Marijuana Business Magazine April 2019

Marijuana Business Magazine | April 2019 60 While CEOs in all industries are typically among a company’s top earners, salaries for cannabis CEOs trend higher than those in mainstream industries, including agriculture, according to this spot survey. CEO Salary Matchup Below is a snapshot detailing how the salaries of certain North American cannabis CEOs (shown in alphabetical order by company name) compare with their mainstream counterparts in the United States. The U.S. figures, culled from the Bureau of Labor Statistics, represent the mean annual salaries for CEOs in agriculture and food manufacturing as well as the national estimate for mainstream CEOs. By Jenel Stelton-Holtmeier and Maggie Cowee Base Salaries of Cannabis CEOs Acreage Holdings Kevin Murphy $375,000 Aurora Cannabis Terry Booth $380,282 (CA$500,000) Canopy Growth Bruce Linton $228,169 (CA$300,000) KushCo Holdings Nick Kovacevich $157,000 MedMen Enterprises Adam Bierman $1.5 million $528,090 (including MedMen) $285,113 (excluding MedMen) Mean Annual Salaries for CEOs in Select Mainstream Industries $196,050 National estimate for CEO position Marijuana Business Magazine Takeaways Source: Bureau of Labor Statistics Cannabis CEO Average Source: Company documents Note: Mean annual wage for CEOs in 2017. On average, cannabis CEOs earn $285,113. That’s a little more than $89,000 more than the national average for mainstream CEOs ($196,050) in the United States, or a 45% difference. Cannabis CEO salaries researched for this graphic represent publicly traded companies in the United States and Canada. Their salaries can range from $157,000 to $1.5 million—a tenfold difference. Salary Survey $198,770 Agriculture, forestry, fishing and hunting $207,710 Food manufacturing Note: Salaries are for the latest fiscal year.