Employment growth in the marijuana industry continues to drive growth in cannabis stocks.
There is no doubt that the cannabis industry has provided work for thousands of people around the world. However, a new study has shown how beneficial the cannabis stocks and the cannabis industry are to the economy. A new report shows that there are nearly 250,000 full-time jobs in the marijuana industry. These jobs span major pot stocks, mom and pop dispensaries, and more. In the world economy devastated by COVID-19, the signs of job growth are extremely exciting. The economic impact of the cannabis industry has led to more and more cannabis legislation enacted.
Why did marijuana stocks soar at the end of July?
The report shows that employment growth in the cannabis industry is increasing at a rate of 15% every year. In the past year alone, the cannabis industry has created more than 30,000 full-time jobs. As a result, hemp stocks have made hemp the fastest growing sector in the United States. However, it is worth exploring more to understand this method of job creation. With so many cannabis stocks working full-time, it doesn’t look like this will slow down anytime soon.
Where is the job growth in the cannabis industry
Although we like to think that job growth occurs only in entertainment countries, it seems comprehensive. Major cannabis stocks in the United States, such as Green Thumb Industries Inc., continue to grow and add more jobs. Cannabis stocks like these help drive states like Oklahoma and Florida to create more cannabis-based jobs in the United States. In the past few months, the cannabis industry in Florida, in particular, has achieved incredible growth. Although the current state is only for medicinal cannabis, there are still more than 300,000 registered cannabis users.
In 2019, sales in the Florida cannabis industry increased by 90%. This fantastic growth means that employees are needed to power the industry. However, states such as Florida are only the starting point. During that time, more mature cannabis industries like California have seen greater growth. Therefore, many people believe that marijuana stocks will continue to grow, adding more jobs every year.
Which state employs the most people in the cannabis industry?
Well, the most obvious answer is California. As the world’s largest cannabis industry, the state has more people working in cannabis than any other state. Currently, research shows that there is a job for every 165 people in the state who use marijuana. This is an incredible number, and this number will grow soon.
Other mature cannabis industries, such as Colorado and Washington, also have a lot of cannabis-based jobs. The largest cannabis industry will have the most employment opportunities in this market. However, to increase cannabis stocks and subsequent industrial growth, the government needs to enact new legislation. With this in mind, job creation remains one of the most essential parts of the future of the hemp industry.
This article is issued by New Cannabis Venture.