CannabizTeam released its 1st Annual Tri-State 2022 Cannabis Industry Salary Guide, a comprehensive report that provides single and multi-state cannabis employers and prospective cannabis employees from entry-level to C-suite executives insights into the rise and revenue potential of the tri-state market as it gains medical and adult-use cannabis licenses.
The detailed report looks at New York, New Jersey, and Connecticut as industry experts shift their focus away from the heavily regulated West Coast market and look for new opportunities that benefit communities, patients, and business owners.
Results also highlight the top 22 cities for cannabis jobs based on projected or issued licenses, as well as salary ranges for more than 30 of the most anticipated cannabis positions in the tri-state area. The report also predicts that tri-state cannabis companies will rely heavily on temporary or on-demand staffers vs. full-time employees as they build out their infrastructure.
"The East Coast - specifically the New York and New Jersey markets - is poised for tremendous growth as the most densely populated states in the country finally start stepping on the gas pedal for its adult-use market. The labor market itself is still incredibly strong, and we've seen a trend of job seekers who have learned transferable skills and experience and are putting them to good use in the cannabis industry," said Liesl Bernard, CEO of CannabizTeam. "Our tri-state salary report is one of the only resources available for cannabis employers and job seekers looking for new opportunities as they navigate post-pandemic hurdles."
A few highlights from the CannabizTeam Tri-State 2022 Cannabis Industry Salary Guide include:
- Salary ranges from administrative to C-suite, with the role of CFO reaching the highest median pay at $350K+
- The hottest temporary positions available to prospective cannabis employees, from HR assistant to Laboratory Analytical Chemist
- Latest licensing updates for cannabis companies looking to move operations to the East Coast, with considerable venue projections for New York and New Jersey
Top median C-suite salaries
Most popular temp positions in cannabis
Ms. Bernard concluded, "Setting a solid infrastructure will be the first step for tri-state cannabis companies, and this will start with temporary workers - whether you are an accountant or retail manager, there is a job available for you in the cannabis industry. We can expect the industry to grow exponentially by 2025, aiding in the growth of salaries, the demand of employees, and bringing relief to tri-state patients and communities alike."