The Marijuana Industry is the fastest growing business sector in America at present. In the last 2 years the industry has grown 74%. It is now estimated to be a 6 billion dollar industry with projections reaching 10 billion in the next 3 years. In the last article entitled Where Da Weed Man At , I argued for black men to take part in the oncoming legalization of marijuana. It’s kindergarden logic that some of that green (plant and paper), should fall into black hands. However, I am keenly aware that many black men simply will not qualify to obtain a grower or dispensary license due to a felony conviction. Others, will probably be leery about the initial investment required to enter the industry. Therefore, I am compiling the 7 highest paying jobs in the Marijuana Industry for Black Men. These job do not pay minimum wage. They pay a living wage that starts at $15.00/hr for entry level positions. So If your record is clean and you wish to make that green, these are the jobs for you.
7. Marijuana Edibles Chef. We are all familiar with the weed brownie. But there are other edibles that can be prepared using marijuana such as gummy bears, lollipops, mac-n-cheese, and peanut butter cookies. No! I ain’t trying to make you niggas hungry!…lol..But what I am trying to tell you is that Marijuana Edibles Chefs make anywhere from $50,000-$100,000 per year. Does that make you hungry?
6. Marijuana Sales Representative (AKA the Weed Middle Man) These are the guys between the between growers and stores. They broker the deals for the stores with the growers. To be successful, you need to understand both the production and sales areas of the market. The going salary for a weed middle man is about $60,000 plus commission. That’s something you can roll a fat one to!
5. Dispensary Store Manager. Dispensary store managers run the day to day operations of the store, as well as, make sure you’re following all of your state’s obscure cannabis laws that keep the store owners and the customers out of trouble. They are an indispensable tool for success of any marijuana dispensary in the local area. The average salary for a store manager is reported to be about $75,000/per year.
4. Cannabis Extraction Technician. Marijuana is a plant and the study of its’ properties mean lab work. Medical Marijuana may be legal in some states, but not all them allow patients to smoke it or consume edibles. Thus, there is a thriving field for those who know how to convert cannabis into oils or other forms to comply with state laws. The average salary for a weed tech is about $75,000-$125,000 per year.
3. Marijuana Cultivator (Grower). Anyone with good lighting and the proper hydroponic equipment can grow some weed. But it takes a skillful person to produce large quantities to supply dispensaries. Cultivators must know the proper care for the various strands, exactly how much lighting is needed for large yields, as well as, how to protect mass quantities of marijuana from damage by pests. Cultivators can bring home an income at or between $80,000-$100,000 per year.
2. Budtender (Weed Pharamacist). Budtenders are the Marijuana Industry’s equivalent of pharmacists. Budtenders provide customers information about dosage, different types of cannabis, and the wide variety of strands and strains. Most importantly, they inform customers of the effects what they smoke, eat, or purchase from a dispensary. Budtenders will typically caution new users to take half the recommended dose and then wait 60 to 90 minutes in order to experience the full effect. Budtenders receive rigorous training in their field that can go all the way up to one year. Some are even licensed in the industry. Budtenders tend to average about $100,000-$125,000 per year depending on the dispensary.
1. Dispensary Owner. A dispensary owner owns, directs and sometimes even works at a dispensary that supplies marijuana either medicinally, or recreationally. These guys buy direct from an authorized cultivator. Because they are buying in mass quantity, the usual rules of business apply: buy low, sell high. Although their product may be unconventional, their approach to business is still the same. It’s not just a vice, it’s a business! Because they deal with large quantities, the profit range can be huge. Chain stores can bring in from $125,0000-$2.500,000 million a year depending upon the size of the operation. For that kind of money, I’d be in love with Mary Jane too. So! the moral of the story is that Marijuana is a helluva drug! (shout out to Rick James).
For more articles go to powerandstrategy.com like, share and subscribe to the articles and videos. You can also subscribe to the mailing list at the website or on you tube. Also become a patron at powerofstrategies or donate through the website. Till next time, the green is waiting!