Vangst Releases 2019 Cannabis Industry Salary Guide
DENVER, November 15, 2019 — Vangst, the leading recruitment platform for the legal cannabis industry, released its 2019 Cannabis Industry Salary Guide. The report is a valuable resource not only for job-seekers who want to compare their compensation packages with others in their field and region, but also for employers who want to offer competitive compensation packages that align with the industry.
As the cannabis industry continues to grow, so do the opportunities for job seekers. Internal data from Vangst reveals that the total number of job opportunities grew 79% from 2018 to 2019.
As the cannabis industry experiences massive growth, professionals from all walks of life are taking note of the unique opportunities our industry offers. If cannabis companies want to attract top talent, they need to put together competitive compensation packages that extend beyond just being on par with pay.
Karson Humiston, Founder & CEO of Vangst
Vangst’s Cannabis Industry Salary Guide provides cannabis companies and prospective employees with benchmarks to ensure their salaries and benefits packages are as enticing or more than those found in long-established industries.
Vangst’s Salary Guide includes pay rates for a variety of cannabis-specific positions within cultivation, lab/extraction, manufacturing and retail. Salaries are divided into three percentiles 25%, 50% and 75%. There’s also information to help salary seekers and employers adjust salaries based on the cost of living for specific states.
Because pay isn’t the only variable to factor into an employee’s overall compensation package, Vangst also looked at benefits that cannabis companies are offering, finding that businesses are starting to offer more benefits—dental and vision increased by almost 15% from 2018, and the number of companies who offered no benefits decreased by 7.5%. In fact, Vangst found the cannabis industry is quickly catching up and even exceeding the national average in dental (65.4% for cannabis firms vs. 50% nationally), vision (59.6% for cannabis firms vs. 35% nationally) and 401(k) plan offerings (19% for cannabis firms vs. 14% nationally).
To find out more about average salaries and compensation in cannabis, request your free copy of Vangst’s Cannabis Industry Salary Guide here.
Vangst is the cannabis industry’s leading hiring resource. We match pre-screened, experienced candidates with opportunities in cannabis around the globe. We’re on a mission to build the cannabis industry through people, and since launching in 2016, have successfully matched thousands of candidates with jobs at leading cannabis businesses. For more information, please visit: https://www.vangst.com/