7 Important Marijuana Stats for Dispensaries in 2019
7 Important Marijuana Stats for Dispensaries in 2019
It’s hard to open up a blog or read a newspaper without hearing the latest trends involving the marijuana economy.
It seems like everyone you know is using some form of cannabis, curious about trying it, or wants to get involved in the cannabis market in some way. Maybe you’ve even thought about working in the marijuana market yourself.
But is it really lucrative? What does the future of the industry hold?
In this post, we’ll fill you in on some of the most persuasive and fascinating marijuana stats.
Then, we’ll let you know where you can go to find cannabis industry jobs and get the dispensary training that you need to work in this industry.
- The Cannabis Industry and Job Growth
While some may struggle to find an open position in the field of their choice in today’s job market, those involved in the cannabis industry can have their pick of the litter when it comes to cannabis jobs.
In fact, the cannabis job market is growing at an exponential rate and has expanded by a whopping 76% within the past year and expected to expand each year for the foreseeable future. There is also a wide variety of available positions, from dispensary owners and sales representatives to inventory specialists, accountants, scientists, growers, advertisers, and even technical work.
In other words?
Even if you’ve trained within another industry, you might be surprised to learn just how many of your skills will transfer over to the cannabis industry.
- The New Marijuana Economy
All of us look back wistfully on investments that we should have made when we had the chance.
Some of the most compelling marijuana stats illustrate how getting in on the ground floor of the cannabis industry could be one of the smartest investments you’ll ever make.
Experts estimate that the cannabis industry will likely be worth at least $77 billion by the year 2022. This means that the industry is worth more than the GDP of nine separate states in the country, including Delaware and Alaska.
With the marijuana industry showing no signs of slowing down (especially given the recent push towards legalization) now is certainly the right time to make your move and get a job in the cannabis industry.
- Competitive Salaries
Tired of earning a salary that just doesn’t match your skillset for the amount of work that you put in?
If you’re looking for a dramatic increase in your income, then pay close attention to this entry on our list of marijuana statistics.
Recent studies show that the average salary for those within the cannabis industry is about 11% higher than the median salary in the United States.
Just think about what you could do with 11% more income — and just how much less stressed out you’d be on a daily basis working with something you love, like cannabis.
- Dispensaries Generate Serious Revenue
If you’re thinking about getting in on the cannabis market, then learning what it takes to open up and manage your own dispensary is a great way to get your feet wet.
However, it’s also a seriously lucrative option. Research shows that it takes about $775,000 to open your own dispensary — but also that you could be looking at an average revenue of about $3 million every year after the first 2 years on average.
Depending on your location, clientele, and even the different kinds of strains you sell, you can easily make much more than that.
This level of income is higher than almost 90% of businesses in the country today, so we’d say that it’s certainly worth looking into if you have deep enough pockets.
- Legalization Is Becoming a Public Demand
As with any investment, we know that you’re concerned about the longevity associated with getting involved in the cannabis industry.
The happy truth is that marijuana usage is no longer stigmatized in the way that it once was and that it’s rapidly becoming the new normal.
In fact, over 60% of consumers say that they’re in favor of legalizing marijuana completely.
This push for legalization has certainly been helped by the increased use of cannabis and cannabis-based products to help with pain management, stress/anxiety, sleeping, and many other conditions. At this point there is no possible way to deny that cannabis has many medicinal qualities.
- It’s a Female-Friendly Industry
Another one of the most awesome marijuana facts?
It’s an industry that makes a ton of room for female entrepreneurs. So, if you’re a woman who has always dreamed of owning her own business or playing a leadership role, consider getting into cannabis.
While women hold just 15% of executive positions in other industries in the United States, when it comes to the marijuana industry, you’ll be happy to know that women control about 36% of all executive positions. It’s definitely an equal opportunity industry!
- It’s Becoming A Replacement for Alcohol
Perhaps one of the most surprising things about the marijuana industry is that it already rivals — and may soon surpass — the popularity of drinking alcohol.
Millennials already drink much less alcohol than previous generations, and many say that they truly prefer marijuana to alcohol. The main reason – no hangovers!
In fact, most recreational marijuana users belong to the younger millennial and Gen Z set, meaning that the future of the industry is fully in their hands and has no signs of slowing down.
Instead of investing in owning a liquor store, many business professionals are considering getting involved in dispensary ownership instead.
Have These Marijuana Stats Convinced You?
Whether you were totally blown away by the marijuana stats in this post, or if they mostly confirmed some of the things you already expected, we’re willing to bet that you’re now seriously thinking about whether or not now is the time to get into the cannabis industry.
If you’ve always dreamed of owning or working in a dispensary, or if you see it as purely a smart investment or doing something you love every day, now is the time to act.
Click here to learn more about our cannabis dispensary training courses, to assist entry level employees in obtaining a job in the cannabis industry. Plus keep relying on our blog to bring you all the latest updates in the world of cannabis.
We also have an active cannabis job board that helps you to connect with available opportunities within the cannabis industry.