Marijuana Industry Employment On The Rise
One of the more obvious results of legalizing cannabis would be the fact that there would be an increase in the job demand, as many more people will be needed to produce and distribute legal marijuana. What was once predicted is now being proven left and write, as Marijuana Business Daily states that the cannabis industry employs 100,000 to 150,000 people, with expectations of increasing.
With legal states reaping the tax benefits and more jobs being introduced to the market, Forbes released a statement saying:
A new report from New Frontier data projects that by 2020, the legal cannabis market will create more than a quarter of a million jobs. This is more than the expected jobs from manufacturing, utilities or even government jobs, according to the Bureau of Labor Statistics. The BLS says that by 2024 manufacturing jobs are expected to decline by 814,000, utilities will lose 47,000 jobs and government jobs will decline by 383,000. This dovetails with data that suggests the fastest growing industries are all healthcare related.
Giadha Aguirre De Carcer, founder and CEO of New Frontier Data, told Forbes, "While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline."
Although the job industry has continued to rise, Americans still fear that cannabis legalization has a major threat. Donald Trump has recently appointed Jeff Sessions as attorney general. So far, only the Mexican drug cartel has received a threat from the President; Sessions has not yet stated his plan on cannabis. However, we do know that last year, Sessions publicly wished for a return to the Nancy Reagan era, when government-funded drug education programs told kids that “good people don’t smoke marijuana.”
Kristi Kelly, executive director of the Marijuana Industry Group, told Denver-based ABC-7, "I absolutely believe that the dismantling of cannabis in Colorado would cause a recession." Brian Ruden, owner of the Starbuds dispensary chain, agrees also. "There are thousands and thousands of jobs that rely on the marijuana industry indirectly," he stated. "Electricians, plumbers, warehouse space – all things are impacted by the industry.”