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Oregon’s cannabis industry has produced an economic impact of more than $1 billion, according to a new report.
The report, by economist and marijuana business insider Beau Whitney, found that the Oregon cannabis market created more than 12,500 jobs with an average wage of $12.13 an hour, which translates into roughly $1.2 billion in economic activity for the state.
The job figure is only for plant-touching companies, such as retailers and growers, and doesn’t include ancillary marijuana businesses, such as attorneys or security services.
“Cannabis is a job-creation machine,” Whitney said in a press release.
He noted that through Feb. 21,