It goes without saying that the red-hot cannabis industry is absolutely booming with more and more products popping up every day. Legalization of cannabis in the United States and legalization in Canada had a big impact in opening up the weed jobs market. The global legal marijuana market size is expected to reach $66.3 billion by the end of 2025, according to a new report by Grand View Research, Inc.
Cannabis recruiting company Vangst just released its 2019 annual salary guide and as expected, as more states legalize medical or recreational cannabis sales, and nascent markets continue to mature, the cannabis job market is strong.
All businesses in the weed industry, whether dealing with production, retail or anywhere in between, need support from different institutions, people and technology in order to function.
Not only did legalization made it possible for people to freely enjoy what they love, it has also increased tax revenue and created tens of thousands of jobs.
Even those who are opposed to legal weed can’t underestimate the impact it has had on the economy.
The report analyzes the industry by focusing on the four main verticals in the seed-to-sale process: cultivation, lab/extraction, manufacturing and retail. Each vertical is analyzed in even more depth, including the top jobs for each vertical, job descriptions, adjusted salary averages (based on experience and location/state) and a benefits overview.
Total cannabis job opportunities increased 79% from 2018 to 2019, and an estimated 211,000 full-time employees will make up the legal cannabis industry in 2019. Expected growth estimates in the report predict that 414,000 new jobs will be created in the US in 2021.
According to the report, high-demand positions include budtenders, brand ambassadors, cultivation technicians and directors, delivery drivers, and trimmers. A significant portion of the jobs however will not be full-time or year round. Seasonal employees and freelancers, also called, “on-demand talent,” will likely make up about 40% of the average company’s workforce by 2020 according to the report.
From January 1, 2017 to January 1, 2018, Vangst saw a 690 percent increase in cannabis industry job postings on the platform, with a 16.1 percent salary increase over that same time span.
Total economic impact of the cannabis industry will range from $39.2 billion to $48 billion in 2019, an approximate 35% increase over 2018.
By 2021, the U.S. cannabis industry is estimated to create 414,000 jobs. This is nearly twice the estimated 211,000 full-time employees who make up the legal cannabis industry this year.
A report by Leafly and Whitney Economics released in May found that the U.S. cannabis industry added more than 64,000 jobs in 2018, a growth rate of 44 percent. In 2017, the increase in cannabis jobs in the U.S. was at just 21 percent.
In August, Statistics Canada reported that the nation – which federally legalized cannabis last year – saw a near-quadruple increase in cannabis industry jobs from the previous year from 2,630 to 9,200. In 2017, Canada’s cannabis space accounted for just 1,438 jobs.
The industry is on track to expand to new markets soon. Nine states have cannabis on their 2020 ballots. Ready to take your skills to a booming cannabis industry? There’s almost certainly a marijuana job out there for you.