Menu
Cart 0

Number of new jobs in Marijuana will surpass those for manufacturing by 2020

Posted by Matt Rowland on

As Donald Trump continues to make huge, sweeping promises to the coal and manufacturing industries about massive increases in job creation in the coming years, the marijuana industry is essentially thriving.  So much so, in fact, that according to a new report, legalized weed will be employing more people than all other manufacturing industries combined by the year 2020. 

The report was recently published by New Frontier Data, a highly regarded Think Tank for the legalized cannabis industry.   According to its CEO Giadha Aguirre De Carcer the United States can expect to see an increase in job creation of perhaps 300,000 in the next three years. Meanwhile, information obtained from the U.S. Bureau of Labor Statistics predicts that conventional manufacturing jobs will decline by as much as 814,000 jobs by the year 2024. 

Marijuana jobs on the rise

In July 2016, the legalized marijuana industries employed an estimated 100,000 to 150,000 people nationwide, according to information published in the Marijuana Business Journal. The related jobs include everything from cashiers at local dispensaries to growers, scientists, technical advisors, and other cannabis-related periphery startups like Yelp of Weed.

(Related Article:   HAWAII PROPOSES SB 1055 TO BAN E-CIGS (BUT NOT CIGARETTES) & HB 205 TO LEGALIZE MARIJUANA)

The more recent study published by New Frontier Data based its jobs creation predictions partially on data obtained by the Marijuana Policy Group, a Colorado consulting firm with a long history of collaboration with the weed industries.  The prediction of an estimated quarter of a million new jobs is based on the assumption that all 50 states will eventually have some sort of legalized weed program already in place by 2020.  Currently, only 22 states lack any sort of legislation legalizing recreational or medical marijuana.

Donald Trump, Jeff Sessions, Sean Spicer, and marijuana

It’s been an amazing year for the marijuana industry with some eight new states voting to legalize weed to some degree.  That brings the current total to 28 states with some form of legalization legislation already on the books.  Yet pro-jobs Donald Trump seems to be sending mixed messages about the future of the weed industry.

(Related Article:  LEGALIZED MARIJUANA VS. VAPING OVER-REGULATION: THE MYSTERIOUS DOUBLE STANDARD)

Just last week, White House Press Secretary sent shockwaves through the cannabis community when he seemed to imply that newly confirmed U.S. Attorney General Jeff Sessions might decide to more aggressively enforce federal legislation that prohibits the sale of recreational marijuana.

"I think that's a question for the Department of Justice — I do believe that you'll see greater enforcement of it [marijuana].”
"There's still a federal law that we need to abide by when it comes to recreational marijuana and other drugs of that nature."

As a general rule, federal law always trumps state law.  So, theoretically, Sessions has the federal authority per the U.S. Constitution to put all recreational marijuana dispensaries out of business.

But it would take a massive army of law enforcement officers to accomplish this goal, and a huge chuck of financial capital.  For these reasons, many political insiders agree that enforcing these anti-weed federal laws is growing more unlikely with each passing year simply because more and more states keep jumping on the legalized weed bandwagon.

(Related Article: WEED UPDATE: SEAN SPICER COMMENT SENDS MARIJUANA INDUSTRY INTO STATE OF PANIC)

 


Share this post


The opinions expressed in this article are those of the author's and do not necessarily represent the viewpoints, policy or company position of Vapes.com, the rest of our staff, and/or any/all contributors to this site.



← Older Post Newer Post →


Leave a comment

Please note, comments must be approved before they are published.