Cannabis Legalization’s Impact on Job Creation and Growth

July 12th, 2018

By Randy Quarin, Co-Founder & Cannabis Recruiter 

The cannabis industry is growing by leaps and bounds. As organizations within this new and evolving industry get their companies in order in advance of the October 17th, 2018 legalization date, they are hiring frantically to ensure they will be able to meet demand when cannabis hits the legal market.

Cannabis Companies Have Jobs to Fill

cannabis

Business Vancouver provides a good overview of what cannabis companies are facing:

“Cannabis companies will need to have secure supply chains to protect the quality and integrity of their products, and retailers will need to meet consumer expectations, including providing a positive, engaging retailing experience and protecting the privacy of their customers, especially online.”

Talent Is Migrating to the Cannabis Industry

Finding the best talent to support these functions has caused cannabis companies to look to other industries for talent. This has resulted in not only the creation of new jobs, it provides candidates with new career paths to consider.

With an industry valued at $23 billion by Deloitte and a sharp growth trajectory, companies in related industries, if not already, can expect to see some of their talent being poached and migrating to the cannabis industry.

Post-Secondary Industries Getting Onboard Too

Even colleges and universities are preparing for the new weed industry. Many have started to offer courses.  Durham College currently offers a weekend course called Medical Cannabis Fundamentals for Business Professionals.

“It gives them a background in the cannabis industry,” said Debbie Johnston, dean of the school of continuing education at Durham College in Oshawa to the Toronto Sun.

“We had an unbelievable range of people take the course. Everything from business people, investors, lots of health-care providers, holistic practitioners. We had a pharmacist from the U.S. We got a farmer. We got a chef. Every course has been totally booked. And we anticipate that’s going to continue because there’s a huge interest and there’s lots of job opportunities out there.”

Other similar and more expansive courses are being planned by other schools, as well.

With a new industry to consider, companies need to review and focus on engagement and retention strategies to keep their top talent in house.

Read More About Employment and Recruiting in the Cannabis Industry

Learn more about developments in the cannabis industry by reading these blog posts:

Cannabis Companies Are Hiring at Blazing Speed – Are They Getting It Right?

High Times Ahead – What You Need to Know About Hiring in the Canadian Cannabis Industry

Things to Look for When Hiring for Your Cannabis Business

 

IQ PARTNERS is an Executive Search & Recruitment firm supporting clients across the country. We help companies hire better, hire less & retain more. We have specialist teams of recruiters in Technology (IT), Accounting and Finance, Consumer Goods, eCommerce and Retail, Financial Services and Insurance, Startup, B2B and Industrial, Operations and HR, Professional Services and Legal, Media, Digital and Marketing, Pharmaceutical and Life Sciences, Emerging Technology and Telecom, and  Sales. IQ PARTNERS has its head office in Toronto and operates internationally via Aravati Global Search Network. Click here to view current job openings and to register with us.

Randy Quarin

Randy co-founded IQ PARTNERS in 2001 and currently operates as a Senior Partner, focusing on business development within executive search, media, and sales recruitment. His accomplishments include building over a dozen digital media sales teams for digital start-ups, publishers, and mobile app developers. He has also helped launch an international smartphone manufacturer from the ground up, building its entire hardware, software, and sales teams.