The US cannabis industry currently generates over 440,000 full-time jobs

L’US cannabis industry in recent years as a major contributor to job creation and economic growth. According to 2024 Vangst Jobs Report, published by the Denver, Colorado-based recruitment platform for the cannabis industry.’cannabis industry currently represents 440,445 «full-time equivalent» positions, an increase of more than 5% in 2023 alone.

Employment growth and economic trends

The steady increase in employment in the cannabis industry for over 10 years in the United States has gone hand in hand with the rise of state-by-state legalization. In 2023, the industry recorded 22,952 new jobs, representing a year-on-year increase of 5.4%. This growth trajectory is accompanied by rising revenues, with total sales of cannabis products reaching $28.8 billion in 2023, an increase of $2.7 billion. compared with the previous year.

Looking ahead, forecasts point to continued expansion, with anticipated revenue growth of 9% in 2024 and 2025. Particularly robust job markets are expected to emerge in states such as’Ohio, New York, the New Jersey and the Maryland, where cannabis industries are set to develop and mature further.

Sector trends and opportunities

Karson Humiston, founder and CEO of Vangst, is delighted with the evolution of the cannabis industry When we launched Vangst, thecannabis industry had fewer than 50,000 full-time employees. Less than a decade later, there are 440,445 full-time employees in the cannabis sector, and that number will continue to grow.».

The resumption of’employment in the cannabis sector marks a decisive turning point after a marginal decline in the number of jobs between 2022 and 2023. This upward trajectory underlines not only the economic resilience of the cannabis industry, but also its potential as a booming employment market.