(This story is part of the cover package in the September issue of MJBizMagazine.)
For evidence of headwinds facing the regulated marijuana industry, look no further than the cannabis labor market.
As headlines from the past several months attest, employers ranging from multistate operators to small cannabis businesses to ancillary companies have laid off employees.
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And for the first time since regulated marijuana markets opened in the United States, the number of cannabis jobs in the country contracted during the past year, according to a report released in February 2023 by Denver-based marijuana industry recruiting firm Vangst.
A national decline in cannabis industry jobs was unfathomable a year ago, given the many new markets and those getting ready to launch.
But global inflation, depressed cannabis prices, a dearth of investment dollars as well as oversaturation in mature markets have compelled many marijuana companies to lay off
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