Colorado, the first state with legalized adult-use cannabis sales, is projected to reach $1.94 billion in medical and recreational sales by 2025, placing it fourth behind California, Florida’s medical-only market ($2.51 billion), and Washington state ($2.14 billion).Colorado marijuana shops had roughly $1.3 billion in sales for 2016, according to The Cannabist’s calculations of Colorado Department of Revenue tax data. As part of the ever growing industry there is plenty of money to go around, here are the top 5 jobs in the medical Marijuana Industry that pay more than $100,000 a year.
1. -Marijuana Master Grower
Marijuana growers earn on average $50,000 to over $1 million annually.These figures vary greatly based on which state the grow is located in, how many plants are grown, and how the laws are as far as legally selling cannabis that is cultivated.Some of the best states to make a good living growing marijuana in are:California, Oregon, Arizona, Colorado, Maine, Michigan, and Massachusetts.When looking at cannabis job salaries being a marijuana grower is the most sought after position by cannabis career applicants.
2. Extraction Technician
Most people only think of marijuana in the plant form, however marijuana extracts are a growing side of the business, amounting to 40% of sales at some stores. These “extract artists” have a unique set of skills. Peterson said many of the people he hires for this job have PhD’s. They can earn between $75,000 and $125,000 a year. Some states don't like the idea of people smoking pot for medical purposes and like the state of New York have only legalized medical marijuana in the extract form. While there are expensive machines that do the actual extraction, it requires a person with the knowledge and experience to make sure the product being delivered to a patient or customer is exactly what it is. Consistency and quality are the name of the game.
3. Cannabis Edibles Chef
When looking at cannabis job salaries the position of marijuana edibles chef comes up as one of the most popular positions in the cannabis industry.A Marijuana Edibles Chef on average earns between $40,000 and $100,000 a year.Salary depends on how big of a company they are employed by. How many cannabis edibles they create and sell. How many dispensaries carry their line of edibles. Brownies seem to be the highest selling product of all edibles.
4. Event Coordinator
A medical marijuana event coordinator can make up to $60,000 to $500,000 a year by putting together events that bring together people in the Marijuana industry. With 420 being one of the biggest Holidays in each state that is legalized, many promoters charge up to $100 to $200 a ticket to attend an event that brings in over 50,000 plus attendees. Along with charging vendors for space it could cost each one up to $5000 for a 10x10 booth. All is costly though with permits, special guests , security and staffing.
5. Store Manager
A dispensary manager earns on average between $60,000 and $150,000 per year.
Dispensary managers are responsible for the day-to-day operations at medical marijuana dispensaries, or even at recreational cannabis stores.Dispensary managers are often hired from within after starting as a budtender or cannabis trimmer. Many benefits come with managing a store like as with any other business you get vacation time as well plus discounts.