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Top 9 Cannabis Startups in 2024

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Have you ever wondered who is on the list of Cannabis companies with the highest growth rates?

You’re not alone.

There are hundreds of companies in this space, and it can be difficult to keep track of them all.

We've decided to take a deep dive and put together a list containing 9 fast-growing Cannabis startups that have top-tier venture capital funding.


9 Cannabis Startups

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1) Sanity Group

Sanity Group

Sanity Group is a European cannabis firm that focuses on health, wellness, and scientific research.

Details of the startup:

  • Country: Germany
  • State: Berlin
  • City: Berlin
  • Started in: 2018
  • Founders: Fabian Friede, Finn Age Haensel
  • Number of employees: 11-50
  • Funding: $78,559,152
  • Funding rounds: 5
  • Number of investors: 18 (HV Capital, Redalpine, Atlantic Food Labs, TQ Ventures, Cherry Ventures)

You can find their website here.

2) Ceva Santé Animale

Ceva Santé Animale

Ceva Sante Animale is a veterinary health corporation that specializes in pharmaceutical research, development, production, and marketing.

Details of the startup:

  • Country: France
  • State: Aquitaine
  • City: Libourne
  • Started in: 1989
  • Number of employees: 5001-10000
  • Funding: € 200,000,000
  • Funding rounds: 6
  • Number of investors: 16 (Temasek Holdings, Idinvest Partners, Mitsui & Co, CDH Investments, Ardian)

You can find their website here.

3) Somai Pharmaceuticals Ltd

Somai Pharmaceuticals Ltd

Somai Pharmaceuticals is a firm established in Ireland that specializes in the cultivation and development of cannabis-based therapeutic products for the European Union.

Details of the startup:

  • Country: Ireland
  • State: Dublin
  • City: Dublin
  • Started in: 2019
  • Founders: Michael Sassano
  • Number of employees: 1-10
  • Funding: € 9,040,000
  • Funding rounds: 2

You can find their website here.

4) AVIDA Global

AVIDA Global

AVIDA is a leading global manufacturer of high-quality medicinal cannabis oils and isolates.

Details of the startup:

  • Country: Spain
  • State: Galicia
  • City: San Ramón
  • Started in: 2018
  • Number of employees: 11-50
  • Funding: £3,007,894
  • Funding rounds: 2

You can find their website here.

5) Leafly

Leafly

Leafly is the leading cannabis marketplace and resource in the world.

Details of the startup:

  • Country: United States
  • State: Washington
  • City: Seattle
  • Started in: 2010
  • Founders: Brian Wansolich, Cy Scott, Scott Vickers
  • Number of employees: 101-250
  • Funding: $40,808,437
  • Funding rounds: 3
  • Number of investors: 1 (Fireman Capital Partners)

You can find their website here.

6) Flourish Software

Flourish Software

Flourish Software is a cannabis and hemp supply chain management “seed to sale tracking” tool.

Details of the startup:

  • Country: United States
  • State: Georgia
  • City: Atlanta
  • Started in: 2017
  • Founders: Bennett Adams, Colton Griffin, Juan Carlos Garcia
  • Number of employees: 11-50
  • Funding: $2,100,000
  • Funding rounds: 2
  • Number of investors: 5 (Quixotic Ventures, Krillion Ventures, 7thirty Capital, Mark Kingdon, Mike Dowdle)

You can find their website here.

7) Fyllo

Fyllo

For the cannabis sector, Fyllo provides compliance cloud enterprise grade software and database services.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2019
  • Founders: Aristotle Loumis, Chad Bronstein, Erik Shani
  • Number of employees: 101-250
  • Funding: $58,000,000
  • Funding rounds: 4
  • Number of investors: 10 (K2, Sol Global investments, Arcadian Capital, Phyto Partners, Salveo Capital)

You can find their website here.

8) Prima

Prima

Prima is a purpose-driven, best-in-class holistic wellness brand that elevates hemp-based CBD and functionally creative botanicals.

Details of the startup:

  • Country: United States
  • State: California
  • City: Santa Monica
  • Started in: 2018
  • Founders: Christopher Gavigan, Jessica Assaf, Laurel Angelica Myers
  • Number of employees: 1-10
  • Funding: $12,475,000
  • Funding rounds: 2
  • Number of investors: 10 (Lerer Hippeau, Global Founders Capital, Greycroft, Emerald Health Therapeutics, Ben Lamm)

You can find their website here.

9) PharmaCann

PharmaCann

PharmaCann is a vertically integrated and unified medicinal cannabis firm that is revolutionizing the cannabis industry.

Details of the startup:

  • Country: United States
  • State: Illinois
  • City: Chicago
  • Started in: 2014
  • Founders: Teddy Scott
  • Number of employees: 251-500
  • Funding: $121,315,821
  • Funding rounds: 5

You can find their website here.

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