The cannabis industry has experienced remarkable growth over the past few years. According to a report by Grand View Research, the global legal marijuana market size is expected to reach USD 73.6 billion by 2027, expanding at a compound annual growth rate of 18.1% during the forecast period. With such rapid growth, the industry is creating numerous job opportunities, including high-paying jobs.
In this blog post, we will explore some of the high-paying jobs in the cannabis industry, including the role of a cannabis CPA.
Become A Cannabis CEO
A cannabis CEO is responsible for managing and overseeing the day-to-day operations of a cannabis company. This includes developing and implementing business strategies, managing employees, and ensuring the company complies with regulations. The average salary of a cannabis CEO is around $250,000 per year.
Becoming a cannabis CEO is a challenging yet rewarding goal that requires a combination of education, experience, and skills. First, you’ll need the right education and industry knowledge. A good education in business administration, finance, or a related field is crucial to becoming a CEO in the cannabis industry. Also, knowledge of the cannabis industry and the legal landscape surrounding it is essential. You can gain this knowledge through coursework, attending industry conferences, and keeping up-to-date with the latest industry news.
Second, gain experience in the cannabis industry. Building a successful career in the cannabis industry requires gaining relevant experience, ideally in several different areas. This experience could be gained through working in a dispensary, a cultivation facility, or a manufacturing company. This experience will help you gain the skills and knowledge needed to lead a cannabis company.
Of course, you can also just start your own company, and appoint yourself CEO. But if becoming a CEO seems like an out of reach goal at this point in your career. Fear not, there are plenty of other high paying jobs in the cannabis industry.
Become A Cannabis Attorney
A cannabis attorney provides legal advice to cannabis companies and helps them navigate the complex regulatory landscape. This includes advising on licensing and compliance issues, negotiating contracts, and handling intellectual property matters. The average salary of a cannabis attorney is around $170,000 per year.
To become a cannabis attorney, you will typically need to follow several steps. First, you will need to earn a bachelor's degree in a relevant field such as pre-law or political science. After that, you'll need to take the Law School Admission Test (LSAT) and apply to law school. Once you've been accepted to law school, you can begin working towards your Juris Doctor (J.D.) degree, which typically takes three years to complete.
During your time in law school, you may want to take courses in areas relevant to cannabis law, such as intellectual property, tax law, and business law. You can also seek out internships or clerkships with law firms or organizations that focus on cannabis law to gain hands-on experience in the field.
After you graduate from law school, you will need to pass the bar exam in the state where you plan to practice law. Once you've passed the bar, you can begin looking for job opportunities in the cannabis industry, either with law firms or in-house legal departments of cannabis businesses.
Become A Cannabis Marketing Director
A cannabis marketing director is responsible for developing and implementing marketing strategies for a cannabis company. This includes identifying target audiences, creating brand awareness, and developing marketing campaigns. The average salary of a cannabis marketing director is around $120,000 per year.
Becoming a cannabis marketing director requires a combination of education, experience, and skills. First, you may need a bachelor's degree in marketing, advertising, or a related field. Some universities even offer programs that specialize in cannabis marketing, which can be useful in developing your knowledge of the industry.
Second, gaining marketing experience is crucial. You can do this through internships, entry-level marketing roles, or freelance work. This will give you the chance to work on marketing campaigns, manage social media accounts, create marketing materials, and analyze marketing data. Because cannabis is a highly regulated industry, you must learn about cannabis regulations. As such, staying up to date with all relevant legal and regulatory changes is crucial.
Finally, networking with other professionals in the industry and attending cannabis conferences and events can help you build your connections and knowledge of the industry, which can prove to be useful when pursuing a career as a cannabis marketing director.
Become A Cannabis Extraction Technician
A cannabis extraction technician is responsible for extracting the active compounds from cannabis plants. This includes using solvents, CO2, or other methods to extract THC, CBD, and other compounds. The average salary of a cannabis extraction technician is around $50,000 per year.
Becoming a cannabis extraction technician requires a mix of education and hands-on experience. First, it's important to have a strong foundation in science. Relevant courses in chemistry, biology, and other scientific fields can provide you with the knowledge necessary to understand the chemical processes and principles of cannabis extraction.
It's also crucial to learn about the various techniques used in cannabis extraction, such as CO2 extraction, hydrocarbon extraction, and ethanol extraction. You can research these techniques and look for opportunities to learn more, such as through online courses, workshops, or certificate programs. Hands-on experience is vital for this career. Entry-level positions in cannabis extraction labs or processing facilities can give you the opportunity to learn about the equipment, techniques, and processes involved in cannabis extraction. It may be necessary to start in a lower-level position, such as an assistant or intern, and work your way up.
Finally, developing a network of contacts in the cannabis industry can help you find job opportunities and gain insights into the latest trends and advancements in cannabis extraction.
Become A Cannabis CPA
A cannabis CPA is a certified public accountant who specializes in the cannabis industry. They are responsible for helping cannabis companies with their accounting and financial needs, including tax planning and compliance, financial reporting, and business consulting. The average salary of a cannabis CPA is around $75,000 per year.
Becoming a cannabis CPA requires a solid background in accounting and a deep understanding of the cannabis industry. First, you will need to earn a bachelor's degree in accounting, finance, or a related field. Second, it's essential to gain practical experience in accounting by working in entry-level positions, such as a bookkeeper, accountant, or financial analyst. This experience will help you develop the necessary skills and knowledge required to become a successful cannabis CPA.
You’ll also find that gaining an understanding of the cannabis industry is critical. This means staying up-to-date with regulations and trends in the industry. There are many educational resources available, such as attending seminars, conferences, or industry-specific courses. Finally, to become a successful cannabis CPA, it is essential to develop a strong network of contacts in the industry. This can help you stay up to date on the latest industry trends and find job opportunities in the field. Networking can be done by joining industry associations, attending cannabis events and conferences, and seeking mentorship from experienced professionals.
Come Work At Indiva Advisors
The cannabis industry offers a variety of high-paying jobs that are both challenging and rewarding. With the industry's continued growth, it is likely that even more opportunities will arise in the coming years. If you are interested in working in the cannabis industry, consider pursuing a career in one of these high-paying positions.
If you think you’ve got what it takes to work with Indiva, please check out are available jobs. If you don’t see something that fits right now, don’t hesitate to reach out and learn what other openings might be right for you.