Oregon Economist Beau Whitney Releases Cannabis Jobs Report

12,500 Cannabis Jobs in Oregon Generating $315 Million in Wages

OREGON: Cannabis industry economist Beau Whitney of Whitney Economics today released the results of “Cannabis Employment Estimates,” a report compiled at the request of the Oregon State House of Representatives Committee on Economic Development and Trade on the number of jobs associated with the Oregon cannabis industry and a projection of the economic impact the industry is having on the state.

“On a national basis, the $50 billion cannabis market is essentially the equivalent to the U.S. wine market ($55 billion),” Whitney said. “And there are more than 1,000 businesses in Oregon that touch cannabis. I suspect that this is a very conservative estimate based on limited data from the Department of Employment and the OLCC.

In summary, Whitney’s report found:

  • As of February 21, 2017, there are 917 OLCC licensed cannabis businesses and an additional 1,225 applications for a cannabis business. 2,142 in total. The Oregon Employment Department lists 776 cannabis businesses inOregon
  • There are approximately 12,500 jobs associated with the cannabis industry in Oregon. These are jobs that directly touch cannabis and are not jobs associated with auxiliary businesses such as security, regulatory, accounting, consulting, real estate, etc. This is a very conservative estimate and these numbers are expected to increase once the more detailed analysis is completed
  • At an average wage of $12.13/hour, the total annual wages associated with these jobs are $315 million. With a multiplier of 4, this implies that there is $1.2 billion in economic activity related to these wages

The report does not extend into the supply chain for “shovels or picks,” meaning lights, greenhouses, insurance, real estate, accounting, security, etc.

“At present, I feel there are roughly 300,000 – 400,000 cannabis-touching jobs in the USA,” Whitney said. “That number will grow to more than a million as more states come online as legal markets. Cannabis is a job-creation machine.”

Whitney said a more comprehensive jobs report will be researched and published later in 2017, but this initial update should demonstrate the cannabis industry is a powerful force in the Oregon economic engine.

WeedHire’s Third Quarter 2014 Cannabis Jobs Report Shows Increasing Demand In Government Positions

NEW JERSEY:  The findings of the Third Quarter 2014 Cannabis Jobs Report show significant demand by state governments looking to fill regulatory and other positions, including senior level positions with the Minnesota Department of Health. Annual pay for the positions typically ranges from $60,000 to $105,000.

“With marijuana now legal in 23 states, the green rush has created a huge demand for experienced professionals who can build and operate the apparatus required for regulating and overseeing what is essentially a brand new industry,” said WeedHire CEO David Bernstein. “State governments need to make sure they are equipped to handle what many project to be an explosive growth industry, potentially reaching as much as $10 billion by 2019.”

“A look at the positions available in many of these states show they are taking the issue very seriously,” Mr. Bernstein said.

Sales and Administrative positions continue to see rapid growth and account for 63.3% of the postings on WeedHire through the end of the third quarter of 2014. Dispensaries (24.7 %), Marketing (16.2 %), Website/Online (12.6%), and positions in Doctor’s offices (11.2%) round out the top five job categories.