The first cannabis IPO (initial public offering) was that of Canopy Growth Corporation, a Canadian cannabis company that was founded in 2013 and went public on the Toronto Stock Exchange in 2014. Canopy Growth was the first cannabis company to list on a major stock exchange and paved the way for other cannabis companies to go public.

Since Canopy Growth’s IPO in 2014, several other cannabis companies have gone public, including Aurora Cannabis, Tilray, and Cronos Group. The cannabis industry has experienced significant growth in recent years, with the global market for legal marijuana projected to reach $146.4 billion by 2025. As a result, many investors have been eager to participate in the growing industry through publicly traded cannabis companies.