Marijuana Industry Projected To Create More Jobs Than Manufacturing By 2020 in the United States
33 replies, posted
[URL="https://www.forbes.com/sites/debraborchardt/2017/02/22/marijuana-industry-projected-to-create-more-jobs-than-manufacturing-by-2020/#730b1d773fa9"]https://www.forbes.com/sites/debraborchardt/2017/02/22/marijuana-industry-projected-to-create-more-jobs-than-manufacturing-by-2020/#730b1d773fa9[/URL]
[QUOTE]Jobs. That is what the marijuana industry hopes will keep the Trump administration from cracking down on cannabis companies.
A new report from New Frontier Data projects that by 2020 the legal cannabis market will create more than a quarter of a million jobs. This is more than the expected jobs from manufacturing, utilities or even government jobs, according to the Bureau of Labor Statistics. The BLS says that by 2024 manufacturing jobs are expected to decline by 814,000, utilities will lose 47,000 jobs and government jobs will decline by 383,000. This dovetails with data that suggests the fastest-growing industries are all healthcare related.
The legal cannabis market was worth an estimated $7.2 billion in 2016 and is projected to grow at a compound annual growth rate of 17%. Medical marijuana sales are projected to grow from $4.7 billion in 2016 to $13.3 billion in 2020. Adult recreational sales are estimated to jump from $2.6 billion in 2016 to $11.2 billion by 2020.
New Frontier bases these projections on the markets that have already passed such legal initiatives and don't include additional states that could come on board by 2020. Currently there are 25 states with some form of legalized medical marijuana and seven states have legalized recreational marijuana laws that are in various stages of being implemented.
“These numbers confirm that cannabis is a major economic driver and job-creation engine for the U.S. economy,” said Giadha Aguirre De Carcer, Founder and CEO of New Frontier Data. “While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline. We expect the cannabis industry’s growth to be slowed down to some degree in the next three to five years, however with projected total market sales to exceed $24 billion by 2025, and the possibility of almost 300,000 jobs by 2020, it remains a positive economic force in the U.S.”
New Frontier based its projections on analysis from the Marijuana Policy Group, which was hired by Colorado for an economic analysis. According to annual surveys of cannabis professionals by the Marijuana Business Daily, the industry already employs 100,000 to 150,000 workers and nearly 90,000 are in plant-touching companies.[/QUOTE]
One hopes that we in Ireland can grow a medical marijuana industry over here as medical marijuana is becoming legal over here.
It's ridiculous that all this money is just sitting there waiting to be made and the government is sitting on their hands. You know you get to tax the stuff, right?
People just want to get high don't they
It just shows how morally corrupt society is and how we need to bring GOD back into focus to save us from damnation!!!!
[QUOTE=MrJazzy;51878277]People just want to get high don't they[/QUOTE]
I woulnd't blame people considering the current state of the world
[QUOTE=MrJazzy;51878277]People just want to get high don't they[/QUOTE]
Yeah. It's great. I'm paying taxes that benefit my community and I get to smoke. It's a win-win. Is there something wrong with that?
So many poor decisions waiting to be made. So many great effects to be had and taxed on.
[QUOTE=MrJazzy;51878277]People just want to get high don't they[/QUOTE]
Why the fuck does it matter?
[QUOTE=MrJazzy;51878277]People just want to get high don't they[/QUOTE]
Fuck yeah we do
[QUOTE=Megadave;51878587]Why the fuck does it matter?[/QUOTE]
That's why the industry is booming besides textiles and medical uses... Lots of people just wanna get high regardless of its utility.
[QUOTE=Anti Christ;51878446]Yeah. It's great. I'm paying taxes that benefit my community and I get to smoke. It's a win-win. Is there something wrong with that?[/QUOTE]
Are you saying you want our white sisters and daughters fornicating with the Negroes and the Mexicans? The reefer is the devil's leaf. Were is your sense of morality and civil duty? Shameful display of Marxist views.
I like smoking the wacky tobacky
[QUOTE=Anti Christ;51878446]Yeah. It's great. I'm paying taxes that benefit my community and I get to smoke. It's a win-win. Is there something wrong with that?[/QUOTE]
[QUOTE=Megadave;51878587]Why the fuck does it matter?[/QUOTE]
i'm pretty sure mrjazzy smokes too, he wasn't being antagonistic
yall need a joint
[QUOTE=Zukriuchen;51878833]i'm pretty sure mrjazzy smokes too, he wasn't being antagonistic[/QUOTE]
do I even have to confirm this
[QUOTE=Zukriuchen;51878833]i'm pretty sure mrjazzy smokes too, he wasn't being antagonistic
yall need a joint[/QUOTE]
I wasn't being antagonistic either. I asked a genuine question.
