Photo Credit: THOMAS E. FRANKLIN
That’s the median salary of those working in the cannabis industry, according to a new study from employment site Glassdoor.
Cannabis jobs pay higher than U.S. median salary. At $58,511 per year, it is $5,648, or 10.7 percent, higher than the U.S. median salary of $52,863, according to Glassdoor’s December 2018 Local Pay Report.
In addition, cannabis job openings are increasing rapidly. According to Glassdoor’s database of job openings, it found 1,512 cannabis industry job openings in the U.S. in December 2018, a 76 percent increase over the same period in the previous year.
The industry is also creating new jobs for a wide range of professionals: 53-percent of cannabis job openings are for professional and technical workers. Market trends are driving increased demand for a wide variety of skills and backgrounds from marketing to plant sciences to accounting.
“We know that cannabis is a hot topic, and we were curious if it was reflected in our jobs data,” said Glassdoor economist Daniel Zhao, the study’s author told CBS News. “It’s a really strong indicator of employer confidence because they’re really only going to make investments in hiring if they think they think it’s going to grow.”