Month: June 2024

Employee Benefits

Creating Competitive Compensation Packages for Cannabis Professionals

The cannabis industry is experiencing significant growth in compensation packages. From rising base salaries to sophisticated bonus structures and equity plans, companies are competing fiercely for top talent. Discover the key components of cannabis industry compensation and the roles seeing the largest salary increases in 2024.

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Marketing

Implement Cannabis Loyalty Programs: Boost Customer Retention and Increase Sales

Looking to boost customer retention and increase your dispensary’s sales? Implementing cannabis loyalty programs is a proven way to reward your regular customers and keep them coming back for more. With the right strategy, you can create a loyalty program that not only incentivizes repeat business but also builds a community of dedicated patrons who feel valued and appreciated. In this article, we’ll dive into the essentials of setting up an effective cannabis loyalty program and offer tips to ensure its success.

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Compensation and Equity

Rising Executive Salaries Reflect Growth in the Cannabis Industry

The cannabis industry is experiencing a notable surge in executive salaries, reflecting its robust growth and heightened demand for top-tier talent. Recent data reveals that executive pay has notably increased by 4.7%, outpacing the average non-executive salary increase of 4.1%. This trend underscores the significant economic expansion within the sector.

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