Marijuana Legalization Could Boost Job Growth
March 25th, 2015
Policy, Top News
The legalization of marijuana in many states and potentially on a federal level over the coming years could have significant implications when it comes to employment.
According to a 2003 study in the American Journal of Sociology, a criminal record reduces the likelihood of a job callback by half, even in states where fair hiring policies are implemented. A separate 2010 study by Human Resources Management found that over 90% of companies reported using criminal background checks as a part of their hiring process, which means that all charges are on the record.
These dynamics are problematic for the 1.5 million Americans that are arrested each year on drug charges, where roughly half of that figure consists of marijuana offenders. Despite the low level of the offense, those with criminal charges can be easily disqualified for a job. These people may even become so-called discouraged workers the stop seeking employment, which excludes them from the official rate.
The marijuana industry itself has also helped create thousands of new jobs. In Colorado, the cannabis industry has already created 16,000 new jobs in a multi-billion dollar industry. The legalization of marijuana across additional states could create thousands or even millions of new jobs for people across all backgrounds, ranging from farming to high-tech software to point-of-sale clerks.
When it comes to the legalization of marijuana, lawmakers and individuals shouldn’t forget that employment is a key issue that should be included in the discussion. The industry’s potential to boost job growth in two ways makes it especially relevant to consider in both a political and practical context.
This article was published by CFN Enterprises Inc. (OTCQB: CNFN), owner and operator of CFN Media, the industry’s leading agency and digital financial media network dedicated to the burgeoning CBD and legal cannabis industries. Call +1 (833) 420-CNFN for more information.
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