Did you know that the global cannabis market is expected to reach $2.8 billion in 2025?
It goes beyond medicinal and recreational products. The cannabis industry has disrupted the agricultural side, and the sector continues to grow. With national and international legalization, the cannabis industry has a bright future.
If you want to learn more about the marijuana industry, continue reading below for cannabis statistics that will shock you.
1. The Cannabis Industry Is Growing at an Unprecedented Rate
The demand for cannabis is increasing at a rapid rate. It is estimated that the demand for cannabis will continue to grow exponentially in the next decade.
These numbers are fascinating, especially considering the fact that the industry is still in its infancy. It is expected that the industry will continue to grow at a rapid pace and that it will eventually be worth trillions of dollars.
2. The Cannabis Industry Is Worth Billions of Dollars
Did you know that the industry is worth billions of dollars? This is because cannabis is now legal in many US states.
Cannabis industry statistics show that the industry is worth billions of dollars because most of this value is generated by the legal market, with the illegal market accounting for a much smaller percentage. The legal market is also responsible for generating billions of dollars in tax revenue for state and local governments.
3. The Cannabis Industry Employs Thousands of People
In recent years, the cannabis industry has seen explosive growth. Today, it employs thousands of people across the United States. Cannabis businesses are responsible for creating over 400,000 jobs in the United States, with the industry expected to make even more jobs in the future.
The industry is also responsible for significant tax revenue and is a primary driver of the economy. With such impressive growth and diversity, it’s clear that the cannabis industry is here to stay.
4. The Surprising Health Benefits of Cannabis
Cannabis is known for its therapeutic properties and is now used to treat various medical conditions. More research is needed on the drug to fully understand its health benefits, but there are some intriguing therapeutic effects associated with cannabis.
Some of these reported health benefits include decreased inflammation, decreased anxiety, and more.
5. The Cannabis Industry is Helping to Fight the Opioid Crisis
In states where medical and recreational cannabis is legal, there has been a significant decrease in the number of opioid-related deaths. This is presumably because many cannabis users use it to supplement or completely replace opioids, since cannabis can help decrease pain for some people.
These cannabis statistics show that the industry is increasing and becoming more accepted and normalized. If you are thinking about entering the cannabis industry, now may be the time.
Trevor Anderson wrote this article on behalf of FreeUp. FreeUp is the fastest-growing freelance marketplace in the US. FreeUp only accepts the top 1% of freelance applicants. Click here to get access to the top freelancers in the world.
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