|When it comes to discussions about Cannabis jobs growth, particularly in the US, people typically focus on industries like healthcare, technology or manufacturing. However, as of late, the biggest boom has been around the cannabis job industry. |
In 2019, the legal marijuana industry created 211,000 full-time jobs in the US – over 64,000 of which were added in 2018.
A New Frontier Data report estimates that the legal cannabis industry will create over a quarter of a million jobs by 2020 – which is more than the expected number of jobs to be created in utilities, manufacturing or even the government sector.
This report indicates that there will be more than 198,195 jobs in 2020 due to cannabis’s legalization.
A fourth annual cannabis jobs report released by Leafly indicates that 243,700 professionals in the US are currently employed in the cannabis industry as of Q1 2020.
We’ve just skimmed the surface – More Cannabis Job Statistics
In order to understand and appreciate the rate at which cannabis . Occupations are storming the US job market . it’s important to take into consideration some of the statistics collected in the last few years.
For instance, in 2016 the legal cannabis market was worth approximately $7.2 billion . And projected at the time to grow at a 17% annual compound rate. Medical cannabis sales were projected to grow from $4.7 billion to $13.3 billion between 2016 and 2020.
These numbers are important – because they confirm that cannabis has been a major US economic driver. By creating jobs across multiple occupations, which we will be discussing later down the article.
According to an annual survey conducted in 2016 by Marijuana Business Daily, . The cannabis industry was employing between 100,000 to 150,000 workers each year. And almost 90,000 among them were working in plant-touching companies.
The year 2016 marked another milestone in the cannabis job market . Who were complying with all state medical cannabis laws and court rules.
The majority of people already working in the cannabis industry seem grateful and consider themselves “lucky” . To be working for cannabis producing companies.
In fact, the cannabis industry now attracts professionals from more traditional industries who seek new challenges and unique job environments.
How does this growth stack against other jobs?
Technical and professional workers like tax experts, accountants, marketers, trimmers, budtenders, lab assistants, dispensary managers and cultivation directors make up over half of the new workforce . with an annual median salary of $58,511 which is nearly 11% higher than the average overall US median.
The Bureau of Labor Statistics (BLS) projected a job-creation rate in the cannabis industry of 110% between 2017 and 2020. Canada has already added cannabis as a ‘job industry’ to its everyday . Statistical gathering in anticipation of full legalization that had taken place in fall of 2018.