12. June 2019 · Comments Off on 3 Tips from Someone With Experience · Categories: Financial

Understanding Statistics on Cannabis Industry you didn’t know

Some time back the legalization of cannabis did not look like it would be accepted in the whole of America. In the present times, cannabis has been accepted for medicinal value in about 33 states, and ten others are using it for pleasure uses. 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. Another of the vital things that should be known about cannabis is that America is dominating in the cannabis market. Cannabis sales globally should go to about $150 million by the year 2025 and America is expected to contribute to this huge sales rise.

Presently, about $5.7 million makes up for the American cannabis market that is about four times the tobacco market, and it is as big as the wheat industry. The states in America that have allowed cannabis, just a few of them participate majorly in the cannabis market in USA. If we use this given statistics is that only about seven states only that spent money in 2017. In these seven states, cannabis spending is set to rise. The full legalization of cannabis is favored by about sixty-two percent of Americans.

Acceptance of cannabis has grown hugely throughout all age groups that had in the past not accepted the legalization of cannabis but now have favored legalization of cannabis as well. With the increase of cannabis spending in the United States of America, there are many cannabis businesses coming up and growing in all the states. In the United States, there are about 10,000 licenses right now in American. In matters of employment, in the cannabis industries, this sector employs a lot more people than the coal industries.

There are several jobs being formed in the cannabis industry more so for that who cannot work in the coal industries or the blue collar industries. The average salary for people working in the cannabis industry is about $58, 500 per year whereas the average salary for U.S workers per year is about $52,860. Those looking to earn big and earn decent salaries are best moving to the cannabis industry.

Other industries in the United States women hold only about fifteen percent of managerial positions. A lot of people when thinking about the cannabis market they think of THC cannabis products and plants. Cannabidiol markets are quickly growing also despite many of them joining the CBD industry and gaining from the non-addictive and non-psychoactive cannabis products.

Anxiety and arthritis are some of the health conditions that are treated through the use of cannabidiol oils. Cannabis for pleasure or medicinal use is now regularly used by about 55 million Americans. Undoubtedly, the cannabis industry is booming; I’m sure these statistics have surprised you.

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