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. However now only about 33 states have allowed cannabis due to their medical value and ten others have allowed cannabis for recreation. 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.
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. 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 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. At the moment there are about 10,000 licenses for the businesses of cannabis in the United States. The cannabis industry is now employing 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. 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.
Other industries in the United States women hold only about fifteen percent of managerial positions. THC cannabis products and plants are mostly thought of by many people when they think if cannabis market. 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.