The U.S. legal cannabis industry expected to create around 108,000 new jobs in 2023 – Study

According to the report, job growth is evident in all three major areas of the cannabis industry. Efficient, large-scale cultivation of high-quality cannabis is one of the highest-paying occupations, with a vice president of cultivation earning an average of $256,300 a year. CFOs are also in high demand and certainly won’t complain about earnings.

As more and more states legalize cannabis, the number of people employed in the cannabis industry is growing. A new study by CannabizTeam, an executive search and recruitment firm, estimates that some 108,000 new cannabis-related jobs will be created in 2023.

According to a new report by Leafly and Whitney Economics, America’s legal cannabis industry is now employing nearly twice as many full-time workers as in 2019. In January 2022, there were already 428,059 Americans working full-time in the cannabis sector, up from 321,000 in 2020.

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Job growth is evident in all three major areas of the cannabis industry

As in any sector, managers, warehouse workers, programmers, marketers, and salespeople are needed, as well as lawyers and public relations specialists. In addition, biologists, chemists, farmers, food and beverage experts, horticulturists, and client advisors have experience advising on cannabis products. These are just some of the sought-after professionals in the cannabis industry.

According to the report, job growth is evident in all three major areas of the cannabis industry, namely cultivation, product testing for cannabinoids and terpenes, and retail. There are also opportunities for manufacturers of various equipment, including agricultural equipment and lighting, chemical analysis equipment, and merchandising materials.

Efficient, large-scale cultivation of high-quality cannabis is one of the highest-paying occupations, with a vice president of cultivation earning an average of $256,300 a year. CFOs are also in high demand and certainly won’t complain about earnings.

Branding and marketing are probably among some of the most important areas in the cannabis industry. Any new state that legalizes cannabis offers a wide-open market for companies looking to build brand recognition and solicit positive feedback from customers.

The lack of federal legalization means that no national brands have yet emerged. For now, each state has specific restrictions on how, when, and where cannabis can be advertised, so expertise is needed in all areas of this new industry to conduct business according to industry guidelines.

Experts have calculated that cannabis sales have reached $33 billion in global sales by 2022. The average salary of legal cannabis store managers increased by 6% across all cannabis companies.

Cannabis companies are looking for experienced cultivation experts with proven experience working in outdoor cultivation and large-scale indoor facilities in multiple locations. However, it is also possible to find entry-level jobs such as harvesting assistance and post-harvest flower trimming.

(born2invest)

(Featured image by  TerreDiCannabis_ via Pixabay)