Nz has the perfect climate to grow some strong weed but it's illegal here still. Sooner y'all legalise it over in America sooner we will.
[QUOTE=Anti Christ;51878852]I wasn't being antagonistic either. I asked a genuine question.[/QUOTE]
There's nothing wrong with wanting to get high, it's like wanting to get drunk, the world isn't perfect and we all need things in our lives to get us by and for some including me it involves getting high
[QUOTE=Anti Christ;51878852]I wasn't being antagonistic either. I asked a genuine question.[/QUOTE]
You did seem a little defensive though. MrJazzy didn't seem all that critical (especially not with how much he's in Addicts' Lounge).
What do you guys think the outcome of this will be? Based on [url=https://facepunch.com/showthread.php?t=1553936] the administration's current intentions[/url].
[QUOTE=Zukriuchen;51878833]i'm pretty sure mrjazzy smokes too, he wasn't being antagonistic
yall need a joint[/QUOTE]
sorry, I need to get the dick out of my mouth
someone should just set up a bot that tweets this at donald trump all day every day
[QUOTE=Potus;51878288]It just shows how morally corrupt society is and how we need to bring GOD back into focus to save us from damnation!!!![/QUOTE]
Not surprising, considering the country was founded largely by Puritans...
[QUOTE=r0b0tsquid;51878936]You did seem a little defensive though. MrJazzy didn't seem all that critical (especially not with how much he's in Addicts' Lounge).
What do you guys think the outcome of this will be? Based on [url=https://facepunch.com/showthread.php?t=1553936] the administration's current intentions[/url].[/QUOTE]
I genuinely apologize for that, then. That was not my intention.
No hard feelings, Mr Jazzy.
Ffs we need that friendly rating back
[QUOTE=MrJazzy;51878277]People just want to get high don't they[/QUOTE]
That's one of the most common desires for it, but it has a ton of medicinal properties as well.
You can use it to treat a lot of things from cancer to seizures to anxiety, anorexia, fibromyalgia, etc. It's quite a wonder plant.
[QUOTE=JCDentonUNATCO;51878250]It's ridiculous that all this money is just sitting there waiting to be made and the government is sitting on their hands. You know you get to tax the stuff, right?[/QUOTE]
I don't understand how the government still doesn't wants weed to be legal.
They could tax it, and help to curb ilegal sales, right? That's so much win-win, that I have no idea how they haven't done it already.
[QUOTE=Cureless;51879152]That's one of the most common desires for it, but it has a ton of medicinal properties as well.
You can use it to treat a lot of things from cancer to seizures to anxiety, anorexia, fibromyalgia, etc. It's quite a wonder plant.[/QUOTE]
It even reduces my symptoms of IBS which is very cool.
[QUOTE=OrDnAs;51878430]I woulnd't blame people considering the current state of the world[/QUOTE]
Not a day of this administration has gone by where I didn't read the news, and think to myself "I'm not high enough for this shit".
But alas, I have to stay clean in order to find a new job/couldn't afford it if I were free to smoke it, which is a damn shame because it helped shitloads with my anxiety.
[editline]27th February 2017[/editline]
[QUOTE=Elstumpo;51878859]Nz has the perfect climate to grow some strong weed but it's illegal here still. Sooner y'all legalise it over in America sooner we will.[/QUOTE]
Don't be so sure. Even after witnessing the economic boom in Colorado, a lot of places are still, at the very least, on the fence about it because of "moral reasons".
And you know those "moral reasons" take precedence when they have to turn down a cash flow like that.
[editline]27th February 2017[/editline]
[QUOTE=Rocâ„¢;51879225]I don't understand how the government still doesn't wants weed to be legal.
They could tax it, and help to curb ilegal sales, right? That's so much win-win, that I have no idea how they haven't done it already.[/QUOTE]
There's controversy involving why the laws were passed in the first place (the Mexican bogeyman and what-not). They're also likely entirely too prideful to admit that they were so dead wrong about something that resulted in the incarceration of millions of non-violent offenders and wasted countless tax-payer dollars in order to fight a drug that they claim is as dangerous as heroine, but in my personal experience was worlds easier to quit than caffeine.
how's this fit with the narrative of pesky liberals fucking up the economy all the time?
Why can't it be legalised here so we can have a slice of that pie.
[QUOTE=Jame's;51881339]Why can't it be legalised here so we can have a slice of that pie.[/QUOTE]
Just burn the Tories like you used to burn witches so that you can create some room for legalizing it.
Sorry, you need to Log In to post a reply to this thread.