Legal Cannabis Industry Employs 16,000 in Colorado, According to New Report
Colorado’s Marijuana Enforcement Division has released its first annual report detailing the state’s legal cannabis industry.
According to the report, there was 74 tons of legal cannabis sold in Colorado in 2014. For those not wanting to do the math, that’s 148,000 pounds, or 4.1 million ounces. In addition, 4.8 million cannabis-infused edible products were sold. Although the majority of cannabis flower sold was to medical patients (55 of the 74 tons), a majority of edibles were sold to recreational consumers (2.8 million of the 4.8 million sold).
Most impressively, the report shows that the legal cannabis industry has brought forth a massive influx of new jobs.
According to the report, there was 9,400 above-board jobs created in Colorado’s cannabis sector since the beginning of recreational sales on January 1st, 2014, raising the total number of individuals employed by the cannabis industry to 15,992.
These numbers are despite the fact that 228 of the state’s 321 jurisdictions prohibit cannabis sales for both recreational and medical purposes.
The full report can be found by clicking here.