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Cannabis industry salaries revealed in new report

Workers and business owners alike have new insight into the salary ranges and hiring trends for legal marijuana businesses with the release of a new guide from cannabis industry professional recruiting firm Vangst. Now in its third year of publication, the Vangst Cannabis Industry Salary Guide was released on Monday and is available via a free download.

“To further help job seekers and cannabis companies, Vangst now offers new job searching and networking features which make it even easier for our community to learn, communicate, and grow with one another,” Vangst CEO Karson Humiston wrote in the report. “It’s giving candidates and hiring teams a much-needed way to make genuine human connections at a time when getting the conversation started is more integral than ever.”

To prepare the guide, Vangst surveyed businesses and workers to uncover trends in hiring, pay and benefits for the cannabis industry in 2020. Average salaries, as well as high and low benchmarks that reflect differences in factors such as experience and region, are given for cannabis jobs in six categories including retail, cultivation, lab and extraction, manufacturing, sales and delivery. Employers were surveyed about benefits, revealing that 83% of employees receive paid time off while 73% receive medical benefits.

The report looks at a range of pay rates for various jobs in the industry’s cultivation, lab and extraction, manufacturing, and retail sectors. In cultivation, trimmers start at about $15.00 an hour on average while a director of cultivation can earn about $115,000, an increase of 25% over the previous year. Extraction technicians average about $37,000 per year, while managers earn about $65,000. In retail, budtenders make about $15.00 per hour plus gratuities and a vice president of retail operations averages about $150,000 annually.

To Read The Rest Of This Article By A.J. Herrington on Forbes

Published: February 01, 2021

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