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Employment in the US labor market in hemp industry will grow by 34%

11/06/2019 | hempmarket
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It is expected that the number of permanent workers in the US hemp industry in 2019 will increase by 34% compared to 2018 with a further significant growth potential.  

According to data published in the United States, the number of full-time employees in the country's hemp industry ranged from 130 to 160 thousand in 2018 and may increase to 215 thousand by the end of 2019. This kind of increase in the number of employees is due to the continuing rapid increase in the hemp market. Queue in California, as well as the need for qualified personnel in other administrative and territorial units of the country, as new markets develop the use of cannabis for medical and recreational purposes x 

The laws of supply and demand have led to an increase in the wages of workers in the hemp industry, primarily in California, as well as in the Eastern states of the United States. This is due to the fact that the rapidly developing cannabis market requires the solution of the personnel issue and, among other things, the prices of goods on the hemp market in the country are constantly growing.

Comparison of the number of people employed in the hemp industry compared to other US businesses

 

As can be seen from the chart, the number of employees in the US hemp industry is already greater than the number of flight attendants and veterinarians. According to forecasts, employment in the US hemp industry in 2019 will be slightly more than the number of web developers in the country (another rapidly growing employment sector) and slightly less than the number of people working in the spiritual sphere. 

It is expected that the number of people employed in the hemp industry will be about 3.5 times more than the number of officials / legislators playing an important role at the state and national levels related to the development of the regulatory framework governing hemp in both state and regional bodies power and control.

Commentary of the Association "Ukrainian technical hemp"

It is expected that the number of permanent workers in the US hemp industry in 2019 will increase by 34% compared to 2018 with a further significant growth potential. According to Factbook estimates, by 2023, total employment in the US cannabis industry could reach 385,000 - 475,000 workers. According to a number of US analytical publications, the total economic effect of cultivating / processing / selling cannabis in 2019 will be from $ 39.2 to $ 48 billion, which is about 35% more than in 2018 and by 2023 will be able to reach $ 30 billion. Directly sales of hemp products in the United States in 2018 amounted to from $ 8.6 to $ 10.8 billion.