General Business

Vangst, a leading cannabis industry jobs platform, has released the annual 2023 Cannabis Jobs Report, which found that there are now 417,493 full-time equivalent jobs supported by the legal cannabis industry in the U.S. This represents a 2% drop in employment. It is the first time legal cannabis jobs have declined year-over-year since the modern legal era began in 2012.

Meanwhile, in New Jersey, which began selling adult use recreational marijuana a year ago this month and has been selling medicinal marijuana products for more than a decade, employment increased by 4,220, bringing the total number of cannabis jobs in the state to 7,367.

Key findings from the 2023 Vangst Cannabis Jobs Report include:

• Nationwide, annual cannabis sales increased by $850 million in 2022. That’s a 3% rise, from $25.25 billion in 2021 to $26.1 billion in 2022. That figure includes all state-regulated medical and adult-use sales (not hemp, delta-8, CBD, or unregulated sales). Adult-use states accounted for 77% of total sales.
• One of the newest markets within the industry saw exceptional growth while other legacy markets saw extreme drops. New Jersey gained 4,220 jobs in 2022, bringing the total number of cannabis jobs in the state to 7,367.
• On the other end of the spectrum, California lost 13% of cannabis employees last year bringing their total to 83,593.
• Michigan moved ahead of Colorado to become America’s second-largest cannabis employer, supporting 35,405 jobs.
• 23% of...

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