United States of Marijuana 2018
We are now in 2018 and marijuana still have the status of illegal in the United States
Even with the federal prohibition the marijuana industry has not stopped from growing in the past years.
Despite what most people can consider an unfriendly administration by Washington D.C., nine states and the District of Columbia now allow for recreational marijuana use and 30 allow for medical use. And many more states are now getting alined to join the legalization wave. Weed has become a big business in the U.S.
This new industry took in nearly $9 billion in sales in 2017, according to Tom Adams, managin director of BDS Analytics, which tracks the cannabis industry. Sales are equivalent to the entire snack bar industry, or to annual revenue from Pampers diapers.
That information was even before California opening its massive retail market in January. This new addition of the Golden State is huge for the industry and Adams estimates that national marijuana sales will rise to $11 billion in 2018, and to $21 billion in 2021.
Coming with that wave is the growth on jobs and opportunities created by the industry. There are 9,397 active licenses for marijuana businesses in the U.S., according to Ed Keating, chief of data officer for Cannabiz Media, which tracks marijuana licenses. This includes cultivators, manufacturers, retailers, dispensaries, distributors, deliverers and test labs.
More than 100,000 people are working around the cannabis plant and that number's going to grow, according to BDS Analytics. The industry employed 121,000 people in 2017. If marijuana continues its growth trajectory, the number of workers in that field could reach 292,000 by 2021, according to BDS Analytics.