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New Cannabis Industry Salary Guide Reveals Double-Digit Compensation Surges In 2020, Median Pay, And More

Benzinga Cannabis
·2 mins read

Cannabis-focused executive search and staffing firm CannabizTeam just released its 2020 Cannabis Industry Salary Guide - Third Quarter Update, following-up on its first salary guide, launched at the beginning of the year.

This report was commissioned to examine the change in salaries of several of the most popular positions in the cannabis industry. With this salary guide, cannabis businesses will be able to determine pay levels based on the market rate affected by the “essential business” designation.

Job seekers may also use the salary guide to determine fair salaries based on the updated data, which includes information from Q1 and Q2 of 2020.

The updated salary guide contains low, high, and median salaries for various positions in the following verticals:

  • Cultivation

  • Extraction

  • Testing

  • Manufacturing

  • Distribution

  • Retail

  • Sales

  • Marketing

  • Accounting and finance

  • Administration

  • Legal

  • HR

  • Compliance

Along with the updated salary data is an adjusted salaries tool to help you customize the compensation data for your location. All data in the 2020 CannabizTeam Salary Guide - Third Quarter Update is derived from CannabizTeam’s job placements as well as published salary data from private and government sectors.

Key Data Points:

  • Average executive comp is up as much as 16% in 2020

  • Dispensary Manager’s salary has risen 12% to $85,000

  • Median salaries for the Director of Cultivation position has risen 16% so far in 2020

  • Top Chief Marketing Officers and VPs of Marketing can now secure salaries between $170,000 and $180,000

Within the updated salary guide, you'll also find hiring trends and jobs in high demand, highlighting significant changes in the cannabis industry over the past several months. Topics discussed include consolidation, temp and consulting, large-scale cultivation, cannabis testing, and more.

Additionally, the updated salary guide contains a U.S. Map to display the current cannabis legalization landscape, states that have cannabis legalization on the ballot for 2020, and CannabizTeam office locations. A world map is also included, displaying the big picture of cannabis legalization.

You can download the full report following this link.

About CannabizTeam

CannabizTeam is a cannabis-focused executive search and staffing firm providing services for the top cannabis and CBD businesses in the U.S., Canada, and Europe. Founded in 2016 by internationally acclaimed executive recruiter Liesl Bernard, CannabizTeam now has offices in Boston, Chicago, Orlando, San Antonio, San Diego, and Santa Rosa with its new Denver division coming soon. Through extensive global reach and unparalleled business relationships, CannabizTeam and its temporary and consulting arm CannabizTemp place over 1,000 candidates a year for its clients.

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