2021 Salary Guide Shows Double-Digit Compensation Increases for Cannabis Executives

“The cannabis industry proved its strength and resiliency in 2020 and enters 2021 as the fastest-growing industry in the United States,” said Liesl Bernard, CEO of CannabizTeam. “With so much hiring, growth and investment activity, we’re seeing a red hot cannabis job market at the start of Q2 2021. The future is bright, and we look forward to our continued role in connecting exceptional talent with the cannabis industry’s leading companies.”

A few highlights from the Q2 2021 report:

• Cannabis salaries are up across the board with increased demand driving double-digit increases in compensation for experienced managers and C-suite executives. Salaries continue to increase above cost of living index due to competition and a shortage of employees with specialized cannabis experience or specific transferable skills.
• Larger multi-state operators are increasingly recruiting from outside of the cannabis industry, bringing in talent from some of the country’s largest companies including Pfizer, John Deere, Proctor and Gamble, Bayer, Google and Tesla
• Competitive demand for top cannabis talent continues to skyrocket in emerging adult-use markets including Arizona, Illinois, Michigan, New York and New Jersey as hundreds of new licensees are building intra-state supply chains to serve ever-increasing retail stores.

Salary ranges in the Q2 2021 Salary Guide are based on CannabizTeam’s proprietary salary data, salary surveys and independent research from trusted sources collected through the end of Q1 2021.

To view the Q2 2021 Cannabis Industry Salary Guide in its entirety, visit: CannabizTeam.com/cannabis-salary-guide.

(This information is primarily sourced from Cannabiz Team.  Highly Capitalized has neither approved nor disapproved the contents of this news release. Read our Disclaimer here).