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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. 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. 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.

At the moment, the American cannabis market is about $5.7 million which is four times the tobacco market and also big like the wheat market. In the states of America which have accepted cannabis, there are few of them that contribute majorly to the cannabis market of USA. Going by the latest information there are seven states which spent millions on cannabis by 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. The growth of cannabis spending in America there are several cannabis businesses emerging in America. At the moment there are about 10,000 licenses for the businesses of cannabis 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.

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. Cannabidiol treats a wide range of health concerns such as anxiety and arthritis. Cannabis for pleasure or medicinal use is now regularly used by about 55 million Americans. The cannabis industry is undoubtedly growing, and these are statistics which I’m sure to have taken you by surprise.