A report by the New Mexico Department of Workforce Solutions found that at the end of last year, the state’s cannabis industry employed more than 4,600 workers and about 88% of those workers were employed by dispensaries.
According to the report, the vast majority of cannabusinesses in the state were retailers (112), followed by agricultural (21), manufacturing (10), wholesale trade (4), and all other sectors (4).
Agricultural workers comprised 3.7% of cannabis industry workers, with the manufacturing sector employing 3%, wholesale trade employing 2.6%, and all other sectors employing 2.4%, the report says.
Cannabis industry workers in New Mexico earned an average weekly wage of $560 a week during the fourth quarter of 2022, the report says, which was lower than all other industries in the state except for accommodation and food service, which had an average weekly wage of $474. The agency also found that cannabis industry wages have fluctuated since the first quarter of 2021 – when the average weekly wage was $655. The industry’s weekly wage peaked in the fourth quarter of 2021 at $715, according to the data, but fell the following quarter to $588, before rising to $622 in the second quarter of 2022, and $661 in the third quarter.
The fourth quarter weekly wage in 2022 was the lowest since the first quarter of 2021.
Get daily cannabis business news updates. Subscribe
End