One of the unique things about the Cannabis Industry is the clear sailing many companies have found when it comes to starting ancillary product and service offerings to serve the expanding base of licensed Producers, Processors and Retailers serving both the medical and adult use marijuana markets.
As the fastest growing industry in America, according to the 2015 ArcView Research report The State of Legal Marijuana Markets, labor demands are driving revenues in one ancillary segment in particular: The staffing and temporary service industry.
This industry niche supplies skilled technical and non-technical labor and offers companies the flexibility of outsourcing their recruiting, staffing and talent management needs, or to scale their talent pool, during peak times of production or sales.
Colorado-based Ms. Mary Staffing is one such group that has found fertile ground supplying a full range of qualified candidates exclusively to Cannabis Industry employers. They place candidates with traditional skill sets like:
- Lab & Life Sciences;
- Sales & Marketing;
- Security; and,
- Training & Education.
In addition, they also place people into new cannabis specific jobs like budtenders, extraction technicians, growers, and trimmers/harvesters. In August, Ms. Mary officially launched a much-needed payroll solution using what’s commonly referred to as a PEO (Professional Employer Organization) co-employment model. All HR responsibilities are outsourced to the PEO company, Ms. Mary Staffing, while the client company continues to direct the day-to-day operations of the business.
This allows business owners to focus on the growth and operations of their business while Ms. Mary assumes responsibilities for administrative tasks such as payroll and payroll tax management, workers compensation, unemployment insurance, employee benefits, and recruiting and hiring.
And, there is big money in them there hills. Ms. Mary reportedly generated over $15 million in revenue last year according to one of the company’s partners that I met last weekend at a Washington, D.C. event. They are serving the Alaska, Colorado, Oregon, Washington markets and ready to expand in developing markets like Nevada and New York as well.
Others trying to capitalize on the hiring needs of cannabis businesses in Colorado include Hemp Temps and GrassHopper Staffing Inc., and in Washington, Viridian Staffing was launched in 2013 to fill what they saw as a void in the marketplace, providing professional recruitment activities and HR competencies to the rapidly expanding market that was gearing up to serve I-502.
So if you are looking for the best human capital to invest in your Cannabusiness, there is plenty of help out there — and surely many more solution providers on the way.