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MARIJUANA INDUSTRY JOBS INCREASE BY 15%

Posted: June 11, 2020 in Cannabis industry

At the start of 2020 the cannabis job market was extremely strong, employing nearly 243,700 full-time workers, according to an industry report on the marijuana advocacy website leafly.com.

Leafly’s annual Cannabis Jobs Report noted that “over the past 12 months the expanding industry has created 32,700 new jobs nationwide, making legal marijuana the fastest-growing industry in America.”

Last year the marijuana industry employed 211,000 people. At the start of 2020 that number rose to 243,700.

Three states, Massachusetts, Illinois and Oklahoma, led the way when it came to adding marijuana industry jobs. “As its adult-use market passed its one-year anniversary, Massachusetts added 10,226 jobs. Meanwhile, Oklahoma’s robust medical marijuana industry added more than 7,300 jobs in the past year,” the report stated.

Florida, with more than 300,000 registered medical marijuana patients, the most medical patients of any state, saw a huge sales growth in 2019 — a whopping 93% increase in total sales.

The medical cannabis industry has contributed about $21.7 million in tax revenue for the State of Maryland and created more the 4,000 jobs, according to a report by Beacon Economics

“It’s great to be part of the burgeoning marijuana industry,” said Nicole van Rensburg, CEO of Bloom Medicinals. “The industry provides a lot of jobs, from the employees in our dispensaries, to the construction workers and trades used to build facilities, to the cultivators, supply chain and more. Bloom Medicinals is proud to provide these jobs while also providing safe, compassionate care to all of our customers.”

The Marijuana Industry and Covid-19

As many businesses ground to a halt due to the global pandemic, 8 of the 11 states where some type of marijuana use is legal designated cannabis dispensaries as essential, according to CNBC.

The article points out that sales surged in March, topping “$134 million in California, Washington, Nevada, and Colorado, a 17% increase from the weekly average in 2019. In the second half of March, the average purchase also increased by 47%.”

Cannabis CEOs interviewed by CNBC said if marijuana was legalized at the federal level the marijuana industry could stimulate the economy with tax revenue and new jobs while the country works to get back on track from the economic damage caused by the virus.

“You can just point to the fact that we have been deemed essential, why are we not legal?” marijuana industry investor Matt Hawkins told CNBC. Hawkins is the managing partner of Entourage Capital, a private equity firm with $200 million invested in various cannabis producers. “There is going to be a need for increased tax revenue and where else to look but at a legalized industry like cannabis, that is one of the few growth sectors in the world right now.” 

Marijuana Industry Leader Bloom Medicinals

A family-owned business, Bloom Medicinals provides a better quality of life for its customers with safe and effective products and excellent patient care and services.

Bloom Medicinals recently instituted several Covid-19 safety practices at its dispensaries that include updating dispensary employees on best prevention practices, requiring hand washing breaks and hand sanitizing and more. Read the full article here.

Bloom Medicinals was also recently ranked the seventh fastest-growing cannabis company of 2020 by the data experts at Growjo.com. Bloom Medicinals has had a busy 2020 and the company was awarded two medical marijuana cultivation licenses by Missouri’s Department of Health and Senior Services (DHSS) and four medical marijuana dispensary licenses by Missouri’s DHSS.

Bloom Medicinals was also awarded one medical cannabis license by the Utah Department of Health and two medical marijuana-infused processing licenses in Missouri. Read more about Bloom Medicinals’ growth here.

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