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Does the “great resignation” of the cannabis industry help or harm right now?
Thousands of retail workers are quitting their jobs to seek refuge in the cannabis industry. The Great Resignation as we know it has seen an upward growth in the number of jobs in the cannabis industry and the speed at which they are filled.
The legal marijuana industry is currently one of the fastest growing sectors in the US despite the state ban. Americans have resigned in droves to seek less stressful jobs since the fall in COVID-19 cases. The legal cannabis industry has hugged quite a few of these people and is still adopting more. Here, employees who previously quit underestimated jobs are guaranteed work under the best conditions.
According to a Washington Post report a few weeks ago, the cannabis industry grew 32%. At the same time, other industries are struggling to stay afloat.
Leafly also reported that no fewer than 70,000 new jobs have been created and filled in the past 12 months. This brings the total number of people employed in the American cannabis industry to around 321,000. This is more than the workers who serve as paramedics, airplane pilots, electrical engineers, rescue workers and other enviable sectors.
The pandemic resulted in a job drought as well as an economic recession that the country is trying so hard to reverse. In all of these cases, the cannabis industry has grown stronger. For this reason, two top executives from Vangst were interviewed a few days ago to get a deeper insight into the current state of affairs in the cannabis industry. While the marijuana industry has seen its own version of the “Great Resignation”, hiring trends for the industry as a whole continue to rise.
The interview
Karson Humiston and Kelsea Appelbaum are senior executives at Vangst. Karson is serving as the company’s chief executive officer while Kelsea is serving as the head of Community Partnerships.
What is fear doing?
Vangst is a recruitment agency that helps companies in the cannabis business find employees to fill available positions. In this wild green rush, Vangst has filled thousands of slots from entry level to executive or administrative level. The total value of these salaries is more than $ 100 million. The agency has also helped organize at least 150,000 cannabis gigs, and they have ties to the top 1,000 cannabis companies in the United States.
What do you think of the big resignation and its impact on the cannabis industry?
It has had a positive impact on the industry, Karson replied. She went on to say that the industry wasn’t seen as a realistic career option a few years ago. The pandemic has made it clear to many Americans that jobs in the cannabis industry will persist.
Since cannabis was legalized in numerous states, sales have risen, not to mention the drug’s essence is no longer questioned.
Karson added that the operators of the industry with the great resignation now have the chance to develop companies properly. From day one, distraction and inclusion should be on the mind of the entrepreneur. Great benefits and future-oriented strategies can also be pursued for employees.
The cannabis industry is like a breath of fresh air. Tired of the archaic working conditions of the old industries, millions of American workers are choosing to take advantage of the myriad of opportunities they now have. “Everyone, including you, wants to work in a modern industry that values its employees above all else.”
What jobs do you currently have to look out for in the cannabis industry?
According to top executives, this question has been asked countless times by people who want to move into new industries.
Karson says the industry will have over a million brand new cannabis jobs in a few years, new areas. In the near future, the average salary for an industrial worker will be around $ 50,000 to $ 55,000. The industry is ripe for an influx of workers in all units; Finance, technology, marketing and administration.
The Green Rush is still very active
When asked if it was not too late to get into the cannabis industry, the duo replied that the industry is just getting started.
It hasn’t even reached a quarter of its predicted potential yet. So the best time to get into the industry is now.
What many people suspect to be the first wave of the green rush craze will seem perfectly normal in the years to come as the industry heads for a $ 100 billion industry.
Entry into the industry
Kelsea says there are two avenues into the industry right now. Either you network or you advocate. Both ways are the safest ways to get noticed by the big names who are in charge of the industry. When you network, you need to be ready to be available for any event to meet people, ask questions, and make suggestions. On the other hand, advocacy helps you understand the roots of the industry so that you will be able to grow while addressing the root causes of injustices in the industry.
Entrepreneurs don’t miss out either, you can act as an intrapreneur until you gain a foothold. Kelsea gave an example of a person joining a startup to have equity while providing valuable services. In this way, they are co-owners of the startups.
Bottom line
The great resignation peaked in April and has remained constant since then. As of late July 2021, data showed there were over 10.9 million job vacancies nationwide. The lack of these vacancies in the cannabis industry proves that employers in the legal market offer more social packages, flexibility and an overall better working environment for workers of all races, genders and ages. Employers in the other industry can learn from cannabis industry strategies. In this way, they can stop the mass exodus that has rocked employers and still leaves them behind.
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