Business
How Much Do Weed Jobs Pay Right Now?
How much are people making in the cannabis industry right now?
With the cannabis industry booming and expanding, there are several roles to fill in various companies to ensure the smooth running of the business. For many who are looking to join a company and fill certain roles, the first question in mind is the salary expectations of the roles within a cannabis firm.
So, here’s our review of the employee structure in a cannabis retail form and how compensations should be rolled out.
Budtenders
Applicable titles: Retail associate, patient care advocate, dispensary associate, brand ambassador, retail specialist, dispensary agent.
Functions
Budtenders are one of the top contributors to the growth of the cannabis business. They assist individuals to identify the best ways to use marijuana. While Budtendering is not a simple job, it can be quite rewarding and fulfilling. Budtenders usually have the skill and experience around customer service and interacting with customers. Budtenders get to answer a lot of questions and must also be willing and ready to learn to add to/her wealth of experience.
Salary
Budtenders usually earn a few dollars just above the minimum wage. This is especially true if the firm is located in a local area. The hourly wage is between the local minimum wage plus $3 to $8.
Assistant Manager
Applicable titles: Retail supervisor, assistant store manager, assistant general manager, and assistant dispensary manager.
Functions
After the budtender comes to the assistant manager who is usually employed from within the firm. A person who fills this role often starts as a budtender who has proven his/her worthwhile showing strong leadership qualities.
Except the position is salaried, it’s usually difficult to enjoy an external person. The assistant manager is in charge of the dispensary playbook as well as
- Training new employees
- Implementing processes and SOPs
- Handling customer complaints
- Keeping track of inventory
- Overseeing employee relations
- Communicating with customers when in need
Salary
Between $22 – $30 per hour or $50,000 – $60,000 annually.
The premium for assistant managers;
If salaried, bonuses are often included in the contract. At an hourly rate, the assistant manager is not rewarded with bonuses or benefits.
General Manager
Applicable titles: Store manager, retail general manager, or ‘pharmacists’
Function
The general manager is in charge of operating the store, ensuring all targets are met. They are influential in the implementation of the firm’s operating procedures and policies to effectively achieve set goals.
Looking at open cannabis industry jobs, the general manager is charged with various goals which include;
- Establish a top-performing dispensary with increased sales and customers
- Work with a small footprint to make the best use of a small space
- Attend to either recreation or medical customer base
- Attend to more white-collar or blue-collar customer base
- Be asked to communicate with the average number of customers each day
- Attend to every number of tickets each day
- Monitor the firm’s improvement against past achievements
- Be able to retain staff
Salary
Between $55,000 and $100,000k
The range of salary for a general manager varies greatly depending on the storage volume and the size of the firm.
Rewards for General Manager
10% target bonus: the position of the general manager is highly poached, making it have a rate of turnover.
Cannabis firms are now beginning to offer rewards at this position to hold onto an efficient general manager. Eligibility for the bonus depends on if the general manager reaches the target yearly or quarterly.
Regional Manager
Applicable titles: Retail district manager, district manager, or retail area manager.
Functions
The regional manager is a retail leader that manages and controls around 5 stores. They are charged with people management and staff retention including training, mentoring, and supervising general managers.
Regional managers in the cannabis industry motivate and lead their region to reach set goals and targets for that region. Cannabis firms need a program work with solid experience in leadership roles and previous experience in cannabis retail sales. For a lot of new cannabis companies experience is highly valued.
However, several cannabis firms are still open to individuals without previous cannabis experience. Although such individuals who have been employed have experience from working in stores such as Ulta Beauty, Starbucks, or Victoria’s Secret. This is because individuals from mainstream industries usually have vast business insight and are good with numbers. In several cases, a regional manager is hired from within the firm even when lacking previous multi-store experience.
Basic salary
Between $110,000 – $150,000
Rewards for regional managers
20% target bonus which could be earned yearly or quarterly. In some cases, regional managers earn equities as bonuses
Vice President of Retail
Applicable titles: Senior vice president (SVP) of retail, Vice president (VP) of retail, national head of retail, SVP or VP or SVP of retail operations.
Functions
The vice president of retail set up the entire strategy and plan for regional stores. The position is usually in charge of more than 100 stores for an operator overseeing various states. Or it could be in charge of more than 10 stores for a state. They design promotional strategies and carry out retail marketing, e-commerce, merchandising, and store-based SOPs.
Individuals with adequate experience in innovating an unregulated operation to apply to the present, regulated cannabis sector suits well for the position. The individuals should be great at turning around poor-performing stores. Such individuals must also have experience with rapidly growing firms or CPG (Consumer Packaged Goods).
The Vice President of retail must be very comfortable with holding board meetings and communicating with executives. They must be skilled at designing presentations and highlighting numbers, goals, and forecasts, to effectively communicate the company’s information.
Basic salary
Between $180,000 – $250,000
Top-performing VPs of retail at leading companies in the industry make about $350,000.
Bonuses: 30% target bonus
Conclusion
As you can see, being an employee in the cannabis industry is definitely not a bad idea. You could monetize your love for cannabis by applying to one of these roles. You get to do what you love and get paid for it. Besides, the cannabis industry is still relatively young so many opportunities abound being an employee in the industry.
Source: https://cannabis.net/blog/news/how-much-do-weed-jobs-pay-right-now
New Mexico regulators fined a cannabis operator nearly $300,000 and revoked its license after the company allegedly created fake reports in the state’s traceability software.
The New Mexico Cannabis Control Division (CCD) accused marijuana manufacturer and retailer Golden Roots of 11 violations, according to Albuquerque Business First.
