There are many different positions in the cannabis industry. These include growers, extraction technicians, laboratory technicians, grow masters, dispensary owners, and accountants. Each of these has a specific role in the operation of a cannabis business, and some of these positions can bring you a lot of money.
Dispensary owners
While the legalization of recreational marijuana has spawned new opportunities in the cannabis industry, the question is what position makes the most money? As with any retail industry, the answer depends on several factors.
For one thing, there are several different roles in the dispensary industry. These roles include dispensary manager, front-end employee, and even an edibles chef. Although they have different duties, they all have a common goal: to maximize sales.
Depending on your level of experience, you might be able to become a marijuana dispensary manager, or even run a number of stores. A dispensary manager’s job is to manage all of the day-to-day operations of a marijuana dispensary. They may oversee the cultivation and distribution of products, track inventory, and even manage the company’s budget.
Dispensary manager salaries range from around $60,000 to $150,000. However, the size of the dispensary and the state you’re in can make a big difference. In New Jersey, Missouri, and New York, operating costs are relatively low, whereas in Colorado and California, they can be quite high.
The income generated by a marijuana dispensary can be anywhere from $1.2 million to $2 million. It all depends on the size of the dispensary, the scope of the business, and the foot traffic it receives.
Many states are now permitting the sale of medical and recreational marijuana. This has led to an increase in the number of dispensaries and distributors in the marketplace.
Grow masters
If you want to be a grow master, you’ll need a good education, and experience in commercial cultivation. You’ll also need to understand how cannabis works, and be up to date on the laws surrounding the industry.
As the legal marijuana market continues to grow, the demand for these jobs is going to increase. With an estimated $75 billion in legal sales by 2030, there are plenty of opportunities. These positions come with a high salary, depending on your location.
The average annual salary for a grow master is $125,000, although salaries vary considerably depending on the size of the grow operation. A grow master may also get a bonus, and they’ll need to be well versed in the laws surrounding the industry.
The Head Grower is the main person responsible for coordinating the daily operation of a cannabis farm. They’re also in charge of ensuring all staff is well-versed in the growing process, and they make sure all equipment is in good condition.
The Edibles Chef is responsible for developing cannabis-infused foods and beverages. Their expertise is essential to the production of safe oils from harvested marijuana plants.
Master Extractors also earn quite a bit of money. Their job is to accurately extract the right amount of THC, CBD, and other concentrates from harvested plants. This job requires a degree in biochemistry or engineering.
Budtenders make a pretty decent salary, too. Some companies offer a pay rise for experienced workers, and they’re a good option for people with a background in gardening or landscaping.
Extraction technicians
If you’re in the market for a cannabis job, there are a variety of options. Some positions pay very well, while others are more on the low end. It’s important to know the best ways to go about finding a position.
The most lucrative marijuana jobs are usually on the technical side. These jobs require a background in pharmacology, biology, engineering or chemistry. Those with this expertise can jumpstart their career in the industry.
One of the most challenging jobs in the cannabis industry is producing concentrates. Many different methods exist for creating various types of cannabis concentrates. They are used as a base material for vape companies and edible manufacturers.
There is a growing demand for skilled Master Extractors. Their skills are needed to ensure that accurate amounts of THC and CBD are extracted. Those with this type of skill can make upwards of six figures a year.
Budtenders are also in high demand. In fact, they are one of the most popular cannabis industry jobs. Typically, they earn around $14 an hour. A budtender will sell weed to customers at dispensaries.
An extractor assistant is another popular option. Unlike a budtender, an extractor assistant works under the supervision of a master extractor. The duties of an extractor assistant include helping the master extractor with lab operations when he or she isn’t around.
As more states legalize the use of marijuana, the black market for weed will shrink. This has helped push up wages in the industry. However, the competition for experienced workers is fierce.
Laboratory technicians
If you are looking to make the most money in the marijuana industry, you should consider becoming a laboratory technician. These professionals test cannabis products to ensure they meet regulatory standards. They also help researchers develop experiments.
Laboratory technicians are in high demand as more states legalize the use of cannabis. Many of these positions require a Bachelor’s degree, which means you can earn above average wages.
For those who are interested in the cannabis industry, you can find jobs that pay over $70,000 a year. The highest paying jobs are in California, Utah and Florida.
However, you can expect to receive a lower salary if you work in Texas, Louisiana or North Dakota. In some cases, you will need to have a doctorate in order to perform certain duties.
Lab technicians are responsible for testing the levels of THC and other contaminants in a sample. They operate microscopes and use software to analyze the samples. Their job requires knowledge of chemistry and lab procedures.
Those who specialize in field sampling can earn up to $50k a year. They collect and bring samples to the lab for examination. You will need to have a relevant science degree and a license to collect samples.
Another option for those who want to work in the marijuana industry is to become a chemist. Chemists are responsible for analyzing and researching the biochemical makeup of plants and their effects on human health. Some chemists will perform heavy metal and solvent tests to ensure products are safe.
Accountants
Accountants make the most money in the cannabis industry. They have the expertise and knowledge to navigate the complexities of the industry. A qualified accountant can help you avoid tax fraud, maintain compliance, and protect your business from cyber threats.
There are a variety of factors to consider when choosing an accounting firm for your cannabis company. Consider the size of your business, your goals, and your needs. Find out what services are available and what price points are available.
The first step is to research what accounting firms offer. Check their customer reviews and customer awards. If the firm has been in business for a while, it should have a good track record. It’s best to work with a firm that specializes in the industry.
An accounting firm that focuses on the cannabis industry has the experience and technology needed to keep your business in the clear. Their knowledge of specific codes and regulations designed to govern the cannabis industry can be invaluable.
Tax compliance is one of the most important services that a cannabis firm could receive. Certified Public Accountants (CPAs) can assist cannabis businesses with this task. But the process isn’t as simple as it sounds.
CPAs may also offer advice on developing internal controls. Especially with an industry that is constantly evolving, the accountant should be kept up to date on new legislation and regulations.
Security
The Cannabis Security industry has an active job market. Job postings on ZipRecruiter show that there are a lot of jobs that pay up to $8,205 per year. This is an average salary that can vary based on location, experience, and skill.
In order to keep a cannabis dispensary safe, it’s necessary to have a strong security presence on-site. Armed guards can help reduce the risk of theft and other types of burglary.
While most marijuana businesses have ID-checking devices, some may still have issues with underage customers. Therefore, it’s important to train staff to recognize these threats. A video surveillance system is also a good idea.
Security professionals should make sure to follow state laws and regulations. It’s also important to work with cannabis facility managers to keep the business in compliance with local laws.
With an increasing number of states and cities legalizing cannabis, demand for security experts is high. There are even military veterans who are finding jobs in the industry.
Some dispensaries contract with a security company to provide armed guards and other resources to ensure a secure environment. Other facilities hire former police officers and other law enforcement personnel.
Unlike many other industries, a security position in the cannabis industry pays well. An average dispensary manager earns $68,333. That’s $4,780 more than an average bartender.
While some states require security guards to get a technical degree, a high school diploma is not required. However, most employers prefer to employ someone with security experience.
