By now, it’s no surprise that the cannabis industry is poised for explosive growth. By some estimates, the rate of return on investments in the cannabis industry are comparably higher than they were even at the peak of the dot-com boom. To see how much impact the marijuana industry will have on the economy, let’s take a look at the jobs it creates.
According to a new study by Marijuana Business Daily, legal cannabis currently employs between 165,000-230,000 full and part-time workers. This estimate includes both plant-touching companies and ancillary companies like marketing, media, publishing, staffing, software etc.
Putting this in perspective, there are more workers in the cannabis industry than there are bakers or massage therapists in the United States. As more and more executives from other industries join the fray, the economic impact of the marijuana plant will be even greater. According to Forbes.com, the cannabis industry is projected to create more jobs than manufacturing by 2020.
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