Source: Yahoo!
With layoffs affecting the national workforce, cannabis staffing leaders forecast that more dismissals are expected in the sector over the next few months.
Layoffs in recent months have included the likes of Aurora Cannabis Inc (NASDAQ: ACB) and Dutchie, among numerous others.
Karson Humiston, founder and CEO of industry staffing firm Vangst, predicts layoffs will trend upward over the next year. With numerous companies operating with less than a year’s cash on hand, she said roles can become redundant.
“Many companies will continue to work to extend the little runway they have left, and a way they will do this is by reducing headcount,” Humiston said.
Kara Bradford, CEO of Viridian Staffing, expects layoffs for at least a few more months. She noted that critical factors should determine how layoffs affect different state markets, “Including how new or mature they are and how liberal or restrictive a state was in awarding licenses.”