Some of Canada‘s leading cannabis companies have already agreed to participate in the 2019 Cannabis Industry Compensation Survey conducted by Cannabis At Work and Global Governance Advisors. This marks the 3rd consecutive year that Cannabis At Work has produced a benchmark compensation survey for the marijuana industry.
“Building a company’s brand is about more than ensuring consumers identify with a product. It’s also about understanding a company’s culture, working environment and compensation drivers” said Josephine DesLauriers, SVP of WeedMD. “As Licensed Producers looking to attract and retain talent, it’s important to ensure we remain competitive and that our industry data is rooted in fair and equitable benchmarking.”
“Understanding market conditions around compensation is key to ensuring companies attract and retain top-talent” said Alison McMahon, CEO of Cannabis At Work. “As recruiters working exclusively to serve the cannabis industry, we are often asked to provide insights and guidance around compensation. This survey provides a rigorous, data-driven benchmark to help cannabis companies make decisions.”
What is the Survey Supposed to Measure?
The survey will benchmark a variety of roles including executive-level positions, production and cultivation, processing, compliance and regulatory, facilities management, and corporate services. The survey will include data on base salaries, benefits, short and long-term incentives, and executive compensation. The survey is designed to assist both private and public companies in compensation planning.
“We are creating the industry standard for reliable compensation, incentive design, and benefits data. The strong support we have received to date, is an indication of trust and support for this major initiative and we are excited to release the results in early Fall 2019” said Paul Gryglewicz, Senior Partner and Head of Canada at GGA.
Who’s Participating in This Year’s Survey?
25 licensed producers are participating in the 2019 survey. According to the release, the list of participating licensed producers includes:
- Aurora Cannabis Inc. (NYSE:ACB) (TSX:ACB) (FRA:21P)
- HEXO Corp. (NYSE:HEXO) (TSX:HEXO) (FRA:74H)
- James E. Wagner Cultivation Corp. (TSXV:JWCA) (OTC:JWCAF)
- Northern Green Canada Inc. (Private)
- WeedMD Inc. (TSXV:WMD) (OTC:WDDMF) (FRA:4WE)
- Zenabis Global Inc. (TSXV:ZENA) (OTC:ZBSIF) (FRA:2VV)
Companies operating in the cannabis sector, including Licensed Producers, still have limited time to sign up to participate. To learn more or to participate in the survey, contact Cannabis at Work at firstname.lastname@example.org. Also, be sure to subscribe to updates here so you never miss an important development.
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