Expectations Abound for Swift Recovery in Cannabis Industry Job Numbers by 2024
The cannabis industry has suffered significant job losses in the past few years, but fresh predictions paint a much rosier outlook. The current expectations are set by a survey that predicts a welcome revival and noticeable job growth across the board in the cannabis sector by 2024.
Labor Unrest and Job Cutbacks in the Cannabis Industry: A Retrospective
In the wake of a challenging environment, cannabis companies had to face harsh realities. These included severe operational constraints, lackluster investor interest, a complex regulatory framework, and unexpectedly slow progress in global cannabis legalization efforts. Such factors led to the inevitable: a wave of redundancies across the industry.
Against this backdrop, the cannabis workforce shrank dramatically, with many workers facing harsh economic realities. Yet, as faith in the future potential of the cannabis industry remains, the horizon begins to look far brighter for those seeking future employment in this new-age market.
Envisaging a Thriving Cannabis Job Market
The survey forecasts a significant rebound in the labor market for the cannabis industry by 2024. The anticipated resurgence bodes well for a wide range of professionals, from cultivators to retail experts, scientists to marketers, not to forget the swath of supporting roles that are integral to this growing industry.
Moreover, the potential expansion of California’s medical marijuana program could provide further impetus to the projected labor market rebound.
Drivers of the Projected Upswing
- Lag Effect of Legalization Drive: The ongoing efforts towards cannabis legalization could well have a lag effect, creating an active impetus for job creation in the next few years.
- Increased Demand for Medical Marijuana: There is a steadily growing demand for the use of medical marijuana for treating various health conditions, which is supporting the industry’s rebound.
- Alternative Medicine Acceptance: As alternative medicine becomes more mainstream, cannabis products show promising prospects from a consumer demand perspective, paving the way for substantial job opportunities.
Advancements in the Medical Cannabis Industry
The cannabis industry is not just about recreational use. Medical marijuana holds a substantial portion of the overall growth perspective, bolstered by significant advancements in cannabis research and development. This has resulted in a broader range of healthcare ailments treated with medical cannabis, thereby driving demand for the product and supporting job growth in this sector. Companies such as MMJ.com are instrumental in bridging the gap between patients and access to medical marijuana cards across various US states.
A quick look at the robust processes in place for issuing Florida’s medical marijuana cards or Colorado’s medical marijuana cards clearly illustrates the advancements in the industry and provides a glimpse of the impending job opportunities.
Conclusion
Experts are optimistic and foresee a rebound in the cannabis workforce by 2024, fuelled by the steady legalization of cannabis and the increasing acceptance of medical marijuana. For current and future professionals in the field, it sounds like a vote of confidence, promising a thriving environment and diversified employment opportunities in the cannabis industry.