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. 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. Other important things which must be known about cannabis is that the cannabis market is dominating America. By the year 2025, the sales of cannabis worldwide are set to be about $150 million with the highest percent of the sales being contributed by America.
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. The American states that have legalized cannabis, only a few of them contribute hugely to the cannabis market in the 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 full legalization of cannabis is favored by about sixty-two percent of 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. The growth of cannabis spending in America there are several cannabis businesses emerging in America. Right now there are about 10,000 licenses for cannabis businesses in the United States. In terms of employment in the cannabis industry, this is a sector that employs more people than other large industries such as coal.
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. 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. One can move to the cannabis industry if a person is looking to earning big and living a decent life.
In the United States, other industries have given women about fifteen percent of executive 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. 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. The cannabis industry is undoubtedly growing, and these are statistics which I’m sure to have taken you by surprise.