Gain insight into the cannabis industry and cannabis payroll and HR statistics.
Cannabis Payroll and HR Statistics
- On average, cannabis companies paid over $1.8 billion more in federal taxes compared to non-cannabis companies. (Greenburg Glusker)
- Between 2020 and 2030, the cannabis industry will pay approximately $65.3 billion in taxes. (MJ Biz Daily)
- For jobs in the cannabis industry, salaries increased by 4.7% beating the national average of non-cannabis businesses of 4.1%. (Benzinga)
- In 2021, there was an average of 280 cannabis jobs created every day in the United States. (Leafly)
- 86% of cannabis companies anticipated hiring new employees in 2024. (Cannabis Business Times)
- Two-thirds of retail cannabis companies are planning on hiring five or more employees in 2024. (Cannabis Business Times)
- Driven by growth opportunities in Michigan, Missouri, and Illinois, there was a 5.4% growth in cannabis jobs between 2023 and 2024. (flowhub)
- The legal cannabis industry represents 440,445 full-time equivalents. (Ganjapreneur)
- An estimated two-thirds of cannabis businesses operate as cash-only businesses, making them open to compliance risks from agencies such as the IRS, DHS, OSHA, and USDA, as well as state-based cannabis regulatory agencies. Cannabis businesses should consider utilizing a specialized cannabis payroll solution to help ensure payroll and tax compliance while reducing regulatory risk. (Forbes)
Cannabis Market Research and Business Statistics
- Cannabis dispensaries that accepted debit payments handled 59% more transactions than those that only accepted cash, with each debit card transaction averaging $13 more than cash-only transactions. (flowhub)
- Projected retail sales for cannabis are expected to reach $56.9 billion USD in 2028. (MJ Biz Daily)
- In nine states, cannabis sales generate higher tax revenue than alcohol. (flowhub)
- In 2023, online cannabis sales grew by 80%. (alpharoot)
- In the United States, there are roughly 15,000 cannabis dispensaries. (Pew Research Center)
- In the United States, there are more than 300 publicly traded cannabis companies. (alpharoot)
Cannabis Legalization Statistics
- In the United States, recreational use of marijuana is legal in 24 states and Washington D.C. (NCSL)
- California became the first state to legalize medical use of marijuana in 1996. (Department of Cannabis Control)
- In 2012, Colorado and Washington State became the first two states to legalize the recreational use of marijuana. (Marijuana Policy Project)
- Oklahoma leads the United States in the number of marijuana dispensaries per capita, with 36 dispensaries for every 100,000 residents. (Pew Research Center)
- California boasts the highest number of dispensaries in the country, with 3,659 locations, more than twice as many as the state with the second-most.
(Pew Research Center)
- 74% of Americans live in a state where medical or recreational cannabis use is legal and 54% of Americans live in a state where recreational use of cannabis is legal. (Forbes)
Cannabis Consumption Statistics
- 45% of Americans have used marijuana at least once in their lifetime. (Gallup)
- Over three-quarters of Americans live in a county in which there is a marijuana dispensary. (flowhub)
- The average American (cannabis consumer) spends $645 a year on cannabis products. (Headset)
- Millennials are currently the largest group of marijuana users while Gen Z is the fastest growing group of marijuana users. (flowhub)
- Gen Z and Millennials collectively account for 62.8% of all cannabis sales in the US, as well as 70.8% of all vapor pen sales. (Marijuana Venture)