June 7, 2026

Cannabis Has Dozens Of Public Companies. Wall Street Acts Like It Has Seven

Excerpt from Forbes.com

By Javier Hasse, Jun 02, 2026

Roughly a dozen North American cannabis operators generated more than $50 million in adjusted EBITDA over the last twelve months. At $100 million, a threshold advisers say is closer to where institutional investors begin to care, the number drops to seven.

The seven companies above $100 million also account for the overwhelming majority of total U.S. public cannabis market capitalization. That is not a coincidence. Institutional funds typically cannot take meaningful positions in stocks that do not trade enough volume to support entry and exit, which means scale and liquidity end up correlated. The smaller names trade thinly, which keeps institutions out, which, in turn, keeps the trading thin.

Read the full article here.