Vangst Archives - Green Market Report

Debra BorchardtDebra BorchardtApril 21, 2020
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4min5440

What if there were a Bumble for job hunting? A matching service to bring together the job seekers with the job fillers. That’s what the cannabis employment website Vangst has created. The company launched a new talent matching feature that puts the “first move” in the hands of the cannabis job seeker. Vangst timed it with the 420 celebrations and at a time of many cannabis company layoffs.

“The revamped Vangst website reflects our dedication to building community, advancing cannabis careers and companies and being the preeminent resource for talent matching in a time when it is needed more than ever,” says Vangst CEO Karson Humiston. “Our rapid and thoughtful response to the industry’s demands personifies Vangst’s core ethos of ‘let’s get cannabis to work.’”

The new feature on the redesigned company website will let cannabis companies upload temporary and permanent jobs, review applications and autonomously match with ideal candidates from one unified dashboard. If you’ve ever tried to fill a job on a website, you learn that one of the biggest problems is that people apply that aren’t suited at all for the job. Reviewing dozens of resumes is time-consuming and may result in overlooking a great candidate because the employer is drowning in a stack of wrong resumes. 

Employers will experience more successful matches through Vangst-Verified, a unique screening process that ensures each candidate is personally endorsed by a Vangst team member for quality and commitment. 

“We allow verified candidates to search for and apply directly for the jobs that best match their career aspirations, while on the client dashboard side of the equation, companies posting jobs can review applicant summaries and choose the talent that best matches their hiring needs based on skillset and experience. After matching, all of the mechanics of interviewing, job offers, and HR and regulatory compliance are handled by the company who is posting the job and not Vangst.”

Vangst said its premium GIGS and Direct Hire services are still available. “With our GIGS and Direct Hire services, clients are investing in a team of highly experienced cannabis industry recruiters who will handle their recruiting needs from start to finish and who go beyond Vangst-Verification to ensure that each candidate we recommend is fully vetted to meet a client’s exact hiring needs.” Vangst-Verified is what the company calls its unique screening process that ensures each eligible candidate in the network is personally verified by Vangst for quality and commitment. The company said that before a candidate’s application can be accepted, he or she must engage with our Talent Success team who will verify the candidate’s personal and professional background.

Vangst will still offer its white-glove recruiting services for clients who want an even higher level of support. Additional product and service offerings in line with its focus on connection, community and industry insight are planned to roll out later this year. 


StaffStaffDecember 11, 2019
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6min13850

Considering the fact that the cannabis industry is still in its infancy on the grand scale, it comes as no surprise that this industry is still facing a variety of challenges and setbacks.

One of the many challenges that the cannabis industry is currently facing is appropriate levels of workforce and dealing with potential layoffs.

Let’s take a look at California as an example. California has over 7,000 licensed cannabis businesses. At the beginning of the so-called green rush we saw many businesses spring up and quickly hire as many people were trying to get involved in the industry as quickly as possible. Now you have many businesses that are laying off workers due to a combination of the intense regulations, competing with the low prices of the black market, and high taxes applied to Cannabis transactions.

A handful of well-known and respected companies in the cannabis industry were not immune to the challenges everyone in this business is facing and have also had to face layoffs of their own as well. This past October, Pax labs laid off 65 people. Pax Labs is known for manufacturing quality vaporizer pens for cannabis consumption. In that exact same month, Eaze reduced its workforce by one-fifth, which was approximately 36 employees. Eaze is a delivery platform based in the San Francisco area.
The very next month even more prominent names in the cannabis industry suffered some setbacks. Both Flow Kana and CannaCraft let go of nearly %20 of their own workforce. MedMen lost 190 employees that same November or 20% of its workforce.

Karson Humiston Founder & CEO of cannabis employment firm Vangst said, “This year, the industry’s faced a few hurdles with the vape crisis, falling stocks, and layoffs. Although there’s been a lot of noise about these obstacles, the industry is undoubtedly growing. Possibilities for job seekers are still increasing in every vertical and ancillary facet of the industry. Through the internal data collected for our 2019 salary guide, we recorded a 79% increase in total available job opportunities from 2018 to 2019. Businesses are continuing to hire not only for staple positions like budtenders, cultivators, extraction managers, and other plant-touching roles but are also hiring for ancillary roles like sales, marketing, and tech positions. Whether you’re looking to join the industry or already have cannabis experience, companies are hiring for a wide variety of skill sets. As more states continue to legalize, these opportunities will continue to grow exponentially.”

