cannabis industry

Marijuana Businesses Now Employ Over 100,000 People in the United States

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By Eli McVey, Marijuana Business Daily

The U.S. marijuana industry has quickly become a major job generator, with cannabis-related companies now employing an estimated 100,000 to 150,000 workers.

The estimates – released in the 2016 Marijuana Business Factbook – include employment at retailers, wholesale grows, infused products/concentrates companies, testing labs and ancillary firms focused primarily on marijuana.

It’s an impressive feat for an industry that has, for the most part, only been operating legitimately since 2009, and it underscores the rapid growth in the both the number and size of companies in the sector.

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Report: Legalizing Cannabis in Ohio Would Create 35,000 New Jobs

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An initiative to legalize cannabis that’s set to be placed on this November’s ballot in Ohio would create nearly 35,000 new jobsMedical marijuana is shown in a jar at The Joint Cooperative in Seattle, according to a report released today by Hamilton County Prosecutor Joseph T. Deters.

“Legalization is coming to Ohio”, says Deters, who served as state treasurer from 1999 to 2004. “We need to accept the reality is going to happen”.

“Why in the world knowing this is coming would we let the bad guys have the money?” Deters wondered, noting that the black-market for cannabis continues to thrive . “I have come to believe the current laws hurt minorities”

Read moreReport: Legalizing Cannabis in Ohio Would Create 35,000 New Jobs

Legal Cannabis Industry in Colorado Brings Forth Nearly 10,000 New Jobs

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In addition to increased tax revenue and a potential decreasecolorado in crime, one of the biggest benefits being seen from the legalization of cannabis in Colorado is a large number of new jobs. According to data from the state’s Department of Revenue, 9,641 people have been licensed to work in the legal cannabis industry as of May 1st. According to Politico, this is “about the same number of Coloradans employed as law-enforcement officers”.

In April, just three months after the start of such sales, there were $22 million in recreational cannabis products sold, with just a few dozen outlets open. The state garnered approximately $3.5 million in taxes from these sales in April.

Read moreLegal Cannabis Industry in Colorado Brings Forth Nearly 10,000 New Jobs

Cannabis Industry Investors Commit Over $1 Million in Denver Meeting, Donate $22,000 to Flood Relief

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The ArcView Group, a cannabis investment firm ran by SSDP co-founder Troy Dayton and cannabis entrepreneur and activist Steve DeAngelo, has brought in another million dollars+ to the cannabis industry and movement at an event in Denvermarijuanamoney, in addition to over $20,000 for flood relief, to be donated to the Lyons Community Foundation. The group has held previously successful meetings in Seattle and New York.

Read moreCannabis Industry Investors Commit Over $1 Million in Denver Meeting, Donate $22,000 to Flood Relief