Cannabis Market Creating Jobs

Marijuana is safer than unemployment

NEW YORK: The fast-growing cannabis market is expected to create more jobs in the United States. According to the 2017 Legal Marijuana Outlook, published by New Frontier Data, the cannabis industry is expected to create 283,422 jobs by 2020, with an implied growth rate of more than 17 percent compounded over the next four years.

The accelerating pace of cannabis legalization is considered as the main factor that drives the growth of legal cannabis market, which will further create more business ventures and boost the economy.

Giadha Aguirre De Carcer, Founder and CEO of New Frontier Data, said, “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, however, with a projected total market sales to exceed $24 billion by 2025, and the possibility of almost 300,000 jobs by 2020, it remains a positive economic force in the U.S.”

Read full article @ FinancialBuzz

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