed for the licensed cannabis industry.](https://millionrounds.com/company/leaflink) LeafLink is a leading B2B technology platform and wholesale marketplace designed for the licensed cannabis industry. *Founded* 2016 New York, United States **$156M** last round Feb 2023
- 6 [**RIV Capital** RIV Capital is a venture capital firm specializing in cannabis.](https://millionrounds.com/company/riv-capital) RIV Capital is a venture capital firm specializing in cannabis. *Founded* - Toronto, Canada **$150M** last round Aug 2021
- 7 [**Cresco Labs** Cresco Labs is a vertically-integrated multi-state cannabis operator inciting the progressive evolution of the medical cannabis industry.](https://millionrounds.com/company/cresco-labs) Cresco Labs is a vertically-integrated multi-state cannabis operator inciting the progressive evolution of the medical cannabis industry. *Founded* 2013 Chicago, United States **$150M** last round Jun 2026
- 8 [**Canopy Growth** Canopy Growth is a cannabis consumer product company that manufactures medical cannabis to improve lives.](https://millionrounds.com/company/canopy-growth) Canopy Growth is a cannabis consumer product company that manufactures medical cannabis to improve lives. *Founded* - Smiths Falls, Canada **$148M** last round Jan 2026
- 9 [**Flow Kana**](https://millionrounds.com/company/flow-kana) *Founded* - United States **$148M** last round Feb 2019
- 10 [**Parallel**](https://millionrounds.com/company/parallel) *Founded* - United States **$146M** last round Jun 2026
- 11 [**Jane Technologies** Jane Technologies is a cannabis retail tech company that provides its consumers with an online experience for shopping and reviews.](https://millionrounds.com/company/jane-technologies) Jane Technologies is a cannabis retail tech company that provides its consumers with an online experience for shopping and reviews. *Founded* 2015 Santa Cruz, United States **$127M** last round Aug 2021
- 12 [**Acreage Holdings** Acreage Holdings is a vertically integrated, multi-state owner of cannabis licenses and assets in states.](https://millionrounds.com/company/acreage-holdings) Acreage Holdings is a vertically integrated, multi-state owner of cannabis licenses and assets in states. *Founded* 1989 United States **$119M** last round Jul 2018
- 13 [**Ascend Wellness** Ascend Wellness is cannabis operator that owns and operates cultivation facilities to provide easy and accessible products.](https://millionrounds.com/company/ascend-wellness) Ascend Wellness is cannabis operator that owns and operates cultivation facilities to provide easy and accessible products. *Founded* 2018 Boston, United States **$104M** last round Sept 2025
- 14 [**Grassroots Cannabis** Grassroots Cannabis is a grower, processor, and dispenser, of medical cannabis in over four states including Maryland.](https://millionrounds.com/company/grassroots-cannabis) Grassroots Cannabis is a grower, processor, and dispenser, of medical cannabis in over four states including Maryland. *Founded* 2014 United States **$90M** last round Mar 2019
- 15 [**Glass House Brands** Glass House Brands is a vertically integrated cannabis and hemp company.](https://millionrounds.com/company/glass-house-brands) Glass House Brands is a vertically integrated cannabis and hemp company. *Founded* 2016 Long Beach, United States **$78M** last round Jul 2025
- 16 [**Hound Labs** Hound Labs has developed the first cannabis breath test that limits detection to the workday giving employers + employees a fair solution.](https://millionrounds.com/company/hound-labs) Hound Labs has developed the first cannabis breath test that limits detection to the workday giving employers + employees a fair solution. *Founded* 2014 Fremont, United States **$75M** last round Oct 2021
- 17 [**Caliva** Caliva is an integrated cannabis company that provides cannabis products online and on an e-commerce platform.](https://millionrounds.com/company/caliva) Caliva is an integrated cannabis company that provides cannabis products online and on an e-commerce platform. *Founded* 2015 United States **$75M** last round Jan 2019
- 18 [**Cura Partners** Cura Partners is a cannabis brands company.](https://millionrounds.com/company/cura-partners) Cura Partners is a cannabis brands company. *Founded* 2015 United States **$75M** last round Nov 2018
- 19 [**Green Growth Brands** Green Growth Brands is a lifestyle-oriented, consumer products company that celebrates health, wellness, and happiness.](https://millionrounds.com/company/green-growth-brands) Green Growth Brands is a lifestyle-oriented, consumer products company that celebrates health, wellness, and happiness. *Founded* 2018 - **$66M** last round Sept 2018
- 20 [**3Leaf** 3Leaf provides cannabis-infused cookies, fruit jellies, and chocolates.](https://millionrounds.com/company/3leaf) 3Leaf provides cannabis-infused cookies, fruit jellies, and chocolates. *Founded* 2017 United States **$65M** last round Sept 2008
- 21 [**Vertical** Vertical Entertainment is an independent film distribution and production company that offers full-service marketing and sales services.](https://millionrounds.com/company/vertical) Vertical Entertainment is an independent film distribution and production company that offers full-service marketing and sales services. *Founded* 2012 Santa Monica, United States **$58M** last round Apr 2019
