San Diego – The home job market is predicted to develop by practically 50 % over the following 5 years, with an equally engaging enhance in compensation for a lot of in-demand roles at smaller firms this yr.
Hashish staffing and government search company CannabizTeam launched its sixth national salary guide. This yr’s annual report focuses on hiring developments throughout the authorized U.S. hashish trade, job projections all through 2028, and nationwide wage ranges for greater than 70 of probably the most in-demand hashish positions within the nation.
“Though the trade has been going by way of some difficult instances, the longer term stays hopeful,” stated Liesl Bernard, chief government officer at CannabizTeam. “With the anticipated reclassification of hashish from Schedule I to III, gradual however regular East Coast enlargement, and the rise of hashish acceptance, there’s loads of potential to be enthusiastic about. We’ve solely witnessed the start.” [Note: Reclassification is under consideration at the Drug Enforcement Administration. Some industry pundits expect the DEA to okay the change, but that outcome is not guaranteed. —Ed.]
Wage ranges on this report are primarily based on proprietary data from CannabizTeam’s knowledge, surveys, and unbiased analysis. Elements together with location, firm measurement, and years of expertise all affect wage knowledge. When relevant, we’ve included the highest finish of wage ranges and pay will increase, possible representing probably the most skilled workers who reside in high-paying metropolitan areas like Los Angeles, New York, and Washington D.C.
10 highest-paying roles in 2024
Whereas it’s no shock the highest-paying jobs are virtually solely for government roles at multistate operators (MSOs), single-state operators (SSOs) are starting to interrupt into the highest wage positions. Nonetheless, comparable roles at MSOs and SSOs nonetheless show a stark distinction in compensation with chief monetary officers incomes as a lot as 80 % extra when working for the most important firms.
- Chief government officer MSO: $610,800
- Chief monetary officer MSO: $500,200
- Chief operations officer MSO: $415,200
- Vp of cultivation MSO: $339,800
- Chief scientific officer (testing) MSO: $299,800
- Vp of operations (manufacturing) MSO: $297,800
- Chief income officer (gross sales) MSO: $297,600
- Chief advertising officer MSO: $284,300
- Vp of retail MSO: $280,500
- Chief monetary officer SSO: $275,000
10 largest wage jumps for 2024
Companies in smaller markets nonetheless have probably the most floor to cowl when competing with MSOs for the very best human capital. Based on compensation comparisons from 2023 to 2024, the highest ten pay will increase by % are dominated by SSOs selecting up the wage slack. Solely two of the highest ten wage will increase by % are tied to roles at MSOs.
- Vp of promoting SSO: 13.72 %
- Director of cultivation MSO: 11.54 %
- VP of gross sales SSO: 9.69 %
- Chief income officer SSO: 9.41percent
- Chief government officer MSO: 7.73 %
- Company controller SSO: 7.44 %
- VP of retail SSO: 6.38 %
- VP of Operations SSO: 6.27 %
- Director of finance SSO: 6.10 %
- Monetary analyst: 5.2 %
12 most in-demand trade positions
Full-time chief government officers at MSOs are making probably the most and seeing massive raises, however they’re not among the many most in-demand positions this yr. The hashish trade welcomes versatile profession choices overtly with many in-demand roles for direct-hire positions, temp jobs, and fractional executives. Based on CannabizTeam, the next roles are among the many most in-demand for 2024.
| Direct-hire positions | Temp jobs | Fractional executives |
| Dispensary common supervisor | Cultivation technician | Chief monetary officer |
| Director of cultivation | Extraction technician | Director of promoting |
| Director of Manufacturing | Trim technician | Vp of compliance |
| Territory gross sales consultant | Packaging technician | Restructuring marketing consultant |
Projected licenses
A lot of the expansion projected between 2024 and 2028 depends on trade enlargement supported by further licensing. Based on market intelligence platform Cannabiz Media, California, Michigan, and New Jersey issued probably the most licenses in 2023, and these states are anticipated to proceed increasing in 2024.
New York is projected so as to add probably the most licenses with 945 by yr’s finish, adopted by Virginia at 575 and Minnesota at 381. Alabama and Hawaii are on the lowest finish of the vary with about 25 new licenses anticipated for every state in 2024.