The cannabis industry is a lucrative one, with dispensaries boasting net profit margins ranging from 15% to 21%. However, if you open a dispensary in a new market or in a state with lower taxes and operating costs, you can make even more money. Consultants are also highly sought after in the cannabis industry, as manufacturers need guidance on regulations and compliance. As the chief financial officer or director of operations of a dispensary, your responsibilities will include managing the cultivation facilities, accounting department, and financial reporting.
You will also be responsible for overseeing collection, processing and distribution, and improving efficiency by analyzing operations. Additionally, you'll need to develop and monitor budgets. With marijuana laws changing rapidly across the United States, there are plenty of opportunities to make money legally and with benefits. The cannabis industry has created many new jobs, many of which are well-paying.
As the industry continues to grow, so does the number of job offers available. Cannabis sales managers must have an extensive knowledge of the marijuana industry as well as competing cannabis companies.