The number of cannabis jobs in the state of Michigan doubled in the year 2020, two years after the Michigan Regulation and Taxation of Marihuana Act was put into effect. The New Year sees the continued rise in growth of sales.
According to Leafly, more than 77,000 full-time jobs were added in 2020. As a result, there are now about 321,000 full-time cannabis jobs in the United States of America. That number is more than the number of electrical engineers, EMTs paramedics, or dentists in the country.
Leafly is a website that is dedicated to cannabis journalism, and the team behind the website partners with labor economists at Whitney Economics to create their reports. Leafly and Whitney Economics make use of publicly available sales data from state cannabis regulatory agencies. They also use cannabis employee license data, median state salary statistics, and surveys about cannabis job wages.
Of all the 50 states in the country, 36 states have legalized medicinal cannabis, while 15 have legalized both medicinal and recreational cannabis. Michigan only opened marijuana stores in December of 2019, but as of right now, it is now one of the top states in terms of cannabis sales and jobs.
Leafly reports that the number of cannabis jobs in Michigan has doubled in only one year. 9,216 jobs were added in 2020, bringing to a total number of 18,078.
Moreover, the state’s cannabis sales also doubled in 2020. In 2019, the state’s revenue was only $420 million — at the time, only medical cannabis was allowed to be sold — but in 2020, the revenue reached almost $990 million.
To put things into perspective, the number of cannabis workers in Michigan is almost equal to the number of auto repair mechanics, which is an outstanding feat considering that the state is noted for its auto industry.
As for 2021, the Michigan Marijuana Regulatory Agency reported in January that the month saw $41 million in sales. In January of last year, the agency disclosed that cannabis sales only hit $25 million.
As a component of the Michigan Regulation and Taxation of Marihuana Act, communities in Michigan that have licensed recreational cannabis dispensaries and microbusinesses will receive reimbursements from the Marihuana Regulation Fund.
As of March 2021, a total of 100 communities — 38 cities, 7 villages, 21 towns, and 38 counties — have received compensation so far. The Michigan Department of Treasury stated that based on the state’s 2020 fiscal year, all eligible communities will get more or less $28,000 for each and every licensed cannabis retail store or microbusiness within their jurisdictions.
Furthermore, the Marihuana Regulation Fund also plans to give $11.6 million for schools and another $11.6 million for roads. The last $12.5 million will for the state’s administrative costs for operating the recreational marijuana system.