Although President Trump has attempted to caress the once prosperous crevasses of the blue-collar working class by promising to bring back coal, the reality is this industry is dead. Some of the younger generations do not have any idea how this combustible rock is even utilized in this day and age, much less care about resurrecting jobs that would require them to work hundreds of feet beneath the Earth in dangerous conditions without a canary. Yet jobs are making a comeback in the United States—this is clear. But it has nothing to do with Trump and his pseudo-political mission to “Make America Great Again. The bulk of this growth is all because of legal marijuana. In other words, legal weed is the new coal.
The consulting firm Arcview estimates the legal cannabis industry will generate $40 billion and create 400,000 new jobs by 2021. In a report published earlier this week, just one day after California officially launched its full legal recreational market, the company projects the business of growing and selling weed will experience a 150 percent increase from the $16 billion that was earned in 2016. It seems the act of bringing down prohibition in more states across the nation has set the stage for a wealth of economic growth in the immediate future, one which will continue to contribute to the prosperity of the America workforce.
What is most impressive about the latest data is it shows an American population being given an opportunity to make a better life for itself, despite the industry’s outlaw status in the eyes of the federal government. It is progress that is allowing thousands of laborers, farmers, and friendly faces in jurisdictions throughout the country the unique position to flourish in an industry that is still cutting its teeth. The bulk of the workers employed by the cannabis industry are earning anywhere between $15-20 per hour. Considering the nation’s measly minimum wage ($7.25), finding a role in the world of cannabis could be a saving grace for those folks jettisoned from other industries or just trying to do more than take orders at the local McDonalds.
The Effect On Other Industries
In reality, the revenue coming from the cannabis trade begins long before retail shops sell their first ounce.
Last year, a Continue Reading
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