The explosive economic revolution potentials of cannabis legalization

 [source](https://www.google.com/amp/s/www.forbes.com/sites/tomangell/2018/06/14/more-banks-working-with-marijuana-businesses-despite-federal-moves/amp/) >Not only is the weed industry in Canada bringing in more jobs for Canadians, but also more money. *statistics Canada* reported that cannabis-related jobs actually are significantly better than the average job in Canada. [source](http://news-af.op-mobile.opera.com/news/detail/eef769a386d55d7d517f3b1e525c2d10_ng?country=ng&language=en&share=1) Statistics from smoke.io white paper reads thus… >Research from industry experts points toward a 60% year over year compound growth for the legal cannabis industry as a whole [FORBES 2017] from the current estimated global market size of $7.7 billion to reach $31.4 billion by 2021. The growing impact of the cannabis market amidst the furious prohibitions on its growth and distribution is a tip of what lies ahead of the global economy should this sector be accorded more freedom in their operations.  Cannabis and its related plants are highly favourable to the national economy via its products which are well sought after by the population, while the blindfolds of marijuana abuse from the minority of the population keeps us away from the gold mine which lie deep inside cannabis farming and distribution, this sector of the economy keeps dying. Only very few currently cultivated plant can compete with cannabis and it’s related plants in terms of number of products obtainable from its plant and also the applications of this products, while the cocoa plant boast of high economic gains in terms of production of beverages and hence a good export product, cannabis still stands out as it goes a mile away further towards the health sector and even stands a chance of more applications in agriculture and food production, food processing and lifestyle products. The pharmaceutical industry is unarguably one of the most important part of the health care sector (if not the most important), this is due to their *ground-breakin* discoveries via scientific research and applications to produce life saving and life enhancing products using naturally existing elements, compounds and mixtures which includes plants, plant extracts and extracts from other compounds. These extracts are used to produce drugs which saves life principally by getting rid of pain signals and helping patients handle pain with increased abilities. Via this practice, the pharmaceutical industry is worth countless billions of dollars. However, cannabis and hemps are the most natural drugs, with great health care potentials even without laboratory processing and augmentation. To crown it all, it does this better than most synthetic pain killers, Anxiolytics and anti-depressants and with very little side effects making for healthier organs of metabolism. If well utilized **Medical cannabis will account for over 10% of the wealth generated by the pharmaceutical industry**. The indicas and sativas will relegate the fentanyls and the acetaminophens. Off the shores of the health care sector, cannabis seeds having high protein and oil contents are also good foods, the ancient Asians who first used these plants utilized it’s nutritional abilities through the cannabis oils extract from the cannabis seeds and also the proteinous seeds which we eaten as a source of planting protein, far before the medicinal abilities of cannabis was unraveled, nutritional prowess have already served countless people, this places it on a high value and an A-class plant before the abuse and prohibition reared their ugly heads These already mentioned applications of cannabis coupled with several other high selling products which have a touch of cannabis and potential discoveries on cannabis applications pending the reduction of the strict ban on researches with cannabis and hemps gives cannabis and its products an edge on the national import and export business. With different strains of cannabis found across every part of the world, the economic interaction is well strengthened as everyone is caught in the nets of mutual interaction owing to the fact that these strains have some abilities which are peculiar to them, buy and sell interaction between countries will only get bigger with the addition of more products. Stronger health sector, richer pharmaceuticals and agricultural sector and of course increased import and export activities, these are the principal factors which boosts every nation’s economy this would help the technology and other sectors of the country to a great extent. A recent statistics from the first weed legal country– Canada states this… >Notably, cannabis-related jobs pay better than the Canadian average, with hourly wages at $29.58, compared to $27.03 for the country as a whole," read the report. That may not sound like a big difference with the hourly comparison, but when comparing the two wages annually, it's a difference of $5,304. Cannabis-related jobs pay on average around $61,526 each year based on an hourly wage of $29.58. Using the same measures, the average Canadian job pays $56,222 annually. Some cannabis-related positions can even pay a six-figure salary. [source](http://news-af.op-mobile.opera.com/news/detail/eef769a386d55d7d517f3b1e525c2d10_ng?country=ng&language=en&share=1) This sums up all the afore mentioned points and promises of even more to come as the potentials of cannabis is yet to be completely healed harnessed even in this country. The cannabis industry could account for over 5% of a nations wealth if well utilized, however these figures will be hidden under the blankets of prohibition, hoping to get uncovered one day, just one day.