- 22 [**Northern Swan Holdings** Northern Swan Holdings, Inc.](https://millionrounds.com/company/northern-swan-holdings) Northern Swan Holdings, Inc. *Founded* 2017 New York, United States **$58M** last round Apr 2019
- 23 [**Canndescent** CANNDESCENT is a luxury cannabis brand based in California, known for pioneering the "luxury cannabis" market since its founding in 2015.](https://millionrounds.com/company/canndescent) CANNDESCENT is a luxury cannabis brand based in California, known for pioneering the "luxury cannabis" market since its founding in 2015. *Founded* 2015 Santa Barbara, United States **$57M** last round Sept 2019
- 24 [**Holistic Industries** Holistic Industries is the largest privately owned, vertically integrated Multi-State Operator in the U.S.](https://millionrounds.com/company/holistic-industries) Holistic Industries is the largest privately owned, vertically integrated Multi-State Operator in the U.S. *Founded* 2011 Capitol Heights, United States **$55M** last round Oct 2019
- 25 [**Gage Cannabis** Gage Cannabis is a craft cannabis brand and operator.](https://millionrounds.com/company/gage-cannabis) Gage Cannabis is a craft cannabis brand and operator. *Founded* 2012 Detroit, United States **$55M** last round Nov 2021
- 26 [**4Front** 4Front is an investment and management firm that focuses on cannabis industry.](https://millionrounds.com/company/4front) 4Front is an investment and management firm that focuses on cannabis industry. *Founded* 2011 Phoenix, United States **$54M** last round Jun 2024
- 27 [**OrganiGram** OrganiGram is a producer and distributor of medical and recreational cannabis.](https://millionrounds.com/company/organigram) OrganiGram is a producer and distributor of medical and recreational cannabis. *Founded* - Moncton, Canada **$53M** last round Feb 2026
- 28 [**Metrc** Metrc (Marijuana Enforcement Tracking Reporting & Compliance) is a leading provider of regulatory track-and-trace systems for the cannabis industry in the United States.](https://millionrounds.com/company/metrc) Metrc (Marijuana Enforcement Tracking Reporting & Compliance) is a leading provider of regulatory track-and-trace systems for the cannabis industry in the United States. *Founded* 2013 Lakeland, United States **$50M** last round Oct 2018
- 29 [**Integrated CBD** Integrated CBD is a Scottsdale, Arizona-based company founded in 2018, operating in the biotechnology and hemp/CBD sector.](https://millionrounds.com/company/integrated-cbd) Integrated CBD is a Scottsdale, Arizona-based company founded in 2018, operating in the biotechnology and hemp/CBD sector. *Founded* 2018 Scottsdale, United States **$50M** last round Oct 2019
- 30 [**Demetrix** Demetrix is a biotechnology company based in Berkeley, California, specializing in the research and production of rare bioactive ingredients, particularly natur](https://millionrounds.com/company/demetrix) Demetrix is a biotechnology company based in Berkeley, California, specializing in the research and production of rare bioactive ingredients, particularly natur *Founded* 2017 Berkeley, United States **$50M** last round Jul 2019
- 31 [**AYR Wellness** AYR Wellness is a manufacturing company that develops and markets cannabis products and packaged goods.](https://millionrounds.com/company/ayr-wellness) AYR Wellness is a manufacturing company that develops and markets cannabis products and packaged goods. *Founded* - Miami, United States **$50M** last round Jul 2025
- 32 [**Kadenwood** Kadenwood is a consumer products lifestyle company that focuses on shaping CBD into a trusted and safe mainstream wellness category.](https://millionrounds.com/company/kadenwood) Kadenwood is a consumer products lifestyle company that focuses on shaping CBD into a trusted and safe mainstream wellness category. *Founded* 2019 - **$50M** last round Jun 2021
- 33 [**Flowhub** Flowhub is a technology company based in Denver, Colorado, that specializes in retail management and point-of-sale (POS) software for state-licensed cannabis dispensaries.](https://millionrounds.com/company/flowhub) Flowhub is a technology company based in Denver, Colorado, that specializes in retail management and point-of-sale (POS) software for state-licensed cannabis dispensaries. *Founded* 2015 Miami, United States **$48M** last round Oct 2021
- 34 [**Indus Holding**](https://millionrounds.com/company/indus-holding) *Founded* 2015 United States **$46M** last round Oct 2018
- 35 [**Greenbits** Greenbits is a cannabis retail platform serving medical dispensaries and adult-use retailers.](https://millionrounds.com/company/green-bits) Greenbits is a cannabis retail platform serving medical dispensaries and adult-use retailers. *Founded* 2014 San Jose, United States **$40M** last round Apr 2020
- 36 [**TRIP** TRIP is a UK-based wellness and beverage company that specializes in calming drinks, supplements, and CBD-based products.](https://millionrounds.com/company/trip) TRIP is a UK-based wellness and beverage company that specializes in calming drinks, supplements, and CBD-based products. *Founded* 2019 London, United Kingdom **$40M** last round Sept 2026
