US It pays to be a scientist in the marijuana industry

21:41  04 november  2017
21:41  04 november  2017 Source:   CNN

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.

It pays to be a scientist in the marijuana industry - WFSB 3 Connecticut. Member Center (CNN Money) -- If you're dreaming about striking it rich in the burgeoning legal marijuana industry , it 'll help to have an advanced science degree.

to the chemicals involved (a risk that’s higher among people attempting to do extractions themselves in home labs than among trained scientists in a professional setting), contribute to its high pay . The Bottom Line. The marijuana industry has numerous high- paying jobs beyond the five covered here.

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.

Analysis | Trump speaks out on drugs: ‘they’re bad’

  Analysis | Trump speaks out on drugs: ‘they’re bad’ Two speeches underscore a drug policy that seems straight out of the 1980s.“We've got to reestablish first a view that you should say 'no' — people should say 'no' to drug abuse,” Attorney General Jeff Sessions said at the Heritage Foundation, echoing former first lady Nancy Reagan's famous line.

“ It doesn’t pay to be honest.” Hazy science . » Inside our analysis The science and scientists behind our marijuana testing. » Concentrates pose challenge Tests find hash oils are particularly prone to contamination.

The industry and position dictate pay . In the chemical industry , the highest salaries are paid in the life sciences : chemists earn an average of almost 63,000 euros a year.

"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.

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.

Then, after working as a research scientist for “I’ve been in the industry for two years. But it ’s like dog years, so it ’s 14. You get in, get known, and create a position for yourself.” Lawyer Leah Heise has faith that marijuana will be legalized at the federal level in the not-so-distant future.

STYLECASTER/Getty Images. Most of us have fantasized about working in a job that’s a world apart from the one we actually get paid to do. The ones I play out in my imagination vary from the relatively mundane (yoga instructor, social worker, teacher) to the rarer and more exciting

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."

FDA Warns Cannabis Makers About Health Claims

  FDA Warns Cannabis Makers About Health Claims <p>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.</p>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.

The pay scheme is pretty much the norm in industry (with room for some deviations of course). The levels and titles might be called different things, but I'm far more interested in being a scientist than making money, but it 's not as though I'm specifically opposed to making money on the side, if possible.

Douglas Duncan, ’11 BS and ’15 PhD Chemistry, has a succinct answer when asked how he found himself working in the cannabis industry . With limited options in Nevada for top-notch scientists , two UNLV grads welcome the high-tech jobs that the marijuana industry brought.

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."

12-year-old suing Sessions over marijuana policy .
A 12-year-old girl in Colorado is suing Attorney General Jeff Sessions over what the lawsuit claims is an unconstitutional federal prohibition on medical marijuana. Alexis Bortell, who uses a strain of cannabis oil called Haleigh's Hope to keep seizures at bay, told Fox 31 in Denver that she hopes the lawsuit will at least normalize medical marijuana. Her best hope, she said, is that it will legalize it nationwide.


—   Share news in the SOC. Networks

Topical videos:

This is interesting!