Economy and Finance
Marijuana Industry Is Expected to Create 300,000 Jobs in 3 Years (Provided It Stays Legal)
It’s a shame that the Trump administration has since taken a hostile stance towards recreational marijuana. That’s because the growing marijuana industry could create a ton of jobs.
When President Trump was running for office, he ran on a platform that promised to bring jobs back to America; in particular, jobs from the manufacturing sector that had been siphoned off overseas. In light of that, it’s a shame that the Trump administration has since taken a hostile stance towards recreational marijuana. That’s because the growing marijuana industry could create a ton of jobs.
According to data published by New Frontier Data and highlighted by a recent article from High Times, the marijuana industry could wind up creating 300,000 new jobs by the year 2020. That would be more jobs than are expected to be created by the manufacturing sector. It’s also more jobs than are expected to be generated by utilities or the government. These statistics are based on current growth in the marijuana sector, and don’t include states that are likely to legalize marijuana in the near future. They also consider the possibility of a slow down in the growth of the marijuana industry.
Marijuana sales are expected to grow to the tune of $13.3 billion by the year 2020, $11.2 billion of which will be recreational sales. In addition, this financial growth could help support the economy during the next recession. According to Giadha Aguirre De Carcerthe, founder of New Frontier Data, “While we see a potential drop in total number of U.S. jobs created in 2017, as reported by Kiplinger, as well as an overall expected drop in GDP growth, the cannabis industry continues to be a positive contributing factor to growth at a time of potential decline.”
Someone needs to give the Trump administration a reality check. If Trump really wants to rescue the American economy, he needs to back off of the pot issue. Hopefully the rumors that Jeff Sessions is going to respect states rights on this issue will turn out to be true.
Delivered by The Daily Sheeple
We encourage you to share and republish our reports, analyses, breaking news and videos (Click for details).
Contributed by of The Daily Sheeple.