Cannabis Is Becoming A Huge Job Creator

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by Kevin Murphy:

Discussions about job growth in the U.S. tend to focus on industries such as technology and health care. But the biggest boom may be happening in cannabis.

Even though cannabis use in some form is legal in only two-thirds of the states, our burgeoning industry is among the fastest-growing job markets in America. According to cannabis information hub Leafly’s 2019 Cannabis Jobs Count, cannabis directly employs more than 211,000 full-time workers in the U.S. Add indirect jobs and the total number of full-time workers dependent on the legal cannabis industry hits nearly 300,000. No wonder Leafly calls cannabis “America’s hidden job boom.”

The industry added more than 64,000 jobs last year — a 44% increase — and is expected to create another 20,000 jobs this year in California and Florida alone.

In 2018, as its medical marijuana industry ramped up, Florida added the most jobs of any state — more than 9,000, equaling an eye-popping 703% increase, according to Leafly. The number of jobs jumped in concert with the number of medical cannabis patients, whose numbers rose from roughly 65,000 to 165,000 over the same 12 months. It could go even higher if Florida also legalizes the adult use of cannabis.

The highest concentrations of jobs are in states where cannabis is legal for both medical and adult use, including Colorado and Washington.

Another bonus: Professional and technical workers, such as accountants, lab workers, marketers and tax experts, make up more than half of the new workforce. That’s led to a median annual salary of $58,511, almost 11% higher than the overall U.S. median.

Leafly started counting cannabis jobs three years ago because the federal government won’t. Cannabis is still a Schedule 1 drug at the federal level, equated with heroin, and is considered to have no medical value. Therefore, cannabis jobs are considered illegal. That makes them untouchable as far as the Department of Labor and its Bureau of Labor Statistics (BLS) is concerned.

In spite of the scheduling status, the cannabis market itself is booming. Leafly says legal cannabis sales increased 34% nationwide in 2018, to $10.8 billion. Most states now have some form of legal cannabis use. Of the states that are holding out, several are now considering decriminalizing the plant. Washington, D.C., and 10 states have also lifted prohibitions against recreational cannabis use by adults...

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