- 37 [**Mile High Labs** Mile High Labs is a global manufacturer specializing in hemp-derived cannabinoid ingredients, including CBD, CBG, and CBN.](https://millionrounds.com/company/mile-high-labs) Mile High Labs is a global manufacturer specializing in hemp-derived cannabinoid ingredients, including CBD, CBG, and CBN. *Founded* 2016 Loveland, United States **$35M** last round Oct 2018
- 38 [**Leaf**](https://millionrounds.com/company/leaf) *Founded* - United States **$35M** last round Jan 2022
- 39 [**FarmaceuticalRx** FarmaceuticalRx is a therapeutics company focused on bringing innovations through research and development to the medical marijuana sector.](https://millionrounds.com/company/farmaceuticalrx) FarmaceuticalRx is a therapeutics company focused on bringing innovations through research and development to the medical marijuana sector. *Founded* 2015 Farrell, United States **$34M** last round Feb 2022
- 40 [**Vangst** Vangst is a recruiting platform that connects job seekers with opportunities in the cannabis industry.](https://millionrounds.com/company/vangst) Vangst is a recruiting platform that connects job seekers with opportunities in the cannabis industry. *Founded* 2016 Denver, United States **$32M** last round Jan 2022
- 41 [**Blühen Botanicals** Blühen Botanicals is a hemp biomass processing and extraction company that produces its own blend of boutique wellness products.](https://millionrounds.com/company/bluhen-botanicals) Blühen Botanicals is a hemp biomass processing and extraction company that produces its own blend of boutique wellness products. *Founded* 2018 United States **$31M** last round Feb 2019
- 42 [**NorCal Cannabis** NorCal Cannabis Company functions as a holding company with assets ranging from production to retail.](https://millionrounds.com/company/norcal-cannabis) NorCal Cannabis Company functions as a holding company with assets ranging from production to retail. *Founded* 2014 San Francisco, United States **$27M** last round Jan 2019
- 43 [**Enlighten**](https://millionrounds.com/company/enlighten) *Founded* - - **$27M** last round Jan 2026
- 44 [**Clever Leaves** Clever Leaves is a multi-national operator (MNO) and a licensed producer of pharmaceutical-grade medical cannabis.](https://millionrounds.com/company/clever-leaves) Clever Leaves is a multi-national operator (MNO) and a licensed producer of pharmaceutical-grade medical cannabis. *Founded* 2016 New York, United States **$25M** last round Jul 2021
- 45 [**Future State**](https://millionrounds.com/company/future-state) *Founded* - United States **$25M** last round Sept 2019
- 46 [**Aurora Cannabis** Aurora Cannabis is a medical marijuana producer that provides its patients quality products, customer service, and affordable pricing.](https://millionrounds.com/company/aurora-cannabis) Aurora Cannabis is a medical marijuana producer that provides its patients quality products, customer service, and affordable pricing. *Founded* - Edmonton, Canada **$25M** last round Sept 2023
- 47 [**Dixie**](https://millionrounds.com/company/dixie) *Founded* - Canada **$25M** last round Oct 2018
- 48 [**Prima** Risk Management Consultants for Businesses and High-Net-Worth Families - Fee Based Only](https://millionrounds.com/company/prima) Risk Management Consultants for Businesses and High-Net-Worth Families - Fee Based Only *Founded* - Mexico **$23M** last round Dec 2024
- 49 [**Cannalysis** Cannalysis is a leading third-party analytical laboratory located in Santa Ana, California, specializing in testing services for the cannabis industry.](https://millionrounds.com/company/cannalysis) Cannalysis is a leading third-party analytical laboratory located in Santa Ana, California, specializing in testing services for the cannabis industry. *Founded* 2015 Santa Ana, United States **$23M** last round Sept 2019
- 50 [**TerrAscend** TerrAscend is a cannabis company that provides products, brands, and services to the cannabinoid market.](https://millionrounds.com/company/terrascend) TerrAscend is a cannabis company that provides products, brands, and services to the cannabinoid market. *Founded* 2017 Mississauga, Canada **$22M** last round Jun 2026

**Total funding** how the list is ranked

**15 November 2026** updated nightly

**Rounds we track** source: Millionrounds

Companies whose funding rounds we classed as this sector, ranked by the total they have raised in rounds we hold. Nobody pays to be on a list.

## Who backed them?

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## More cannabis lists

[See all](https://millionrounds.com/top-lists?t=Cannabis)

[*P* *FG* *D* **Cannabis startups in the United States** 114 companies · $3.8B](https://millionrounds.com/top-lists/cannabis-startups-united-states)[*AW* *GG* *IC* **Cannabis startups founded in 2018** 25 companies · $357M](https://millionrounds.com/top-lists/cannabis-startups-founded-2018)[*T* *RC* *CG* **Cannabis startups in Canada** 24 companies · $695M](https://millionrounds.com/top-lists/cannabis-startups-canada)[*CG* *CL* *O* **Cannabis startups that raised in 2026** 12 companies · $384M in 2026](https://millionrounds.com/top-lists/cannabis-startups-raised-2026)

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