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US Cannabis Job Creation Will Outpace Manufacturing by 2020 – LIWTS

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One of the few things we know for sure about the Trump Administration’s thoughts on cannabis is that public opinion is inconsequential. If it wasn’t, the White House wouldn’t have already gone on-record to issue a veiled threat to the legal cannabis industry. Something heads to the ballot box, the public votes in favour of it and the policy amendment is made accordingly. Even though it isn’t, given that Federal Law continues to decriminalise each and every cannabis user across the United States.

Including those who depend on medical cannabis to live at least come kind of normal life.

So it’s abundantly clear that a change in pot policy at a Federal level just isn’t going to happen. At the same time, there is at least modest cause to believe that Trump wouldn’t be outrageous/dumb enough to declare war on the legal cannabis industry. If only for one reason and one reason alone – job creation.

On the campaign trail, Trump repeatedly told the world of his desire to make America great once again, create millions of new jobs, pump billions back into the economy and clamp down on illegal drug imports. Critical boxes the legal cannabis industry is already helping tick. What’s truly astonishing is the way in which the radical change we’re seeing right now is only the tip of a colossal iceberg. To such an extent that one analyst group has suggested that by 2020, the cannabis industry will create more jobs than total US manufacturing.

The figures come from New Frontier Data, having reached the conclusion that the legal cannabis industry will by the end of the current decade create more than 250,000 jobs. According to the Bureau of Labor Statistics, this comfortably exceeds jobs creation in manufacturing, government offices and utilities. Worse still, official statistics note the manufacturing industry as shedding an estimated 814,000 jobs by 2024, during which time government positions will also decrease by around 383,000.

In an era where job creation and unemployment are critical concerns for almost every American, these are the kinds of figures that cannot be overlooked.



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