500,000 Jobs Created in U.S. and Canada From Legal Cannabis Industry

March 03, 2022

TESTSTSARDSAR

500,000 Jobs Created in U.S. and Canada From Legal Cannabis Industry by Johnny Green

No large industry on earth is increasing in size as quickly as the emerging international cannabis industry.

Cannabis is still prohibited in more countries than it is legal for medical or recreational use. However, the ratio becomes more favorable with every passing year.

Even in countries where cannabis laws were reformed and the legal industry currently operates, laws, rules, and regulations are evolving.

The legal industry is just scraping the surface from a job-creation standpoint, although that doesn’t mean that a significant number of legal cannabis jobs don’t already exist.

United States and Canada

Two economic analysis reports were recently released that both explored the number of legal cannabis industry jobs, with one focusing on Canada and the other on the United States.

Canada legalized cannabis for adult use at the national level in late 2018, becoming the first G-7 nation to do so.

Cannabis remains prohibited at the federal level in the United States. However, dozens of states have legalized cannabis for medical and/or adult use and are home to thriving state-level cannabis industries.

According to consulting firm Deloitte, Canada’s legal cannabis industry now sustains over 90,000 jobs. Meanwhile, the United States now sustains over 428,000 legal cannabis industry jobs.

Exponential Growth

In addition to creating over 90,000 jobs, Canada’s cannabis industry has generated over $11 billion in sales since late 2018.

Colorado was the first state to launch legal adult-use sales in the U.S. back in 2014. In just 2020 and 2021 alone, Colorado brought in over $2 billion from cannabis taxes and fees each year.

As Canada continues to increase cannabis product exports to other countries, more jobs, tax revenues, and boosts to local economies will be created.

Current numbers suggest the same will happen in the United States as it continues to move towards a nationally legalized industry.

A link to your site, with your site's name and description as anchor text.





Also in Education

Owning Guns is a Constitutional Right, Unless You’re a Cannabis User

September 28, 2022

Take two of the most hot-button, tendentious issues of our time – cannabis use and gun rights – combine them, and now we really have a debate. As the law currently stands, medical cannabis patients are not afforded their 2nd amendment right to bear arms. Technically, all cannabis consumers are banned from buying guns, but only medical […]

The post Owning Guns is a Constitutional Right, Unless You’re a Cannabis User appeared first on Cannadelics.

Continue Reading

Cannabis policy changes in Africa are welcome. But small producers are the losers

September 28, 2022

TESTSTSARDSAR

Cannabis policy changes in Africa are welcome. But small producers are the losers by Clemence Rusenga

Cannabis is a drug crop with a long history in Africa. Alongside coca and opium poppy, it has been subjected to international control for nearly a century. The International Opium Convention of 1925 institutionalised the international control system and extended the scope of control to cannabis. In 1961 a new international convention was adopted to […]

A link to your site, with your site's name and description as anchor text.

Continue Reading

University of Sydney to Offer Free Cannabis Testing

September 27, 2022

TESTSTSARDSAR

University of Sydney to Offer Free Cannabis Testing by Johnny Green

The University of Sydney is launching a fairly robust study in an attempt to, as the university describes it, “investigate cannabis consumption, behaviours, and attitudes among users.” Part of the study involves offering free, anonymous cannabis testing for people that cultivate their own cannabis in the Australian Capital Territory (ACT). Cannabis was decriminalized in 2020 in the […]

A link to your site, with your site's name and description as anchor text.

Continue Reading