Budding Jobs: Potential Cannabis Market Job Growth

  • The estimated total of legal-market jobs in 2019 is 340,000, growing to 743,000 by 2025.
  • Year-over-year, total U.S. legal-cannabis jobs increased by 81,900 from 2018 to 2019.
  • The total associated legal-market wages in 2019 amount to $12.4 billion.
  • The estimated total addressable market (TAM) in 2019 is $77.6 billion, with an estimated
    legal-market demand forecast of $13.6 billion, and an illicit-market forecast of $64.0 billion.
  • Assuming full federal legalization, there would be 1.46 million jobs in 2019, growing to 1.63 million jobs, garnering $52.9 billion and $59.5 billion in wages, respectively.

 

Receive the best hemp news in the industry delivered to your inbox every week!

The post Potential Cannabis Market Job Growth appeared first on New Frontier Data.

The preceding article is from one of our external contributors. It does not represent the opinion of Benzinga and has not been edited.
 

Image Sourced from Pixabay

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsMarketsGeneralcannabis industryjobsNew Frontier Data
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on bzcannabis.com – Prices will increase very soon!


Loading...