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Pay in the cannabis industry is on the rise.

AP Photo/Matilde Campodonico


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  • Salaries are rising in the cannabis industry.
  • There are 24 nonexecutive roles in cannabis that offer six-figure salaries, according to a recent report by CannabizTeam.
  • They include cultivation manager, director of compliance, and director of IT.
  • All the roles on this list have seen salary increases since 2019.
  • Subscribe to Insider Cannabis for more stories like this.

Cannabis salaries are increasing as companies poach executives and senior management from other sector like retail, consumer packaged goods, pharmaceuticals, and biotech.

That’s especially true for top-level positions. The average salary for executive positions rose 16% in the first half of 2020, compared with 2019, according to a report from the cannabis staffing agency CannabizTeam.

“Over the past six months we have seen an increasing flow of senior management moving to cannabis from the consumer packaged goods, biotech, food and beverage, retail, financial services and pharmaceutical industries,” Liesl Bernard, the CEO of CannabizTeam, wrote in the report.

CannabizTeam surveyed over 5,000 salaries and placements for the guide.

Pay in other highly compensated roles increased as well. Average salaries for directors of compliance grew 16% in the same time period. They earn median salaries of $128,500. Directors of IT, the top-paid nonexecutive position on the list, rake in a median salary of $217,000, up 10% from 2019.

This trend holds true in newer cannabis markets like Arizona, Florida, Illinois, Massachusetts, Michigan, and Pennsylvania where new companies are looking to hire those experienced in the industry. High-level marketing positions are also gaining traction as companies gear up to build up national brands by securing shelf space in dispensaries and expanding e-commerce strategies.

The cannabis industry is estimated to be worth $31 billion by 2025, according to Cowen analyst Vivien Azer. If Arizona and New Jersey legalize adult-use cannabis in November, and Mississippi and South Dakota allow medical marijuana, that figure could rise to $34 billion.

Here are all the jobs in cannabis that can earn you six figures at the median pay level. Job descriptions courtesy of CannabizTeam.

Business financial make money capital trading Accounting manager — $105,200

business  financial  make money  capital  trading woman counting money



Getty Images


Median percent change from 2019: 11%

Job Description: An accounting manager is responsible for maintaining an efficient system of accounting records, periodic financial reports, and creating an extensive set of controls and budgets to mitigate risk. 

Business financial make money capital trading Director of distribution — $110,000

business  financial  make money  capital  trading worker in distribution warehouse



Alistair Berg/Getty Images


Median percent change from 2019: 1%

Job Description: A distribution manager is responsible for overseeing and optimizing all warehouse and distribution operations. 

Business financial make money capital trading Cultivation manager — $112,650

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Cultivation managers can make over $100,000.

AP Photo/Hans Pennink


Median percent change from 2019: 11%

Job Description: A cultivation manager works under the director of cultivation and manages all aspects of a cultivation facility, including irrigation, pruning, pest management, cloning, harvesting, and curing.

Business financial make money capital trading Director of marketing — $115,000

business  financial  make money  capital  trading FILE PHOTO: An employee tends to medical cannabis plants at Pharmocann, an Israeli medical cannabis company in northern Israel January 24, 2019. REUTERS/Amir Cohen/File Photo

Marketing directors can make $115,000.

Reuters


Median percent change from 2019: 7%

Job Description: A director of marketing establishes a creative marketing infrastructure for the cannabis company, boosting brand awareness and maximizing consumer appeal.

Business financial make money capital trading Operations manager — $117,500

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Operations managers can make $117,500.

Alberta Cannabis Inc/Handout via REUTERS


Median percent change from 2019: 1%

Job Description: A cannabis operations manager oversees project management, in addition to account and vendor management.

Business financial make money capital trading Director of sales — $117,650

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Sales directors can make over $117,000.

AP Photo/Matilde Campodonico


Median percent change from 2019: 9%

Job Description: A director of sales leads the sales teams and fulfills sales strategies to maximize sales and profitability, working with the organization’s leadership team.

Business financial make money capital trading Testing-laboratory manager — $122,500

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A participant in a University of Colorado study on the effects of cannabis on December 19.

REUTERS/Kevin Mohatt


Median percent change from 2019: 12%

Job Description: A testing labratory manager implements and maintains compliance with health and safety guidelines, oversight of laboratory purchases, equipment maintenance, and ensuring compliance with applicable standards.

Business financial make money capital trading Controller — $127,500

business  financial  make money  capital  trading FILE PHOTO: Marijuana plants are seen at Ganja Farms marijuana store in Bogota, Colombia, February 10, 2016. REUTERS/John Vizcaino

Ganja Farms marijuana store in Bogota.

Reuters


Median percent change from 2019: 8%

Job Description: A controller is responsible for all accounting operations, including designing the organizational structure, overseeing the operations of the accounting department, and hiring the accounting staff.