Now let’s not forget that we are still in the early stages of this industry and that we should anticipate challenges as it grows.

Consider this following data from Vangst. Vangst is known to be one of the top recruiting platforms in the cannabis industry.

– The cannabis industry is projected to create up to 414,000 jobs in the United States by 2021
– Between the years 2018 and 2019 there was a 79% increase in the total amount of available job opportunities in the cannabis industry and here in the United States.
– Projections show the potential for approximately 40% of the average company’s workforce to consist of seasonal employees and freelancers by the year 2020.

These are just a handful of examples that are backed by data that indicate the expected growth of the cannabis industry.

Here are some interesting bits of information when it comes to those applying for jobs in the cannabis industry and those looking to hire. This data is also from Vangst:

– Outside sales positions were the most applied for positions in the California cannabis industry. The most popular were the sales account manager positions.
– Sales, administrative, cultivation, and marketing are the top five most desirable positions in the cannabis industry that the majority of applicants desired in 2019.
– Marketing director and creative type positions in the cannabis industry where the most applied to positions in the state of Massachusetts the route 2019.
– The most sought-after cannabis industry jobs in the state of Nevada where those that were office administrative type positions in the year 2019.
– Packager positions are the most popular positions in the Cannabis industry in the state of Colorado. Jobs focusing around post-harvest duties received the most applications in the state of Colorado.

In summary, it is no surprise to see a degree of discomfort or growing pains as the cannabis industry begins to further proliferate. It is important to acknowledge and face these challenges while also looking toward the future with excitement as the data proves that there is still plenty of room for growth, profit, and the opportunity to help others in the cannabis industry.

 

This was a guest post by Noemi Gonzales.


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7min16940

The cannabis space is full of opportunities for bright young minds to bring innovation and a new way of thinking to an industry that is rather new and open to different perspectives. As such, Millennials have begun to make their mark within the cannabis industry, and their efforts are being recognized.

Here are three emerging and successful entrepreneurs who are making waves in the cannabis industry and modeling the way for both their successors and predecessors on how to make a serious impact in an emerging industry:

Karson Humiston, Founder & CEO, Vangst

Recruitment has become front and center with numerous platforms that aim to connect eager applicants with vacant opportunities within a growing and established companies. 

Karson Humiston, with a background in student travel after founding On Track Adventures, Karson has gone on to become the Founder & CEO of Vangst, the cannabis industry’s leading recruitment and hiring platform.

Since launching in 2016, through Direct Hire & Vangst GIGS, Vangst has connected more than 10,000 people with jobs at over 650 leading cannabis businesses around the US and Canada. 

Her accomplishments include raising $12.5M from leading tech and cannabis investors, including Lerer Hippeau and Casa Verde Capital. She was featured on the 2018 Forbes 30 under 30 lists.

Ryan Smith, Co-Founder & CEO, LeafLink

Companies that have aimed to streamline communications and operations processes within the cannabis industry have found great success. POS systems, inventory management systems, and internal/external communication systems are helping cannabis companies find efficiencies that in turn increase profit.

Ryan Smith is the co-founder & CEO of LeafLink, the cannabis industry’s wholesale marketplace. LeafLink connects thousands of cannabis brands and retailers and empowers them to streamline the ordering process, simplify communication, and spend less time on administrative work, so they can focus on growing their businesses.

Launched in Colorado in March 2016, LeafLink is now live in 20 territories across the United States and Canada. Under Smith’s leadership, LeafLink has raised $14 million in investor capital with the software helping cannabis retailers and brands to manage over $1B+ per year in orders.

Smith specializes in managing B2B firms and online marketplaces, successfully founding and exiting two companies, one of which he sold to an NYSE public firm. In 2016, he was the first CEO of a cannabis-facing company to be listed on Forbes’ 30 Under 30 list. In February 2018, LeafLink was the first company in the cannabis space to make Fast Company’s 2018 list of Top 10 Most Innovative Companies in Enterprise.

Aaron Riley, President & CEO @ CannaSafe

An important component of cannabis legalization has been product testing to ensure all that is sold to consumers are free of contaminants and pesticides while providing information on cannabinoid content for consumers.

With experience in the luxury car industry, Aaron Riley brings his business acumen to the cannabis industry in his role as President of CannaSafe, the first ISO accredited cannabis lab in the world. CannaSafe is a full-service testing lab offering a one-stop solution where cannabis cultivators and distributors can ensure they are in full compliance with all regulatory requirements and that their products are safe and effective for use.

