How will Denver’s new minimum wage impact the marijuana industry?
A recent survey of cannabis companies suggests future entry-level employees will see better pay in Denver thanks to a new law that will increase the city’s minimum wage to $15.87 by 2022. Daniel Brenner, Special to the Denver PostBudtender Isaiah Riley assists a customer Thursday, March 28, 2019 at Terrapin Care Station in Aurora. At least one operator is ahead of the curve. Boulder-based Terrapin Care Station this month announced it was establishing a company-wide $15 minimum wage, a figure that will outpace Denver’s incremental increases for the next two years. “Terrapin wants to lead by example, which is why we are doing this on our own, regardless of what happens with Denver’s minimum wage proposal,” Chris Woods, Terrapin’s owner and CEO, said in a news release 13 days before the Denver City Council adopted the new wage standards. Vangst, a Denver-based firm that connects cannabis companies and qualified workers, released its 2019 cannabis industry salary guide on Nov. 15. The guide is based in part on a survey filled out by more than 100 of the top cannabis companies in the country, according to Vangst. Thirty-three states and Washington, D.C., have legalized at least medical marijuana for adult use.…
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Source : Denver Post
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