CannaBIZ Archives - Green Market Report

Julie AitchesonMay 14, 2021
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Job growth for the United States in April 2021 might not have quite matched expectations with a disappointing increase of 266,000 jobs and an unemployment rate rise for the first time since 2020, but executive search and staffing firm Cannabiz Team’s latest Cannabis Industry Salary Guide for Q2 2021 tells a different story for the cannabis market. With 320,000 full-time cannabis jobs in the U.S., the cannabis industry ranks as the fastest-growing industry in America. As cannabis legalization spreads, projections have cannabis hitting $35 billion dollars in sales and providing 500,000 full-time jobs by 2024. Cannabiz’s report covers the rising demand for skilled staff, how this is driving compensation, and how big-name MSO’s are starting to scout outside of the industry for top-dollar talent.

At present, adult-use cannabis is legal in 17 states and D.C. and medical marijuana is legal in 36, with Connecticut, Minnesota, and Hawaii poised to follow suit. This not only means heightened demand for products, more growing operations, and production facilities coming online, and more business owners applying for licenses, but more jobs all around. Cannabiz’s Q2 jobs guide highlights where the “hot jobs” are in this expanding market, including those within supply chain management, large-scale cultivation, product and brand development, finance and accounting, administrative infrastructure, and retail. Cannabis salaries are up across the board in these sectors and others, with double-digit increases for experienced managers and C-suite executives. The report attributes these increases to competition and a shortage of employees with specialized cannabis experience or transferable skills. 

New recruits from outside the industry are coming from all corners of the U.S. economy, most significantly from the food and beverage, pharmaceutical, agricultural, medical supply, CPG, technology, and retail industries. John Deere, Proctor and Gamble (NYSE: PG), and Tesla are among the country’s largest companies from which multi-state cannabis operations are sourcing recruits. 

Unsurprisingly, California comes in first in the number of total cannabis jobs at 58,000, with Colorado and Florida nearly tied for second with 35K and 31K total cannabis jobs respectively. Oklahoma and Pennsylvania hover at the bottom of the “Top Cannabis Jobs” list by state with 17K and 16K respectively. 

With a cannabis company’s Chief Financial Officer’s earning potential placed at a high of over $400,00 a year according to Cannabiz data, it’s easy to see where those double digit increases fall, especially since jobs at the public-facing retail end, say for a budtender, top out at a high of around $40,000 a year. Lower-paying jobs did see a salary increase as well, though only in the single digits- a gap that stands to narrow as legalization, investment, and expansion maintains momentum for the cannabis industry.

 


StaffDecember 20, 2018
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Cannabiz Network releases a B2C commerce platform powered by Headset’s Real time cannabis market data and SpringBig’s loyalty software

ASBURY PARK, NJ (December 20, 2018) /AxisWire/— Cannabiz Network, owned by CBZ Technologies, today announced their multi-platform collaboration agreement with Headset and SpringBig. This trio of Cannabis industry leaders create a powerful value proposition of targeted, localized consumer tools and reward options for medical and recreational dispensaries by state.

Cannabiz is changing the way consumers search, find and buy Cannabis products by providing state-by-state curated e-commerce menus. Using dispensary transactional data provided by Headset, Cannabiz curates daily, location-specific menus of top selling products and prices for consumers. This menu allows buyers to make a purchase for in-store pickup or delivery.

“By utilizing Headset’s real time market data Cannabiz Network has taken online menu services a step further by introducing the “9×9″ menu which shows over 240 unique product selections daily from numerous dispensaries in their home state.” says Don Reynolds, Director at Headset. “Using our real time cannabis market data, consumers can make informed decisions on selection, pricing and delivery options from the menus offered by participating dispensaries using the technology provided by Cannabiz.”

Through SpringBig’s loyalty solution platform, their 3 Million + users can receive two points for every dollar spent. These points can then be redeemed for products from Cannabiz and all of its participating retailers.

“By creating this platform, Cannabiz has taken the guesswork out for the consumer. They are able to highlight top-selling and trending products in the area, show where to buy and confirm the price they should pay. This is all while earning the consumer double reward points for shopping through Cannabiz and their favorite dispensaries.” comments SpringBig’s CEO, Jeff Harris.

“Our vision has always been to create a superior e-commerce platform in the Cannabis market. We wanted a more timely and relevant experience for our consumers,” states CEO of CBZ Technologies, Michael Pasanello. “Now, with the support of SpringBig and Headset, not only are we able to bring timely and curated offers directly to our buyers, but we are able to reward them as well!”

The collaboration will be launching in early 2019 starting with (Nevada) NVcanna.biz, (Colorado) COcanna.biz, (Washington) WAcanna.biz, and (California) CAcanna.biz.

About Cannabiz Network

Founded in 2013, CBZ Technologies is an intellectual property company that strives to provide transparency and efficiency in the purchase, pickup and delivery of curated Cannabis products between the dispensary and consumer. This is accomplished through proven, scalable end to-end dispensary software solutions. To date CBZ own 227 domains and owns all rights to Canna.biz® Canna.biz Network® and CBZ™.

About Headset

Headset is a data and analytics service provider for the Cannabis industry, with a mission to help operators make more informed business decisions through data. Headset focuses on consumer transaction information to help cannabis retailers better optimize operations while leveraging aggregate and retailer-direct sales data to provide product manufacturers, processors and distributors the tools to identify trends and opportunities, stay competitive, and collaborate with retail customers.

About SpringBig

Founded in 2012, SpringBig is the leading provider in customer loyalty and marketing communications solutions for Cannabis retailers. With customers across the United States, SpringBig is helping dispensaries keep their customers connected and engaged while allowing them to track their inevitable success and ROI in real time.[/vc_column_text][/vc_column][/vc_row]


Debra BorchardtFebruary 7, 2018
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CannaBIZ and Company will be live today at 1 pm eastern on Facebook. 

Join us for our weekly half-hour CannaBIZ and Company broadcast LIVE on our Facebook page. Hosted by Jamie Cooper and Debra Borchardt and powered by Cannabiz Connection and Green Market Report.
Debra will be interviewing Cannabis Benchmark’s CEO Jonathan Rubin on wholesale cannabis prices. Rubin will be talking about how harvest season is testing the national bottom in prices. You don’t want to miss that!

 


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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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