Their 12,500 square foot lab facility, based in Los Angeles, CA, currently tests approx. 25% of all compliant batches in the state. The company has a second facility opening later this year. Riley obtained a Bachelor &  M.B.A. from Jacksonville University, earning his way through college on a football scholarship. Under Aaron’s leadership, CannaSafe recently won Testing Facility of the year award for California by Dope magazine.

Follow in their Footsteps

Opportunities abound for emerging professionals within the cannabis industry. Green Market Report featured cannabis companies that are accepting summer internships for young professionals to get their foot in the door and follow in the footsteps of these three professionals under 3 who are getting noticed within cannabis.

 


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7min38920

An increasing number of North American cannabis companies are reaching out to college students, offering summer internships as an opportunity to get their foot in the door in the growing industry.

Students now are being given opportunities that students only 5 years ago could have only dreamed of!

A Full Resume Required

Upon graduating from college, students can no longer rely on their college credentials to land a job; experience and evidence of engagement are becoming increasingly important for recruiters as they seek to fill entry- and mid-level spots in their growing companies.

Internships within the cannabis industry provide new graduates a professional advantage because they have received a baseline of business acumen, have learned how to engage in professional environments, and have been able to focus their studies to meet their desired career path.

Students who have engaged in an internship, a form of experiential learning, enter industry job ready, resulting in a new crop of graduate ready to take to the cannabis industry.

An Industry Growing at Exponential Speeds

According to Vangst, the industry’s top recruiting platform, the cannabis industry showed a 690% growth in job listings from 2017 to 2018, forecasting an additional 220% growth this year.

Average salaries in the cannabis industry also increased over 16% from 2017 to 2018, and aren’t showing any signs of slowing down.  To anyone about to enter the professional job market, these statistics look promising.

Cannabis internships are going to be the new norm across college campuses as more states and countries legalize cannabis, and more educational institutions recognize and embrace the wealth of opportunity available to their students within the cannabis industry.

Summer Internships Offered in 2019

The following North American cannabis companies are offering summer internships to college students in 2019:

U.S. Opportunities

  • Springbig is located in Boca Raton, FL, and is a cannabis dispensary CRM and loyalty rewards software company. Growing like wildfire, Springbig is looking to hire interns in the following departments: marketing, client services, development, and sales.
  • CannaSafe is California’s #1 accredited cannabis testing laboratory. Located in Los Angeles, CannaSafe is looking to hire lab technicians and assistants for the summer. As an added enticement to future recruits, a few of their interns from last summer are returning this year with full-time positions!
  • LeafLink is the cannabis industry’s #1 wholesale e-commerce platform and is looking to hire both a Graphic Design intern and a Sales & Development intern for their New York, NY office.
  • Green Thumb Industries (CSE: GTII) is a national cannabis consumer packaged goods company and retailer located in Chicago. They are looking to hire a full-time Corporate Sales intern for what they call a “cannabis career immersion” experience, offering an in-depth look into the inner-workings of one of the largest multi-state cannabis companies in the world.
  • High There! is cannabis social network, directory, and community, that just relaunched their app in April. They are looking for undergraduate students that are eager to learn about marketing in the cannabis industry to join their Venice, CA team.

Canadian Opportunities

  • Canadian Cannabis Chamber, which is focused on promoting cannabis businesses and enabling policies, is hiring a summer student to act as a Marketing Analyst at their Calgary, Alberta office
  • Cronos Group, which sells cannabis at the federal level in Canada, is hiring an HR Intern to work within their Human Resources Offices in Toronto.
  • Tilray, a cannabis licensed producer located in Nanaimo, British Columbia, is offering a Health, Safety and Environment Assistant summer internship

Students who complete internships demonstrate a record of employability in their chosen field, planning and purpose for their chosen career field or industry, and oftentimes find themselves in full-time positions with the companies for which they interned.

Brush up your resume, students, and take advantage of these incredible opportunities to ensure you’re job-ready within the growing cannabis industry.

 


StaffStaffJanuary 24, 2019
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5min5020

Growth Capital to Fund Expansion of Vangst GIGS, On-Demand Employment Platform

Raise Lead by Casa Verde Capital

DENVER, Co. – January 24, 2019 /AxisWire/ Vangst (the Company), the leading human capital resource platform to the legal cannabis industry, announced today the closing of an over-subscribed $10 million Series A financing round.  This round increases the total capital raised to date by the Company to $12.5 million. The financing was led by Casa Verde Capital and included Lerer Hippeau, among others.

