Legal marijuana could overtake manufacturing in job creation by 2020

pulse

March 3, 2017 7:47 PM

The legal marijuana industry could create over a quarter of a million jobs by 2020, according to one projection.

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Marijuana could be the next mega-industry in the US.

A new report from New Frontier Data,

There's some evidence to suggest New Frontier's projections are on the right track. In Colorado, which legalized pot outright in 2012 and opened the recreational market in 2014, the industry has created roughly 18,000 jobs, according to the Marijuana Policy Group.

California, home to the world's sixth largest economy, fully legalized marijuana last November. Its state capital region alone could see 20,000 jobs created if it becomes a hub for the industry.

The legal marijuana market is expected to top $24.5 billion in 2025, based solely on the states that passed medical or recreational legalization initiatives before 2017.

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