Employee numbers up at some cannabis MSOs despite challenging conditions

News of widespread layoffs at cannabis companies across the United States has dominated headlines, but an analysis of employee counts at America’s largest multistate operators shows several actually grew their payrolls last year.

The fact that employee payrolls were up for some marijuana MSOs at the end of 2022 but down for others underscores how several factors can play a role in determining a company’s health.

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Those factors include geographic footprint, taxes, operating costs and capital availability, experts said.

“The present moment is the Great Rationalization for the industry,” Paul Josephson, a New Jersey-based partner and leader of the cannabis industry group at the Duane Morris law firm, told MJBizDaily via email.

“Price compression and profitability varies tremendously by state and even within a state. So smart operators are taking a hard look at where they are investing their human capital.”

That means winding down operations

The post Employee numbers up at some cannabis MSOs despite challenging conditions appeared first on GrowCola.com.

News of widespread layoffs at cannabis companies across the United States has dominated headlines, but an analysis of employee counts… Continue reading
The post Employee numbers up at some cannabis MSOs despite challenging conditions appeared first on GrowCola.com. 

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