Even in the pandemic, cannabis workers in the plant market are on the rise. Investment in the cannabis industry had been predicted for some years now, as already in 2019 a report from the Bank of Montreal stated that the marijuana market could move up to $ 194 billion by the end of 2026.
But recently, an expert review by Marijuana Business Daily, a news portal on the cannabis business, identified that by the end of 2020 there will be more cannabis workers in the marijuana industry than computer programmers. The herb market is expected to employ 295,000 people by the end of the year and generate 575,000 jobs by 2024, doubling the number of employees.
In other words, the dream of working with marijuana is closer and goes far beyond growers. Currently, companies in the industry are responsible for more than 200,000 jobs of cannabis workers in the United States and this chain involves not only growing the plant, although most know how to grow their own marijuana before even looking for a job. This involves delivery drivers, extraction technicians, bidders, among other professionals.
In addition, other professions involved in the process are: equipment manufacturers, journalists, analysts, consultants, that is, the legal marijuana industry is also capable of generating jobs for people who do not even work in direct cultivation of the plant.
Still according to a study by Marijuana Business, the legal plant industry in the United States generated between 165,000 to 210,000 jobs in 2019 alone. Therefore, in 2020 the expectation is that the numbers will reach almost 300 thousand, a greater number of cannabic employees than in the field of computing and programming in the American country.
Most of this job increase is driven mainly by the states of Illiniois and Michigan, which legalized the sale of cannabis in the winter of last year.
It is worth pointing out that these numbers are still low, since, with the arrival of the Covid-19 pandemic, the cannabis industry reduced its growth expectations for 2020. In fact, experts projected that by the end of 2021 the marijuana market would generate about 400,000 jobs and the emergence of the virus ended up delaying those plans.
In the financial sector, the cannabis market is forecast to be worth up to $ 73 billion by the end of 2027.
Fortunately, cannabis growth in the U.S. was not so negatively impacted during the pandemic, as most states have enacted grass as an essential product for consumption, ensuring that licensed stores remain open for normal sales during the period of social isolation.
Even in some states, such as Oregon, the plant’s consumption increased by more than 10% in the quarantine months, serving for recreational, stimulating, de-stressing or other uses for people who need to remain isolated for a long time.
With the growth of operations and with more American states legalizing the use of marijuana, the forecast is that there will be an increase of up to 50% of the jobs in the cannabis branch by 2020.
Even with the strict regulation in the legal cannabis industry in the United States that bothers some startups, these restrictions are necessary to ensure job creation. Thus, in all states where the plant is legalized, it can only be sold through licensed outlets that have dedicated employees.
For this reason, the marijuana retail sector is currently responsible for most jobs in the cannabis industry.
However, the provision of $ 600 emergency aid to qualified American citizens is still a major discussion in the US government. With supporters and detractors, there is still no certainty for how long the aid will be delivered and if the subsidy is cut soon, this may also impact the projection of cannabis sales in the country.