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How Much Money Can You Make Working in the Legal Marijuana Industry?

Rerolled: September 10, 2018 | #STDW


Legal marijuana is a growth industry. Medical marijuana is legal in 30 states and full-on legalization in nine, with more states set to join the green revolution this fall. New Jersey could become the next legalization state sometime in the next few weeks, and Election Day could see two more medical marijuana states (Utah and Missouri) and two more legalization states (Michigan and North Dakota).

In a new analysis of legal pot's jobs and pay scales, the marijuana head-hunting firm Vangst, which describes itself as the "Monster.com of the cannabis industry," reports that pot is hot. The company says it expects employment in the industry to more than double next year and that salaries at licensed pot businesses are up 18 percent this year.

But pot businesses are, after all, businesses, and they have some of the same issues as any other privately-held businesses. More than one-fifth of the 1,200 firms surveyed for this report offer no employee benefits at all and more than half offer no medical, dental, and vision insurance. Those industry workers most likely to get such benefits are those in the most lucrative jobs.

Marijuana businesses also replicate wage and salary differentials common in other industries. Managers and some skilled positions can take home well north of a hundred grand a year, while hourly workers, such as trimmers and budtenders, get paid proletarian wages.

The Vangst survey isn't exhaustive—it doesn't cover some mid-level jobs at grow and extraction operations or dispensaries, nor does it cover jobs that don't directly touch on marijuana, such as publicists, accountants, and marketers—but it does provide at least a partial glimpse at the pot jobs market.

But if you're looking for work in the legal pot industry, here's what to expect for various positions :

Cultivation director: Oversees all cultivation operations to ensure the production of compliant and high-quality cannabis. Establishes all standard operating procedures, nutrient and harvest schedules, integrated pest management programs, hiring, training, and personnel management. Responsible for ensuring the highest levels of plant health, potency, and production.

Low: $47,000
Average: $88,000
High: $140,000
Top: $250,500

Extraction director: Oversees all cannabis extraction and refinement operations. This includes facility design, laboratory setup, standard operating procedure development, regulatory compliance, hiring, training, and personnel management. Responsible for ensuring all cannabis extracted products are produced safely, efficiently, and consistently.

Low: $47,000
Average: $72,00
High: $135,00
Top: $191,00

Compliance manager: Ensures local, state, and federal compliance with all laws and regulations. Implements a company-wide program, which includes seed-to-sale tracking and internal compliance audits. Anticipates and tracks pending and current laws and regulations. Creates new policies and procedures as necessary and ensures the staff has an understanding of all compliance requirements.

Low: $45,000
Average: $62,500
High: $81,750
Top: $149,000

Outside sales representative: Focuses on sales strategies and account management to build value in the marketplace. An Outside Sales Representative develops relationships into new accounts in order to meet sales goals and manages existing accounts using Customer Relationship Management (CRM) software. They enhance product branding and increase sales through the training and education of retail partners and customers.

Low: $28,000
Average: $58,800
High: $73,500
Top: $150,000

Dispensary manager: Oversee day-to-day operations of a medical or recreational cannabis retail location. Create standard operating procedures, develop inventory processes, and ensure dispensary is fully compliant with all state and federal regulations. Responsible for hiring, training, and managing all dispensary staff.

Low: $41,500
Average: $56,250
High: $65,400
Top: $98,000

Budtender (per hour): Provides excellent customer service to all patients and customers in medical and recreational dispensaries. Uses point of sale system and other technology to ensure all cannabis product sales are properly tracked. Provides information to customers on product choices, consumption methods, compliance, and safety. Remains up to date on all cannabis regulations to ensure compliance within the dispensary.

Low: $12 
Average: $13.25
High: $14
Top: $16

Trimmer (per hour): Manicures and prepares all harvested flower product to be sold in medical and recreational cannabis retail locations.

Low: $11.50

Average: $12.25

High: $13

Top: $14.50

Source: https://stopthedrugwar.org/chronicle/2018/sep/10/how_much_money_can_you_make


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