Canadian cannabis retailer High Tide is offering employees temporary pay bumps to improve staff retention and help front-line workers weather inflationary pressures, MJBizDaily has learned, as rising overall costs take a greater toll on businesses and consumers.
The Calgary, Alberta-based company notified employees Monday via email they will receive temporary inflation payments, according to the text of the email that went to employees. The email was shared with MJBizDaily.
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The payment will be equivalent to 1 Canadian dollar (78 cents) per hour and will be paid quarterly in a lump sum, minus taxes and other deductions. The first payment will cover only the month of June.
The program is anticipated to last until May 2023 but “may be discontinued at an earlier date,” according to the email.
Rising costs of goods and labor have hit the cannabis industry especially hard in recent months, as most businesses already operate
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