•   
  •   
  •   

US It pays to be a scientist in the marijuana industry

21:41  04 november  2017
21:41  04 november  2017 Source:   cnn.com

Majority of Republicans Now Back Legalizing Marijuana, Gallup Poll Shows

  Majority of Republicans Now Back Legalizing Marijuana, Gallup Poll Shows A new Gallup survey also shows overall support for pot legalization continues to climb.Call it a tipping point in pot polling.

Budtenders, who sell marijuana to customers at dispensaries, typically make about an hour. The job requires an in-depth knowledge of cannabis He has a bachelor's in plant science from Hebrew University in Jerusalem and started working in the cannabis industry in his native Israel before

Marijuana seen on the road between the municipalities of Toribio and Caloto in the department of Cauca, Colombia, on March 15, 2016. But for an industry predicted to employ as many as 300,000 people by 2020, according to analytics firm New Frontier Data, the majority of jobs in the field will pay

a man standing in a garden © Ethan Miller/Getty Images

If you're dreaming about striking it rich in the burgeoning legal marijuana industry, it'll help to have an advanced science degree

But for an industry predicted to employ as many as 300,000 people by 2020, according to analytics firm New Frontier Data, the majority of jobs in the field will pay relatively low wages and require little skill.

Jobs like budtender and bud trimmer, entry level positions, will make up the vast majority.

Bud trimmers prepare marijuana plants for retail sale. They get paid on average between $8 to $12 an hour, according toJacob Silverstein, a former marketing manager for the Las Vegas dispensary ReLeaf who is currently a cannabis industry consultant.

California to tax pot as much as 45%

  California to tax pot as much as 45% California's black market for cannabis expected to thrive in the face of 45% tax rate for legal weed, says Fitch Ratings report. Between customers, retailers and growers, taxes on cannabis may reach as high as 45% in parts of the state, according to a Fitch Ratings report. Those high taxes may keep consumers away from legal marijuana stores once the recreational retail market goes live on January 1.

Bud trimmers prepare marijuana plants for retail sale. They get paid on average between to an hour, according to Jacob Silverstein, a former marketing manager for the Las Vegas dispensary ReLeaf who is currently a cannabis industry To be sure, there are a handful of jobs that will pay well.

Bud trimmers prepare marijuana plants for retail sale. They get paid on average between to an hour, according to Jacob Silverstein, a former To be sure, there are a handful of jobs that will pay well. But they require science and engineering knowledge. The greatest demand, according to James

"It takes all of 10 minutes to train someone to do it properly and it takes an hour to get proficient," he said.

Budtenders, who sell marijuana to customers at dispensaries, typically make about $14 an hour. The job requires an in-depth knowledge of cannabis strains and products and a bartender-like rapport with customers. In Colorado and also Michigan, where medical marijuana is legal, budtenders are required to have licenses.

To be sure, there are a handful of jobs that will pay well. But they require science and engineering knowledge.

The greatest demand, according to James Yagielo, co-founder and owner of the Florida-based headhunter Hemp Staff, is for master extractors. They process the active components THC and CBD from marijuana and hemp to make oils, concentrates, edibles and other products.

FDA Warns Cannabis Makers About Health Claims

  FDA Warns Cannabis Makers About Health Claims Marijuana doesn't cure cancer. It has not been shown to somehow explode tumor cells or promote the growth of new brain cells, the Food and Drug Administration said Wednesday.Marijuana doesn't cure cancer. It has not been shown to somehow explode tumor cells or promote the growth of new brain cells, the Food and Drug Administration said Wednesday.

Bud trimmers prepare marijuana plants for retail sale. They get paid on average between to an hour, according to Jacob Silverstein, a former To be sure, there are a handful of jobs that will pay well. But they require science and engineering knowledge. The greatest demand, according to James

If you’re dreaming about striking it rich in the burgeoning legal marijuana industry , it ’ll help to have an advanced science degree. But for an industry predicted to employ as many as 300,000 people by 2020, according to analytics firm New Frontier Data

The master extractor at Acme Elixirs, a producer of THC and CBD chews and vape pens, earns $250,000 a year, said founder and CEO Peter Pietrangeli. But he said that even with that level of pay it's hard to recruit and keep these workers "because after a while they'll get the funding to build their own labs."

Becoming a master extractor requires a PhD in biochemistry with a background in engineering, which means there's a small pool.

"This is a rat race for talent," said Silverstein.

He said job seekers with degrees in botany, chemistry or pharmacology are the next generation of master growers and lab directors. Like master extractors, lab directors and master growers can earn big dollars.

"I know some master growers who make more than $200,000. They're valuable," said William Simpson, CEO of Golden Leaf Holdings, an Oregon-based chain of dispensaries, cannabis farms and manufacturers. "That is going to be a very sought after, difficult position."

Maine Governor Vetoes Legal Weed Market

  Maine Governor Vetoes Legal Weed Market Gov. Paul Lepage's decision to veto a bill on Friday that would have built a recreational marijuana retail market is a major buzzkill for some.In his veto letter, LePage urged the Maine legislature to "sustain this veto" because he did not believe that the bill was satisfactory. The bill passed with enough votes to overturn a veto in the state Senate, but not the statehouse.

Budtenders, who sell marijuana to customers at dispensaries, typically make about an hour. The job requires an in-depth knowledge of cannabis To be sure, there are a handful of jobs that will pay well. But they require science and engineering knowledge. The greatest demand, according to James

Bud trimmers prepare marijuana plants for retail sale. They get paid on average between to an hour, according to Jacob Silverstein, a former To be sure, there are a handful of jobs that will pay well. But they require science and engineering knowledge. The greatest demand, according to James

Elad Spiegel, director of cultivation and breeding for Golden Leaf, said his annual pay is $120,000. He has a bachelor's in plant science from Hebrew University in Jerusalem and started working in the cannabis industry in his native Israel before joining Golden Leaf in 2015.

Yagielo of Hemp Staff said entry level pay for master growers is typically $40,000 a year for horticulturalists, or $60,000 for botanists, but pay can grow to $120,000 within three years.

He said that pharmacologists might start at $40,000 managing a dispensary but they could eventually make $100,000 by managing several for a dispensary chain.

Related: Retail marijuana is spreading to California, Massachusetts, Maine

But the people who make the most money in the industry aren't the ones who are getting hired; they're the ones creating the jobs.

Being an entrepreneur requires a lot more risk than getting a job, especially in an industry that's considered illegal by the federal government. But the pay-off, if it all works out, could be lucrative.

"The best paying job?" said Simpson. "Go get a business degree and start your own company."

Town bought by marijuana company on way to becoming pot mecca .
 A cannabis company’s audacious plan to turn this remote settlement into a marijuana mecca is taking shape. New signs mark the town’s borders on the one road in. NIPTON, Calif. — A cannabis company’s audacious plan to turn this remote settlement into a marijuana mecca is taking shape.

—   Share news in the SOC. Networks

Topical videos:

This is interesting!