Mind-Blowing Facts You Need to Know About the Cannabis Industry

Marijuana is no longer reserved for hush-hush talks, but informed, open discussions – no matter if you are a marijuana supporter or not. On the one hand, federal law does not make a difference between marijuana and LSD, and marijuana possession arrests are still very frequent (especially for a certain part of the population). On the other, marijuana statistics supporting its health benefits helped turn it into a prescribed medicine besides being a relaxation aid.

The more we learn about the cannabis seed and what it can do for our health, the more we are left speechless. It helps us relax even in the most stressful situations, especially in cases where modern medicine fails to deliver. And the most fascinating fact about all this is that you can grow it at home and by yourself. There are a bunch of Youtube videos that will help you along the process of cultivation and great seedbanks that sell any type of seeds you can imagine. Chances are it will continue to surprise us.

While we are waiting for new discoveries, check out these astonishing facts about the cannabis industry that will make your jaw drop.

The US Cannabis Industry Was Worth $10.4 Billion in 2018.

Cannabis statistics show the industry is one of the fastest-growing industries in the world at the moment. According to some estimates, it was worth $10.4 billion in 2018, and the market will grow at a rate of 30% per year.

The cannabis industry includes medical cannabis (worth $5.1 billion), recreational cannabis (worth $3.2 billion), hemp (worth $820 million), and CBD oil (worth $202 million).

In 2014, 8 out of 10 Doctors Said Medical Cannabis Should Be Legalized.

More research is still needed to uncover the full potential of the cannabis plant, but what we have learned so far is that it may have a positive effect when it comes to managing pain, treating depression, bone fractures, and more.

It also shows great promise in treating chemotherapy-related symptoms in cancer patients. Additionally, their appetite is increased, which consequently hinders further weight loss.

Women Held 36% of Executive Positions in 2018.

In 2018, women held around 36% of executive positions, compared to only 15% in other industries. But that is not all. It seems that the cannabis industry can offer a competitive salary as well, especially when it comes to job seekers with degrees in botany, chemistry, or pharmacology.

Entry-level salary for horticulturalists is around $40,000 a year, and for botanists around $60,000. On the other hand, pharmacologists can make up to $100,000 by managing several dispensaries.

Europe Is Expected to Become the Largest Medical Cannabis Market.

According to some estimates, Europe will become the largest medical cannabis market in the world by 2027. With a budget of $1.3 trillion in health-care spending, it will undoubtedly dominate the industry.

Currently, Germany and Italy are the leaders in the European cannabis market. Italy is expected to generate $1.2 billion in sales by 2027.

If you want to find out more mind-blowing facts and stats about the cannabis industry, make sure you check out this cannabis infographic too. It contains all the information about the history of the plant, the market landscape, legalization, employment, and predictions for the next decade.

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About the Cannabis Industry

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