Proud to Work in Cannabis Podcast: 2024 Jobs Report Discussion

The Proud to Work in Cannabis Podcast presents an insightful discussion on the 2024 Jobs Report. Hosted by Karson Humiston, the episode features seasoned cannabis writer Bruce Barcott and Beau Whitney, Chief Economist at Whitney Economics. Together, they have been collaborating on this report since last year, and it was great to have them both on the show to share their insights.

Key Takeaways from the 2024 Jobs Report:

Positive Growth: After a couple of challenging years, the cannabis industry is experiencing a resurgence, with almost 23,000 new jobs added, bringing the total to 440,145 full-time equivalent jobs as of early 2024.

Revenue Increase: The industry saw a national revenue increase of about 10%, which contributed to the job growth.

State Highlights: Michigan, Missouri, and New Jersey led the way in job creation, with Michigan adding over 11,000 jobs, Missouri over 10,000, and New Jersey over 4,000.

Insights from Bruce and Beau:

Resilience: Despite economic challenges and regulatory headwinds, the cannabis industry has shown remarkable resilience.

Market Dynamics: Established markets are growing, and new markets are opening up, contributing to job creation. Some states like California, Colorado, and Washington experienced job losses due to various factors, including market saturation, regulatory issues, and loss of cannabis tourism.

Looking Ahead to 2025:

New Markets: Beau and Bruce optimistic about job growth in states like Ohio, New York, New Jersey, and Maryland, which are expected to see significant increases in hiring.

Regulatory Role: There's a need for regulators to monitor the health of cannabis businesses more closely and adapt policies to support the industry's growth.

International Influence: Developments in international markets, like Germany's move towards legalization, could have a global impact.

Final Thoughts:

The host, Karson, expresses optimism for the industry's future and encourages listeners to download and share the report from banks.com to raise awareness of its positive impact on job creation. Don't miss out on this informative episode! Tune in now and join the conversation about the cannabis industry's role in shaping the American job market. Thanks for listening, and stay tuned for more updates!