Business financial make money capital trading Director of compliance — $128,500

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Flow Kana Cannabis Institute.

Flow Kana


Median percent change from 2019: 16%

Job Description: A director of compliance directs policies and practices, ensuring all sectors of the cannabis organization complies with financial policy and regulations.

Business financial make money capital trading Director of merchandising — $130,000

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Aurora’s Sky cannabis production facility in Alberta, Canada.

Aurora Cannabis


Median percent change from 2019: 10%

Job Description: A director of merchandising is responsible for producing financial plans and partnering with the Inventory Manager to maximize effective product selection to increase profitability across all markets.

Business financial make money capital trading Vice president of compliance — $130,500

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Hexo Corp.’s facilities in Gatineau, Quebec, on September 26, 2018.

REUTERS/Chris Wattie


Median percent change from 2019: 8%

Job Description: A vice president of compliance possesses a thorough knowledge of multi-state cannabis industry regulations and is experienced in implementing effective compliance programs to meet state and federal requirements.

Business financial make money capital trading Director of retail, multistate — $132,500

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The Mission Cannabis Club dispensary in San Francisco on March 19.

(AP Photo/Jeff Chiu)


Median percent change from 2019: 12%

Job Description: A director of retail provides hands-on multi-state leadership to the store staff, ensuring they are prepared with the right policies, standard operating procedures, and infrastructure to deliver an ideal customer experience.

Business financial make money capital trading Supply-chain manager — $133,150

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Getty


Median percent change from 2019: 8%

Job Description: A supply chain manager develops both short and long-term production goals and production plans that aim to satisfy demand within the cost and capability framework.

Business financial make money capital trading E-commerce manager — $138,250

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Crystal Cox/Business Insider


Median percent change from 2019: 18%

Job Description: An e-commerce manager sets up marketing strategies, optimizes and manages e-commerce platform projects within a specific budget and timeline, and collaborates with the design and marketing teams.

Business financial make money capital trading Director of finance — $142,500

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Drazen_/Getty Images


Median percent change from 2019: 9%

Job Description: A director of finance works with the executive staff to determine a long-term business planning process, provides financial analysis on the direction of the

organization, and assists with investor reports and presentations.

Business financial make money capital trading Vice president of sales — $145,000

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Harbor Collective dispensary in San Diego on May 22, 2019.

REUTERS/Lucy Nicholson


Median percent change from 2019:   13%

Job Description: A vice president of sales oversees multi-state development and distribution of cannabis brands, as well as manages the team, ensuring all financial plans are executed properly.

Business financial make money capital trading Vice president of marketing — $146,250

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REUTERS/Lucy Nicholson


Median percent change from 2019: 9%

Job Description: A vice president of marketing manages a variety of promotional projects, including digital marketing techniques, paid advertising campaigns, and consumer-facing events.

Business financial make money capital trading Vice president of product development — $147,150

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Loving Kindness Farms in Los Angeles.

AP Photo/Richard Vogel


Median percent change from 2019: 12%

Job Description: A vice president of product development provides leadership to the product development staff, as well as technical expertise to the manufacturing processes.

Business financial make money capital trading Director of human resources — $174,750

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Hispanolistic/Getty Images


Median percent change from 2019: 15%

Job Description: A director of human resources is responsible for the cannabis company’s personnel strategy, planning and talent management.

Business financial make money capital trading Director of operations — $177,500

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Crystal Cox/Business Insider


Median percent change from 2019: 13%

Job Description: A director of operations manages the growth and profitability of the cannabis processing and manufacturing operations and related facilities.

Business financial make money capital trading Director of cultivation — $189,000

business  financial  make money  capital  trading FILE - In this June 28, 2017 photo, Alessandro Cesario, the director of cultivation, works with marijuana plants at the Desert Grown Farms cultivation facility in Las Vegas. Nevada is set to pioneer a law to prevent job-seekers from being immediately rejected for work based on a positive marijuana test. (AP Photo/John Locher, File)

Desert Grown Farms cultivation facility in Las Vegas.

Associated Press


Median percent change from 2019: 16%

Job Description: A director of cultivation is responsible for overseeing all multi-state large scale greenhouse cultivation facilities, monitoring for proper vegetation, propagation, and distribution. 

Business financial make money capital trading Vice president of retail, multistate — $190,750

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The Mission Cannabis Club dispensary in San Francisco.


Jeff Chiu/AP Photo



Median percent change from 2019: 16%

Job Description: A vice president of retail oversees multistate dispensary operations and provides effective management of activities that promote and enhance the efficiency of a company’s operation to drive consistent profitability.

Business financial make money capital trading Director of IT — $217,000

business  financial  make money  capital  trading coding computer software engineer



Shutterstock


Median percent change from 2019: 10%

Job Description: A director of IT oversees technical projects that are aligned with organizational goals, eliminates security risks, and directs the delivery of networks.

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