According to a new report by the Nevada Dispensary Association, there was over $500 million in marijuana and marijuana products sold legally in the state in fiscal year 2018 (July 1, 2017 to June 30, 2018).
Of the $529.9 million in marijuana sold, $424.9 million was recreational marijuana, with the remaining $105 million coming from the sale of medical marijuana. These sales brought in nearly $70 million in tax revenue for the state.
The report also found that the legal marijuana industry has brought at least 8,300 new full-time jobs to the state. From this, there was $443.3 million in labor income (direct, indirect and induced).
A new Colorado-based study released by the CDC examines the likelihood of a person being a marijuana consumer based on the industry they currently work in.
The study, titled Current Marijuana Use by Industry and Occupation — Colorado, 2014–2015, was released by the CDC on Friday. Using the 2014 and 2015 BRFSS [Behavioral Risk Factor Surveillance System] data combined, “state-weighted percentages were calculated, and bivariate analyses using a Rao-Scott chi-square test were performed to compare the prevalence of marijuana use by age group, sex, and race/ethnicity.” In addition, “prevalence and 95% confidence intervals (CIs) were calculated to compare the prevalence of marijuana use by industry and occupation.”
Among the combined 26,936 respondents* in the BRFSS 2014 and 2015 surveys, 18,848 (70.0%) were given the opportunity to answer the question of whether they had ever used marijuana or hashish, and 18,674 (99.1%) responded (either positively or negatively) to the question. Of those respondents, 10,169 (54.5%) indicated that they were employed or had been out of work for less than 1 year. Among the 10,169 workers responding, 14.6% reported using marijuana during the preceding 30 days.
According to data compiled by ZipRecruiter, the total number of marijuana industry job posts increased by 445% in 2017, compared to an increase of just 18% one year prior.
“In 2016 alone, nine states made marijuana (either medical or recreational) legal”, states a ZipRecruiter report. “Shortly after, the number of cannabis industry job posts rose dramatically.” According totheir data, “the total number of industry job posts increased by 445% in 2017, compared to an increase of just 18% one year prior.”
The data “also shows that the cannabis industry is growing more rapidly than some of today’s fastest-growing fields. Year over year growth of job posts in the cannabis industry is outpacing both tech (254% growth) and healthcare (70% growth)— by some reports, there are 14% more legal marijuana workers than there are dental hygienists in the U.S.”
There are 149,304 full-time marijuana-related jobs throughout the United States, according to an estimate calculated by Leafly.
This numbers marks a 22% increase from last year, when Leafly found that 122,814 jobs relied on the legal status of cannabis in America. In just 12 months, the legal cannabis industry has added 26,490 jobs to the nation’s workforce.
In order to calculate this, Leafly “devised a method that roughly translated annual sales into FTE (full time equivalent) jobs.” You can find the full explanation of that method here. As noted by Leafly; “Not every job in the industry is a full-time gig. So these figures are FTE jobs, in which two half-time jobs equals one FTE. Also, it’s worth noting that these are jobs supported by legal cannabis. Not every one of those jobs touches the plant.”
The legal marijuana industry in Washington employs thousands in full-time positions, according to a new report.
The report, released by the Washington State Institute for Public Policy (WSIPP), found that at the end of 2016 the legal marijuana industry accounted for the equivalent of 6,227 full-time jobs. With the industry continuing to grow at a rapid pace, that number is likely considerably higher now, as we head deep into the second half of 2017.
The report states that wages for the marijuana industry have totaled $286 million from 2014, to the end of 2016. The average hourly pay rate for the industry has been $16.45 (over $5 an hour more than the state’s minimum wage), with the median range being $13.44 an hour.
It’s been less than four years since the first legal recreational sales in the United States took place in Colorado, but since then, the US marijuana industry has been creating jobs at rapid pace, and there are now more people employed in the pot industry than there are working in a number of common professions.
That’s according to a new report from the Marijuana Business Daily’s Marijuana Business Factbook 2017, which pegged the size of the cannabis labor force at somewhere between 165,000 and 230,000 full- and part-time workers.
That’s compared to 169,000 massage therapists, 185,000 bakers, and 201,000 dental hygienists. And marijuana industry workers are on a path to shortly exceed the number of telemarketers (238,000) and pharmacists (297,000).
Granted, the legal marijuana industry begins with a base of several tens of thousands of workers producing and selling medical marijuana products, especially in California, with its loose medical marijuana law, but the boom is being propelled by growth in the recreational market, and that is only set to continue and accelerate as more legal states come online next year, including California, Maine, and Massachusetts. Nevada joined the ranks of the legal pot selling states on July 1.
California’s recreational pot market by itself could generate around $5 billion in annual retail sales within a few years, doubling the size of the current legal weed market and creating a massive impact on job creation there.
In arriving at its numbers, Marijuana Business Daily included employment figures for retailers, wholesale growers, edibles and concentrates producers, testing labs, and ancillary firms, such as companies providing legal, marketing, security or other services to marijuana companies. The industry daily used a variety of methodologies, including survey data, on the average number of employees for each kind of company in the business, and that data was then applied to the estimated number of companies in each sector to arrive at final estimates.
One important caveat: The employment numbers mentioned here cover only a fraction of the people involved in the marijuana business — those involved in the legal marijuana business. Even when California, Maine, and Massachusetts begin legal retail sales next year, the legal pot states will only amount to about one-fifth of the US population, and people are growing and selling marijuana in all the other states, too. From black market growers to clandestine dabs lab workers to cross-country couriers to dorm-room dealers, the number of people making a living in the illegal pot industry undoubtedly still dwarfs the number doing it legally.
According to a new report released by the Marijuana Policy Group, there were over 18,000 new full-time-equivalent jobs created by the legal cannabis industry in Colorado in 2015 alone. According to the report, titled Economic Impact of Marijuana Legalization in Colorado, the cannabis industry generated $2.39 billion in primary and secondary business revenue last year.
“The Marijuana Policy Group (MPG) has constructed a new model that accurately integrates the legal marijuana industry into Colorado’s overall economy. It is called the “Marijuana Impact Model””, the report states. “Using this model, the MPG finds that legal marijuana activities generated $2.39 billion in state output, and created 18,005 Full-Time-Equivalent (FTE) positions in 2015”.
The legal cannabis industry employs between 100,000 and 150,000 people in the United States, according to the 2016 Marijuana Business Factbook, a report published by Marijuana Business Daily.
The report includes those employed at recreational cannabis and medical cannabis retail outlets, cultivation centers, testing labs and production centers.
To determine the number of jobs created, the report used a calculation that estimated the number of legal cannabis businesses, and the average number of people they employ, to come to a total; they included both full and part-time positions.
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.
Despite being passed into law just a year and a half ago, the legalization of cannabis in Oregon has already created over 2,100 jobs, with many more to come, according to the new Oregon Cannabis Jobs Report. The total number of jobs has already far surpassed the number of people employed in the beer, wine and liquor industry.
According to the report, legalization has created a total of 2,165 new jobs, with a total annual payroll of $46 million. The Oregon Cannabis Jobs Report is sponsored by the consulting firms New Economy Consulting and Whitney Economics.