Cannabis Statistics and Facts That Will Blow Your Mind
Written by Bojana Petkovic
The cannabis industry is one of the biggest growing industries at the moment. That shouldn’t come as a surprise considering the fact that it can potentially benefit to some people’s health through medical use, not to mention its recreational properties.
If you want to learn more about the cannabis industry and be speechless in the process, check out these statistics and facts!
General Stats and Facts
Believe it or not, in 2015 approximately 183 million people worldwide used cannabis. Of them, 11 million were young adults in the US between the ages of 18 and 25. These numbers were the reason why in 2015 cannabis was the most commonly used illicit drug in the US.
In 2017, the worldwide cannabis market grew by 37% and reached $9 billion in sales. In comparison, that’s equivalent to the annual revenue of Pampers diapers. It’s also more than the entire snack bar industry and nearly nine times higher than sales of Oreo cookies.
In 2018, the entire cannabis industry was worth $10.4 billion in the States. The most profitable area was the medical cannabis industry with $5.1 billion worth, then the recreational cannabis industry with $3.2 billion worth, followed by the hemp industry with $820 million and CBD oil with $202 million worth.
According to a 2018 report, California is a leader in the cannabis market with $2.75 billion total, right before Colorado with $1.56 billion. The list continues with Washington ($1 billion), Oregon ($778 million) and Massachusetts ($106 million), concluding the top 5 states in the industry.
According to a 2014 study, 60% of the users were men. Out of those, 24% were Americans aged 18 to 29, 13% were aged 30 to 49 and 11% were aged 50 to 64. According to the newest studies, seniors are the fastest-growing population of cannabis users in the US.
Its medical value is still being discussed though, in 2014, 8 out of 10 doctors supported the idea that cannabis should be legalized nationally and that it can make a difference in their patient’s lives. In 2018, 93% of American voters supported the legalization of medical cannabis.
Employment Stats and Facts
In 2017, the industry employed 250,000 people. Only one year later, in 2018, there were 9,397 active licenses for cannabis businesses in the US alone. According to some estimates, the job growth in the industry outpaces even other fast-growing fields like health care and tech.
The entry-level positions make up the vast majority, with budtrimmers (who prepare cannabis plants for retail sale) earning $8-12 an hour and budtenders (who sell cannabis at dispensaries) making about $14 an hour.
And what about the master growers? Horticulturalists start with around $40,000 a year and botanists with $60,000. Pharmacologists start at $40,000 too but they can reach up to $100,000 a year if they manage several dispensaries.
Women hold around 36% of executive positions, in comparison to only 15% in other industries. They are also well-represented in some areas of the cannabis industry, like testing labs where they hold 63% of high-level positions.
The Bottom Line
As you can see, the industry is growing rapidly and the numbers will only go up in the future. According to some estimates, if cannabis is legalized throughout the world, it will surpass even the cigarettes industry with sales.
This opens up a lot of opportunities to start a career in the cannabis industry. With competitive salaries and jobs in demand, it will be very easy to advance if you are qualified.
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