“This has been a tremendous journey and we couldn’t be more excited to continue down this path with the support of our clients and investors. From permanent placements to on-demand, gig employees, Vangst makes the process of connecting cannabis companies with high quality employees seamless, efficient and cost-effective,” noted Karson Humiston, Founder and CEO of Vangst. “With new growth capital in hand, we plan to capitalize on the strong acceptance in Colorado and California of our on-demand platform, Vangst GIGS, and accelerate its rollout to 10 more markets in the United States and Canada over the next two years. In addition, we will continue to strengthen our leadership team and technology platform to help drive our ambitious growth plans.”

Launched in the summer of 2018, Vangst GIGS is a proprietary, bi-directional technology platform that matches employers looking to fill temporary positions with job seekers looking for temporary employment. Connecting companies directly with licensed employees, or Vangsters, Vangst GIGS is comprised of two seperate portals – one for employers and another for on-demand, temporary employees. The employer portal empowers clients to quickly and easily post temporary job openings; the employee portal allows job candidates to quickly and easily search, apply and accept temporary job openings. As the first and only fully compliant and insured on-demand employment service in the cannabis space, Vangst is responsible for qualifying both employers and employees, as well as facilitating the exchange of payment between the parties.

Vangst GIGS is currently available in Colorado and California. The Company plans to expand the platform to 10 additional states, and Canada, by the end of 2020.  Vangst GIGS and is the only approved temporary cannabis employment provider in California and to date has placed hundreds of temporary employees responsible for providing 120,000 total hours of service to the cannabis industry.

According to Vangst, nearly 35% of all cannabis jobs are part-time, resulting in costly job searching challenges for employers. Vangst GIGS will ultimately allow companies to hire faster, and for temporary workers, to both control their own work schedules and receive compensation quickly.

“Vangst has proven itself in both its vision and ability to execute – and in short order has become the unquestionable leader in providing human capital services to the cannabis industry. In lockstep with the overall industry, Vangst has experienced incredible growth,” said Karan Wadhera, Managing Partner at Casa Verde Capital. “We are thrilled to continue investing behind a dynamic leader like Karson Humiston and her incredible staff. We believe Vangst has a lot of runway ahead of it and we look forward to our continued relationship with the team.”

About Vangst

With offices in Denver, Colorado and Santa Monica, California, Vangst is the world’s largest recruiting platform focused specifically on the booming cannabis industry. Launched by Karson Humiston in 2016, Vangst connects all manner of cannabis and ancillary businesses across the legal cannabis market with the skilled talent they need. From full-time entry level and executive positions, to temporary (gig economy) placements, Vangst has harnessed the power of its industry knowledge and technology platform, to become the human capital resource provider of choice to its vast network of more than 600 leading cannabis companies. Vangst is on a mission to double the amount of employees in the cannabis sector between now and 2022. For more information, please visit: https://www.vangst.com/


Anne-Marie FischerAnne-Marie FischerSeptember 7, 2018
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3min44260

This week, the first ever salary and jobs guide for the cannabis industry was released by Vangst. The platform, that considers itself “the Monster.com for weed jobs” used data from over 1200 cannabis companies (of which 70% offered medical cannabis programs) to create the snapshot of the state of jobs and salaries in the U.S. cannabis market.

Overall, the report shows that while U.S. job growth is fairly stagnant, jobs are booming within the cannabis industry, with a 690% growth in job listings between January 1, 2017, and August 1, 2018. Vangst forecasts the growth of cannabis jobs by and an additional 220% by 2019. Average salary increased 16.1% across the board between 2017 and 2018.

With this growth in jobs comes the opportunity for a more inclusive and diverse workforce.  “Given the industry is so young, current businesses and influencers in the space have the opportunity to build the cannabis industry into the most inclusive industry in the world,” says Vangst CEO Karson Humiston, “Cannabis businesses need to build diversity recruiting programs and prioritize building highly diverse companies from the start. While we are seeing many companies do this well, there is room for improvement.”

The salary section highlights common positions within the industry, positing salaries from the top, high, average, and low end. The positions that were analysed include Director of Extraction (low end salary $47,000, top salary $191,000), Director of Cultivation (low end salary $47,000, top salary $250,500), Compliance Manager (low end salary $45,000, top salary $149,000), Dispensary Store Manager (low end salary $41,500, top salary $98,000), Outside Sales Representative (low end salary $28,000, top salary $150,000), Budtender (low end $12/hr, top wage $16/hr), and Timmer (low end $11.50/hr, top wage $14.50/hr).

