Recently, cannabis workforce management company Wurk, announced a successful funding round of $3.2 million dollars. Poseidon Asset Management led the round, which consisted of both returning and new investors like Phyto Partners, Altitude Investment Partners, Arcview Investor Network and Arcadian Fund. The company plans to utilize its funding to make key strategic hires and further build-out its cannabis labor management technology. The platform is designed to scale nationally with the growth of the cannabis industry, while incorporating the local laws and regulations unique to each individual state. "The cannabis industry has made huge strides since Wurk was founded in 2015,
The leading employment resource in the cannabis industry, Vangst, has recently announced $2.5 million in funding to continue supporting its rampant growth and expansion into newly legalized markets. The most recent funding round was headed by New York-based venture capital firm Lerer Hippeau alongside Casa Verde Capital, a venture capital firm focusing on the secondary cannabis industry. Vangst will use the funding to continue growing their jobs marketplace in addition to improving their already state-of-the-art recruiting technology. The funds will also be used to improve Vangst's own internal infrastructure and future hiring missions. "The cannabis industry lacks the tools and infrastructure that
ChronicJobs.com has made cannabis careers mainstream, by taking the lead in providing job applicants with one source for employment opportunities in the Marijuana Industry. Cannabis is a growing industry even if the US Federal Government has not fully caught up yet. Within three years more than a quarter million - legal - jobs are estimated to be created by this industry. The numbers beat government positions, manufacturing, and utilities. Currently, this market is estimated at $7 billion dollars a year and is on track to grow 50% by the year 2020. The encouraging numbers are what drove entrepreneur and business consultant Steve Monas to create ChronicJobs.