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Intriguing Statistics of Cannabis Industry you didn’t know

Some time ago, it did not look realistic that cannabis would be authorized 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. 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.

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. In the states of America which have accepted cannabis, there are few of them that contribute majorly to the cannabis market of 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. About sixty-two percent of Americans have fully accepted the use of cannabis.

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. Cannabis spending is growing rapidly in America that is why there are many cannabis businesses coming up 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. 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. 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. Undoubtedly, the cannabis industry is booming; I’m sure these statistics have surprised you.

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