Marijuana Industry Layoffs and Cost-Cutting Likely to Continue in 2023

Marijuana Industry Layoffs and Cost-Cutting Likely to Continue in 2023

Shelby Knight
JANUARY 17TH, 2023

MJBizdaily posted an article on Marijuana industry layoffs, featuring our CEO, Sara Gullickson.

“I don’t think marijuana industry layoffs have peaked. I think this will continue into 2024 for sure,” Sara Gullickson, CEO and founder at The Cannabis Business Advisors, told MJBizDaily via email.

“Capital has gone by the wayside and businesses are having to course-correct,” Gullickson added.

According to Gullickson, even though their services are specialized and needed by the broader cannabis industry, the problems facing cultivators and retailers are trickling down to non-plant-touching ancillary companies.

“We’re seeing a trickle-down effect,” she wrote.

“As capital and revenue declines on the plant-touching side, it strangles many of the ancillary businesses that rely on those operators for their customer base.”

 

Read the Full Article Here!

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