How much are weed jobs paying right now?

This article originally appeared on Cannabis.net and has been republished with permission.

As the cannabis industry booms and expands, there are multiple roles that need to be filled at different companies to keep the business running smoothly. For many who are looking to join a company and want to fill specific positions, the first question to ask is what are the salary expectations for positions within a cannabis company.

So here is our review of employee structure in a cannabis retail establishment and how compensation should be implemented.

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Budtender

• Applicable Titles: Retail Associate, Patient Care Advocate, Pharmacy Associate, Brand Ambassador, Retail Specialist, Pharmacy Agent.
• Features: Budtenders are one of the biggest contributors to the growth of the cannabis business. They help individuals discover the best ways to use marijuana. While budtendering isn’t an easy job, it can be very rewarding and fulfilling. Budtenders usually have the skills and experience in customer service and dealing with customers. Budtenders need to answer many questions and also need to be willing and willing to learn to add to their wealth of experience.
• Salary: Budtenders typically earn a few dollars just above minimum wage. This applies in particular if the company is located in the immediate vicinity. Hourly wage ranges from the local minimum wage plus $3 to $8.

assistant manager

Applicable titles: Retail Supervisor, Assistant Store Manager, Assistant General Manager, and Assistant Dispensary Manager.

• Features: After the budtender comes the assistant manager, who is usually employed within the company. A person filling this role often starts out as a budtender who has proven themselves through strong leadership skills. Responsibilities include:
• • training of new employees
  • Implementation of processes and SOPs
  • Handling customer complaints
  • Keep an eye on inventory
  • Management of employee relations
  • Communicate with customers when necessary
• Salary: Between $22-$30 per hour or $50,000-$60,000 per year.
• The award for deputy managing directors: In the case of an employment relationship, bonuses are often included in the contract. With an hourly rate, the assistant manager is not rewarded with any bonuses or benefits.

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general manager

Applicable Titles: Store Manager, Retail Manager or “Pharmacist”

• Function: The managing director is responsible for the operation of the business and ensures that all goals are achieved. They have an influence on the implementation of the company’s operating procedures and policies in order to effectively achieve the set goals. View of open jobs in the cannabis industryThe Managing Director is tasked with various objectives, including:

• • Establish a high-performing pharmacy with more sales and more customers
  • Work with a small footprint to make the most of the small space
  • Serve either recreational or medical clients
  • Serve a larger client base of white-collar or blue-collar workers
  • You are asked to communicate with the average number of customers each day
  • Participate in any number of tickets each day
  • Monitor the company’s improvement based on past successes
  • can keep employees
• Salary: Between $55,000 and $100,000. The salary range of a general manager varies greatly depending on the volume of storage and the size of the company.
• General Manager Rewards: 10% Target Bonus: The General Manager position is highly poached, resulting in a high turnover rate. Cannabis companies are now beginning to offer rewards to this position in order to retain an efficient general manager. Bonus eligibility depends on whether the CEO achieves the target annually or quarterly.

RELATED: Top 10 Cannabis Industry Jobs Right Now

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regional manager

Applicable Title: Retail District Manager, District Manager, or Retail Area Manager.

• Features: The regional manager is a retail manager who manages and controls approximately 5 stores. You will be tasked with people management and retention, including training, mentoring and overseeing senior executives. Regional managers in the cannabis industry motivate and lead their region to achieve set goals and objectives for that region. Cannabis companies need program work with solid managerial experience and prior experience in retail cannabis sales. For many new cannabis companies, experience is highly valued. However, several cannabis companies are still open to those with no prior cannabis experience. Although such people who have been hired have experience from working in stores such as Ulta Beauty, Starbucks or Victoria’s Secret. This is because people from mainstream industries tend to have extensive business knowledge and are good with numbers. In some cases, a regional manager is hired in-house even if they have no multi-store experience.
• Base Salary: Between $110,000 and $150,000
• Regional Manager Rewards: 20% target bonus that can be earned annually or quarterly. In some cases, regional managers receive shares as bonuses

RELATED: Almost 1 in 10 new jobs in this state came from the cannabis industry

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Vice President Retail

Applicable Titles: Senior Vice President (SVP) Retail, Vice President (VP) Retail, National Head of Retail, SVP or VP or SVP Retail Operations.

• Features: The Vice President of Retail set the overall strategy and plan for regional stores. The position is typically responsible for more than 100 trades for an operator overseeing various states. Or it could be responsible for more than 10 deals for a state. They design advertising strategies and execute retail marketing, e-commerce, merchandising and store-based SOPs. Individuals with sufficient experience in innovating an unregulated operation to apply in the current regulated cannabis sector are well suited for the position. The individuals should be great at reversing poorly performing stores. These individuals must also have experience with fast-growing businesses or CPG (Consumer Packaged Goods). The vice president of retail must be very comfortable holding board meetings and communicating with senior executives. You must be able to draft presentations and highlight numbers, goals and forecasts to communicate the company’s information effectively.

• Base Salary: Between $180,000 and $250,000. High-performing vice presidents of retail at industry leaders earn approximately $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 of cannabis by applying to one of these positions. You can do what you love and get paid for it. Also, the cannabis industry is relatively young, so there are many opportunities to work as an employee in the industry.

This article originally appeared on Cannabis.net and has been republished with permission.