People can make a few extra bucks in the cannabis business — they just have to be willing to pack up and move to the eastern US.
Businesses in states with emerging medical and recreational marijuana markets are paying big bucks to attract experienced employees from states such as California, Washington and Oregon, where the cannabis industry and accompanying workforces are already well established, according to James Yagielo, co-founder and CEO of HempStaff, a medical marijuana training and recruiting company.
“East of the Mississippi is definitely paying a lot higher than West of the Mississippi,” Yagielo said.
Cannabis operators in East Coast states that are newer to legalizing recreational or medical cannabis are having to broaden their geographic search for people with cannabis business experience, forcing them to pay a premium to convince experienced employees to move, according to Yagielo.
His firm recently placed a manager from a California dispensary with a cannabis seller in Maryland. The owner of the business was looking for someone with at least 10 years of experience managing dispensaries. Medical marijuana has been legal in Maryland for less than five years, making it impossible for anyone from Maryland to have that amount of experience.
They negotiated an annual salary of $91,000 for the manager, well above the $51,000 he was earning at his California position, according to Yagielo. He had no shortage of west-to-east recruiting examples to offer.
Yagielo said he found a master cultivator in Los Angeles for the same job in Pennsylvania. The cultivator accepted $120,000 per year to make the move – a $30,000 raise.
Robin Ann Morris, CEO and owner of MaryJane Agency LLC in Sandusky, Ohio, listed the salary ranges for the top three jobs that companies need:
Data: Salary ranges provided by Robin Ann Morris, CEO of MaryJane Agency. Graphic: Allena Braithwaite/Marijuana.com
- Grow master (master cultivator): $100,000 – $120,000
- Extraction specialist (master extractor): $90,000 – $120,000
- Dispensary manager: $80,000 – $120,000
Morris believes another reason for the high salaries is the small talent pool, which seems to force companies to compete with one another for top employees.
To Read The Rest Of This Article By Don Jergler on Marijuana.com
Published: July 24, 2018
Founder & Interim Editor of L.A. Cannabis News