Marijuana Business Magazine April 2019

Marijuana Business Magazine | April 2019 8 Now Hiring: the Cannabis Industry C annabis employment in the United States is on the rise. As more states legalize medical and recreational marijuana, the industry’s need for employees has risen as well. Job-posting and recruitment companies Vangst and Glassdoor both reported significant increases in marijuana-related job openings between 2017 and 2018, and all signs indicate this trend will continue in 2019. Job openings aren’t the only metric increasing—salaries for cannabis jobs are rising, too. The median salary for marijuana industry job openings surpassed the median U.S. salary in 2018, stemming in part from the number of professional and technical employment opportunities in the sector. The marijuana job market in California is particularly hot, with Golden State employers posting nearly one-third of all cannabis jobs listed with Glassdoor. Here’s a closer look at the situation: Cannabis bythe Numbers | Maggie Cowee 170,000-210,000 Marijuana Business Factbook estimate for total cannabis employment in the United States in 2019—up from 120,000-150,000 in 2018. Growth in cannabis job listings with Vangst, a marijuana-centric employment agency based in Colorado, between Jan. 1, 2017, and Aug. 1, 2018. Glassdoor, a California-based app where staffers can review their employers, reported a 76% increase in marijuana industry job openings between December 2017 and December 2018. Average salary increase in cannabis job postings with Vangst between 2017 and 2018. Median salary for cannabis job openings in the United States in December 2018, according to Glassdoor. This is 10.7% above the U.S. median salary. Salary increase a worker could attain in Colorado when shifting from general farm labor to marijuana trimming. The average salary for a trimmer in Colorado is $29,120 per year, while the average farm laborer earns $21,160. Proportion of cannabis job openings for professional and technical workers in December 2018, according to Glassdoor. 690% 38% 16.1% $58,511 53% $249 00 Exclusivemarket, financialand operationaldata forcannabis businessesand investors AnnualMarijuanaBusiness 2018 | 6th Edition FACTBOOK YEAR-END UPDATE Revised to reflect ahistoricyear in cannabis. Annual MarijuanaBusiness FACTBOOK 6thEdition 2018 US$249 / lSBN:978-1-938219-25-2 Copyright©2018MarijuanaBusinessDaily® adivisionofAnneHollandVentures lnc. 3900S.WadsworthBlvd,Suite 100 Denver,CO80235 www.MJBizDaily.com The AnnualMarijuana Business Factbook is your leading resource for information and statistics on themarijuana industry. The editors and analysts at MarijuanaBusinessDaily painstakingly researchandevaluate the industry toprovide readerswith themost comprehensiveanddetailed lookat thecannabissector, includingoverarching trendsandoverviewsof themarket ineachstate. The 6th edition covers over 300 pages of all-new and exclusive financial benchmarks, stats and forecasts aswell as data on revenue, profitability and costs. Marijuana Business Daily provides themost trustedandunbiasedbusinessnews coverageofoneof theglobe’s fastestgrowing industries.TheAnnualMarijuanaBusinessFactbook is the leadingbusiness resource for information thatdrives industrygrowth. AnnualMarijuanaBusiness FACTBOOK 9781938219252 59999 ISBN 978-1-938219-25-2 $249.00 Exclusivemarket, financial andoperationaldata for cannabisbusinesses and investors 