New data shows cannabis industry salaries up across the board

Growth op

California-based CannabizTeam has released its 2021 salary guide and the data shows that salaries for more than 60 popular positions within the sector have seen a salary bump over the past year. The guide is focused on the U.S. industry across 36 states and hypothesizes that the sector could support 500,000 full-time jobs and top $35 billion in annual sales within the next three years. Four cannabis executives listed in annual report of Canada’s top-paid CEOs The cannabis industry continues to shell out big bucks for those at the top, including $14 million to this former Canadian PM For $300, you can smell like ‘luxury’ cannabis “The cannabis industry proved its strength and resiliency in 2020 and enters 2021 as the fastest-growing industry in the United States,” said Liesl Bernard, CEO of CannabizTeam. The guide relies on proprietary salary data from the CannabizTeam, as well as surveys and independent research. The positions are broken down into 10 categories, including cultivation, extraction, testing, retail, manufacturing, distribution, sales and marketing. Executives and managers experienced the biggest increase in salary range, with many positions seeing double-digit increases. In 2020, the median salary for cannabis CEOs was US$315,450 ($383,185). In 2021, that has increased 11 per cent to US$350,300 ($425,518). The next highest-paid position belongs to chief financial officers, who saw a 10 per cent increase year-over-year, boosting the median salary from US$318,000 ($386,000) to US$348,500 ($423,331). Of the positions listed, the smallest increase went to event managers, whose median salary was bumped up 3 per cent, from US$68,000 ($82,600) to US$70,000 ($85,030). California, Colorado and Florida were cited as the largest employers in the industry, creating nearly 125,000 full-time jobs and netting more than US$7 billion ($8.5 billion) in combined sales. “Salaries continue to increase above cost of living index due to competition…

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Source : New data shows cannabis industry salaries up across the board

reposted by Cannabis News World

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