“We were surprised to see the drastic difference between low salaries and top salaries,” says Humiston, “It’s very clear the companies that are scaling the fastest are those which are paying on the high end and prioritizing recruiting top talent from other industries.”

In what areas can we expect to see the most growth? According to Humiston, “Cannabis technology companies are growing extremely quickly. The demand for CTOs, front and back-end engineers, product managers, business intelligence managers, and designers is rapidly increasing.”

The Jobs and Salary Guide can be found at https://vangst.com/.


Debra BorchardtDebra BorchardtDecember 7, 2017
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9min31980

It seems everyone wants to work in the cannabis industry. Indeed.com found that in 2017, the interest in searching for cannabis jobs grew by 401% in the United States. In Canada, marijuana job searches grew by 320%, outpacing tech inquiries which only grew by 90%.

Chart provided by Indeed.com.

It isn’t only job seekers flocking to Indeed, cannabis employers have increased job postings by 251% since November 2015. No surprise, California is leading the pack with 33% of the cannabis job postings as the state ramps up for full legalization in January. Colorado is in second place with 15% of the job offerings, but 19% of the job seekers want those gigs causing a talent mismatch. In other words, demand is higher than supply.

Chart provided by Indeed.com.
Cannabis Jobs Are Growing

Karson Humiston, Founder of cannabis job recruiting firm Vangst Talent and the job board Vangsters said that at the beginning of the year there were 121,000 full-time employees in the cannabis industry and that number has now grown to 149,308. In 2016, she said the average salary was $47,620 and that has now jumped to $53,212.

“The highest paid positions we’re seeing right now are on the cultivation side,” said Humiston. ”A head grower can make $102,000 a year, plus a production-based bonus. If production goals are met, the employee can often get a 30% bonus.” She also noted that a new trend is that employers are willing to pay to relocate an employee to a newly legalized state. “Some cultivation employees feel that states like Colorado have a saturated job market and they prefer a new state where there are fewer people with such skills,” Humiston added. It’s more promising for one’s career to be the big fish in a little pond.

Another area that is in strong demand for cannabis companies is on the technology side. She noted that many people from Silicon Valley are shifting over to cannabis where the pay is becoming more in line with traditional tech companies. “We have 15 jobs to fill for Baker and 10 of them are tech jobs,” said Humiston. “We’re pulling from some well-known tech companies.”

Cannabis Jobs Pay Better

Cannabis tech company Duber Partners found that for each employee in the cannabis industry there are 275 cannabis consumers. The jobs in the cannabis industry are also looking more lucrative than traditional jobs. For example, Duber found that dispensary budtenders (employees that assist shoppers in making purchasing decisions) make $7,000 more than bartenders. Cannabis grow masters earn twice as much as traditional farmers earn and concentrate extraction tech workers make twice as much as chemistry teachers. Breaking Bad’s Walter White chose the wrong product.

If you don’t live in a legalized state, you probably have no idea what these jobs pay. PayScale reviewed cannabis industry data and determined a median income snapshot for emerging jobs in the industry.

Job Title Median Pay Median Weekly Tips
Medical Marijuana Grower $38,000 $0
Retail Store Manager (Cannabis) $44,000 $0
Budtender $28,300 $98
Operations Manager (Cannabis) $43,500 $0

Marcie Robins, the founder of Kushie Jobs noted that many companies in California are waiting for the rules and regulations to be made official before committing to new employees. “Job seekers are really excited to get going,” she said. Another area that is growing in demand is culinary cannabis arts. “One of our job seeker’s is actually a classically trained Chef out of the cordon blue in Florence Italy,” said Robins.

The Intersection Of Cannabis And Traditional Jobs

Neither Robins or Humiston had any concerns about competition from Indeed. Both said they use the service and feel it just gives more credibility to the industry.

The Bureau of Labor Statistics currently has no coding in place to track cannabis industry jobs, but a spokesman for the BLS said there is still a plan to do so. It was originally expected to be rolled out by the end of 2017, but that hasn’t happened yet as the department awaits approvals for the new jobs coding.

While many legalized states have focused on the tax revenues that marijuana brings, new jobs could be the bigger bonus. The new jobs cause a ripple effect, where the employees begin spending their new income and the local economy improves as a result. The industry is also drawing workers that are ready to leave the traditional workforce for something new and exciting.



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The Green Market Report focuses on the financial news of the rapidly growing cannabis industry. Our target approach filters out the daily noise and does a deep dive into the financial, business and economic side of the cannabis industry. Our team is cultivating the industry’s critical news into one source and providing open source insights and data analysis


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