It’s a Good Time to Work in the Cannabis Industry

The pandemic has wreaked havoc on the national job market, but cannabis industry workers have seen a much different effect.

“Fueled by the ‘essential business’ designation from state and local governments, cannabis businesses have filled tens of thousands of new permanent and temp positions so far this year in a labor market where more than 30M U.S. workers have filed for unemployment benefits,” says a new report from cannabis consulting and staffing firm CannabizTeam.

CannabizTeam expects sales to reach $15.5B by year’s end.

Workers aren’t just reaping the benefits in employment, but in wages too. The report shows wages have increased for every category of cannabis worker except event managers. For the first two quarters of 2020, the average salary for a dispensary manager rose to $85,000. That’s a 12% increase from 2019.

Read the report here and a summary from Benzinga.