26. May 2019 · Comments Off on If You Think You Understand , Then Read This · Categories: Financial

Intriguing Statistics of 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. As of now, about 33 states have accepted cannabis for medicinal use, and ten others legalized cannabis for pleasure uses. Read on to know some important and captivating facts about cannabis which will show that this industry has grown greatly and also show you the greatness reasons. 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 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. But cannabis spending is set 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 tons of jobs being created in the cannabis industry especially for those who can no longer work in the blue-collar and coal industries. The average salary for other industries workers per year is $52,600 but for those in the cannabis industry is it about $58,500. 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. THC cannabis products and plants are mostly thought of by many people when they think if cannabis market. There is a rapid growth of the cannabidiol markets with many people joining CBD industry to enjoy the non-addictive and non-psychoactive cannabis products. Many health conditions are treated by the use of cannabidiol oils such as anxiety and arthritis. Cannabis for pleasure or medicinal use is now regularly used by about 55 million Americans. No doubt cannabis industry is booming, and unless you are a specialist you must be surprised with these statistics.

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