Why Women Should Purse a Career in the Cannabis Industries

Why Women Should Pursue Careers in the Cannabis Industries

Cannabis industries’ careers and opportunities are not limited to THC rich plants or products. The hemp industry and cannabinoid market are a major part of the cannabis industry. Each of these three markets have created new opportunities for ancillary businesses, as well as, new ancillary businesses. Whether you are an artist or accountant, a salesperson or a scientist there are opportunities in the cannabis industries. The research and the numbers show the growth and stability of the cannabis, hemp, and cannabinoid markets.

In 2021 the cannabis industry created an average of 280 new jobs per day. Leafly’s 2022 Jobs Report found that as of January 2022, 428,059 full time jobs were supported by the cannabis industry. The total number of people working in the industry is predicted to grow to 1.5 million to 1.75 million as the legal market matures. Employment agencies, such as Vangst, have emerged to fill cannabis positions in all legal states. Traditional employment agencies like Indeed have added cannabis “help wanted” listings.

Cannabis careers and opportunities are plentiful and varied. Cannabidiol, cannabis and hemp markets are rapidly expanding, and revenues are in the millions and billions of dollars. 

CBD is currently the most common cannabidiol product on the market. There are more than 100 cannabidiols, including THC and CBD. The market is seeing the introduction of CBN and CBG products and the emergence of Delta-8, opening up new career and business opportunities. 

Due to the COVID-19 pandemic, the global Cannabidiol Oil (CBD Oil) market size is estimated to be worth USD 720.5 million in 2022 and is forecast to a readjusted size of USD 3213.4 million by 2028 with a CAGR of 28.3% during the review period. Absolute Reports

CBD-infused Products Market Worth $216.8 Billion by 2028. Global Newswire

The global CBD skin care market size was valued at $633.6 million in 2018 and is anticipated to reach $3,484.00 million by 2026. 

The CBD skin care market exhibits an incremental revenue opportunity of $2,747.4 million from 2019 to 2026. Alliedmarketresearch.com

Hardy and renewable, industrial hemp produces a variety of products, including health foods, organic body care, clothing, construction materials, biofuels, animal feed, plastic composites and more. It is estimated that over 25,000 products can be made from hemp. Hemp offers unlimited career avenues.

In 2021, the value of hemp production in the open and under protection for the United States totaled $824 million. Industrial Hemp Market to reach $310 million by 2027 National Hemp Report USDA

Cannabis is now the fifth most valuable crop in the U.S. It has evolved into gourmet edibles and beverages, topicals, concentrates, and new methods of consuming. Only 13 states have not legalized medical or recreational cannabis. 

The legal cannabis market is projected to pull in $43 billion by 2025. New Frontier Data.

The U.S. cannabis industry is now projected to be worth $100 billion USD by 2030. Business Insider  

But, beyond the numbers – Why should women pursue cannabis careers?

  • The cannabis, cannabinoid, hemp industry is in its infancy. This provides the opportunity to grow and advance your career. 
  • Rapid expansion and innovation continually create new career options.
  • CBD, hemp, and cannabis careers offer personal satisfaction. All are known for their healing properties, as well as, the potential to heal the planet.
  • There is genuine support from other women and women’s groups in the industry. 
  • The cannabis industries need smart women in executive roles. 

Notably, in 2021, the percentage of women who hold executive positions, 22.1%, fell below the average recorded across the larger U.S. business landscape, 29.8%, according to the 2021 report, “Women & Minorities in the Cannabis Industry.”

AddisonAuthor: Addison Morris, Founder & CEO Women’s Cannabis Chamber of Commerce

The Women’s Cannabis Chamber of Commerce mission is to move entrepreneurs’ beyond empowerment into powerful result driven career strategies, CEO positions and business ownership; to provide education, resources and opportunities, to build long term business relationships and support through networking.

Hemp Access and Consumer Safety Act

Hemp Access

Hemp Access and Consumer Safety Act was introduced May 19, 2021 by Oregon’s Democratic senators, Ron Wyden and Jeff Merkley, and Republican Rand Paul of Kentucky.

The FDA declared CBD a drug after the Farm Bill passed. CBD use in consumable products has to be approved on an individual basis with clinical trials. This hinders product development and makes CBD products vulnerable to FDA crackdowns.

“Every day that the FDA drags its feet to update its CBD regulations, hemp farmers are left guessing about how their products will be regulated, and real economic gains for workers and business owners in Oregon and across the country are left on the table,” Merkley said in a statement. “Hemp-derived CBD products are already widely available, and we all need the FDA to issue clear regulations for them just like they do for other foods, drinks, and dietary supplements.

The Hemp Access and Consumer Safety Act would remove uncertainty by explicitly exempting hemp and all its products from the FDA’s drug-based prohibition.

The Hemp Access and Consumer Safety Act:

  • Gives hemp-derived CBD products an opportunity to lawfully be used in dietary supplements, foods and beverages under the Federal Food, Drug and Cosmetic Act. 
  • Prioritizes consumer safety, requiring manufacturers to comply with all existing federal regulations for the products that contain CBD. 
  • Ensures that these products are properly labeled. 

For a one-page summary of the legislation click here. For the complete Bill text click here.

The Hemp Access and Consumer Safety Act has support from: 

Dawson Hobbs, Executive Vice President, Wine and Spirits Wholesalers of America

Jen Daulby, Senior Vice President of Government Affairs, Consumer Brands Association

Jonathan Miller, General Counsel, U.S. Hemp Roundtable

Michael McGuffin, President, American Herbal Products Association

Scott Melville, President & CEO, Consumer Healthcare Products Association

Scott Melville, President & CEO, Consumer Healthcare Products Association

Derek Selznick, Executive Director, Kentucky Guild of Brewers

Eric Steenstra, Executive Director, Vote Hemp