AUSTIN, Texas, Aug. 7, 2018 /PRNewswire/ -- The Academy of Cannabis Science announces its entrance into the Austin area, but who are they? What are they doing in Texas and why are they trying to educate the people of Texas in the Medicinal Cannabis field? Is there a medical cannabis market in Texas? Can cannabis one day be legal in the state of Texas? This and many other answers and/or topics is what the Academy of Cannabis Science wishes to educate the people of Texas about.
In addition to the medical benefits cannabis can provide, the economic upside for Texas is HUGE.
The average consumption of cannabis by a patient in the U.S. costs $365 per month or $4,380 per year (Headset, Inc.). The population of Texas is somewhere in the neighborhood of 29 million people. If only 1 out of 10 people takes advantage of the proposed medical program, and uses medical cannabis, the numbers add up: $4,380 x 2,900,000 people = $12,702,000,000 per year. Obviously, for this to happen, the industry will have to be fully operational.
In order for the state of Texas to fulfill this demand, it will have to produce a minimum of 3,970,000 pounds a year to provide 1.3 pounds per patient (7.2 grams of oil).
A 10,000 square foot space produces about 1,500 pounds per year, on the first year (and we're simplifying this greatly). So, Texas could need almost 2,600 of these 10,000 square foot cultivation facilities to meet the demands/needs of the patients.
Texas will also need about 8,450 dispensaries and at least 220,000 employees, not including the indirect jobs created from cultivation, transportation, lab, real estate, etc.
North Austin Academy of Cannabis Science is offering Medical Cannabis Courses to address all the questions, opportunities and needs of this new medical industry.
Classes are held Saturdays only. The first of which will begin Saturday, October 13th – November 10th, 2018.
For more information please call us at 512-485-4520 | Español at 214-733-0868
Eva Jackson at 512-485-4520 | Español at 214-733-0868
SOURCE North Austin Academy of Cannabis Science