Is Your Business 420 Friendly?
More than 100,000 people are working with the cannabis plant and that number is growing month over month, according to BDS Analytics. The industry employed 121,000 people in 2017. If marijuana continues its growth trajectory, the number of workers in that field could reach 292,000 by 2021, according to BDS Analytics. The products on offer at legal dispensaries range widely from the traditional flower to processed products like oil, hash, shatter and rosin, which can be smoked or vaped, and a wide variety of edibles including baked goods, candies and gummies.
CBD, or cannabidiol, is a product in the form or oil or candy that’s used as a treatment for epilepsy or pain even though it faces a federal ban. The industry for CBD, derived from both hemp and marijuana, totaled $360 million last year, according to Sean Murphy, publisher of the Hemp Business Journal. He said it’s expected to grow to $1.1 billion by 2020 and $1.8 billion by 2022.
Recreational marijuana is now legal in 11 states plus Washington DC; Alaska, California, Colorado, Illinois, Maine, Massachusetts, Michigan, Nevada, Oregon,Vermont, Washington,Washington DC
Medical marijuana is legal in 32 States plus Washington DC