Smart Ideas: Revisited

Intriguing Statistics of Cannabis Industry you didn’t know

Some time back the legalization of cannabis did not look like it would be accepted in the whole of America. In the present times, cannabis has been accepted for medicinal value in about 33 states, and ten others are using it for pleasure uses. Read on to know some important and captivating facts about cannabis which will show that this industry has grown greatly and also show you the greatness reasons. Another of the vital things that should be known about cannabis is that America is dominating in the cannabis market. By the year 2025, the sales of cannabis worldwide are set to be about $150 million with the highest percent of the sales being contributed by America.

Currently, the cannabis market in America is about $5.7 million total to four times the tobacco market and also as big as the wheat industry. The states in America that have allowed cannabis, just a few of them participate majorly in the cannabis market in USA. Going by the latest information there are seven states which spent millions on cannabis by 2017. However cannabis spending is expected to rise in these seven states. The complete legalization of cannabis is accepted by about sixty-two percent Americans.

Legalization of cannabis has grown greatly in all age groups but not in the past where it was not accepted however now they have accepted the use of cannabis. The growth of cannabis spending in America there are several cannabis businesses emerging in America. Right now there are about 10,000 licenses for cannabis businesses in the United States. In matters of employment, in the cannabis industries, this sector employs a lot more people than the coal industries.

There are several jobs being formed in the cannabis industry more so for that who cannot work in the coal industries or the blue collar industries. The average salary for other industries workers per year is $52,600 but for those in the cannabis industry is it about $58,500. Those looking to earn big and earn decent salaries are best moving to the cannabis industry.

In the United States, other industries have given women about fifteen percent of executive positions. Several people when considering the cannabis market think of THC cannabis products and plants. Cannabidiol markets are rapidly growing too, but many people are joining the CBD industry and benefitting from the non-addictive and non-psychoactive cannabis product.

Anxiety and arthritis are some of the health conditions that are treated through the use of cannabidiol oils. At the moment about 55 million regularly use cannabis either for recreational and medicinal purposes. The cannabis industry is undoubtedly growing, and these are statistics which I’m sure to have taken you by surprise.