Statistics you didn’t know of Cannabis Industry
Some time ago, it did not look realistic that cannabis would be authorized in the whole of America. However now only about 33 states have allowed cannabis due to their medical value and ten others have allowed cannabis for recreation. These are some vital and intriguing statistics on cannabis that will confirm how the cannabis industry has greatly grown and the reasons of its greatness. America is being dominated by cannabis market which is also another aspect to be noted. Cannabis sales globally should go to about $150 million by the year 2025 and America is expected to contribute to this huge sales rise.
Currently, the cannabis market in America is about $5.7 million total to four times the tobacco market and also as big as the wheat industry. In the states of America which have accepted cannabis, there are few of them that contribute majorly to the cannabis market of USA. By using this provided data that are about seven states that spent millions in 2017. However cannabis spending is expected to rise in these seven states. The complete legalization of cannabis is accepted by about sixty-two percent Americans.
Legalization of cannabis has grown greatly in all age groups but not in the past where it was not accepted however now they have accepted the use of cannabis. Cannabis spending is growing rapidly in America that is why there are many cannabis businesses coming up in America. At the moment there are about 10,000 licenses for the businesses of cannabis in the United States. In matters of employment, in the cannabis industries, this sector employs a lot more people than the coal industries.
There are tons of jobs being created in the cannabis industry especially for those who can no longer work in the blue-collar and coal industries. People working in the cannabis industry is about $58,500 annually while the average salary for other U.S. workers annually is about $52,600. Those looking to earn big and earn decent salaries are best moving to the cannabis industry.
The executive positions allowed for women in other industries in the United States is about fifteen percent. Several people when considering the cannabis market think of THC cannabis products and plants. Cannabidiol markets are rapidly growing too, but many people are joining the CBD industry and benefitting from the non-addictive and non-psychoactive cannabis product. Many health conditions are treated by the use of cannabidiol oils such as anxiety and arthritis. At the moment about 55 million regularly use cannabis either for recreational and medicinal purposes. No doubt cannabis industry is booming, and unless you are a specialist you must be surprised with these statistics.
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