Golden Roots operates the The Cannabis Revolution Dispensary.
The majority of the violations are related to the Albuquerque company’s improper use of BioTrack, which has been New Mexico’s track-and-trace vendor since 2015.
The CCD alleges Golden Roots reported marijuana production only two months after it had received its vertically integrated license, according to Albuquerque Business First.
Because cannabis takes longer than two months to be cultivated, the CCD was suspicious of the report.
After inspecting the company’s premises, the CCD alleged Golden Roots reported cultivation, transportation and sales in BioTrack but wasn’t able to provide officers who inspected the site evidence that the operator was cultivating cannabis.
In April, the CCD revoked Golden Roots’ license and issued a $10,000 fine, according to the news outlet.
The company requested a hearing, which the regulator scheduled for Sept. 1.
At the hearing, the CCD testified that the company’s dried-cannabis weights in BioTrack were suspicious because they didn’t seem to accurately reflect how much weight marijuana loses as it dries.
Company employees also poorly accounted for why they were making adjustments in the system of up to 24 pounds of cannabis, making comments such as “bad” or “mistake” in the software, Albuquerque Business First reported.
Golden Roots was fined $298,972.05 – the amount regulators allege the company made selling products that weren’t properly accounted for in BioTrack.
The CCD has been cracking down on cannabis operators accused of selling products procured from out-of-state or not grown legally:
- Regulators alleged in August that Albuquerque dispensary Sawmill Sweet Leaf sold out-of-state products and didn’t have a license for extraction.
- Paradise Exotics Distro lost its license in July after regulators alleged the company sold products made in California.
Golden Roots was the first alleged rulebreaker in New Mexico to be asked to pay a large fine.
Source: https://mjbizdaily.com/new-mexico-cannabis-operator-fined-loses-license-for-alleged-biotrack-fraud/
Four marijuana companies, including a multistate operator, have filed a lawsuit against U.S. Attorney General Merrick Garland in which they allege the federal MJ prohibition under the Controlled Substances Act is no longer constitutional.
According to the complaint, filed Thursday in U.S. District Court in Massachusetts, retailer Canna Provisions, Treevit delivery service CEO Gyasi Sellers, cultivator Wiseacre Farm and MSO Verano Holdings Corp. are all harmed by “the federal government’s unconstitutional ban on cultivating, manufacturing, distributing, or possessing intrastate marijuana.”
Verano is headquartered in Chicago but has operations in Massachusetts; the other three operators are based in Massachusetts.
The lawsuit seeks a ruling that the “Controlled Substances Act is unconstitutional as applied to the intrastate cultivation, manufacture, possession, and distribution of marijuana pursuant to state law.”
The companies want the case to go before the U.S. Supreme Court.
They hired prominent law firm Boies Schiller Flexner to represent them.
The New York-based firm’s principal is David Boies, whose former clients include Microsoft, former presidential candidate Al Gore and Elizabeth Holmes’ disgraced startup Theranos.
Similar challenges to the federal Controlled Substances Act (CSA) have failed.
One such challenge led to a landmark Supreme Court decision in 2005.
In Gonzalez vs. Raich, the highest court in the United States ruled in a 6-3 decision that the commerce clause of the U.S. Constitution gave Congress the power to outlaw marijuana federally, even though state laws allow the cultivation and sale of cannabis.
In the 18 years since that ruling, 23 states and the District of Columbia have legalized adult-use marijuana and the federal government has allowed a multibillion-dollar cannabis industry to thrive.
Since both Congress and the U.S. Department of Justice, currently headed by Garland, have declined to intervene in state-licensed marijuana markets, the key facts that led to the Supreme Court’s 2005 ruling “no longer apply,” Boies said in a statement Thursday.
“The Supreme Court has since made clear that the federal government lacks the authority to regulate purely intrastate commerce,” Boies said.
“Moreover, the facts on which those precedents are based are no longer true.”
Verano President Darren Weiss said in a statement the company is “prepared to bring this case all the way to the Supreme Court in order to align federal law with how Congress has acted for years.”
While the Biden administration’s push to reschedule marijuana would help solve marijuana operators’ federal tax woes, neither rescheduling nor modest Congressional reforms such as the SAFER Banking Act “solve the fundamental issue,” Weiss added.
“The application of the CSA to lawful state-run cannabis business is an unconstitutional overreach on state sovereignty that has led to decades of harm, failed businesses, lost jobs, and unsafe working conditions.”
Alabama regulators are targeting Dec. 1 to award the first batch of medical cannabis business licenses after the agency’s first two attempts were scrapped because of scoring errors and litigation.
The first licenses will be awarded to individual cultivators, delivery providers, processors, dispensaries and state testing labs, according to the Alabama Medical Cannabis Commission (AMCC).
Then, on Dec. 12, the AMCC will award licenses for vertically integrated operations, a designation set primarily for multistate operators.
Licenses are expected to be handed out 28 days after they have been awarded, so MMJ production could begin in early January, according to the Alabama Daily News.
That means MMJ products could be available for patients around early March, an AMCC spokesperson told the media outlet.
Regulators initially awarded 21 business licenses in June, only to void them after applicants alleged inconsistencies with how the applications were scored.
Then, in August, the state awarded 24 different licenses – 19 went to June recipients – only to reverse themselves again and scratch those licenses after spurned applicants filed lawsuits.
A state judge dismissed a lawsuit filed by Chicago-based MSO Verano Holdings Corp., but another lawsuit is pending.
Source: https://mjbizdaily.com/alabama-plans-to-award-medical-cannabis-licenses-dec-1/
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