The Impact of COVID-19 Pandemic in the Cannabis Industry Job Market | Gigs420

5/22/2020
Olusegun Akinfenwa
The Impact of COVID-19 Pandemic in the Cannabis Industry Job Market | Gigs420

 

The COVID-19 pandemic is taking its toll on the global economy, affecting virtually every industry in the United States and the world over. The lockdown and isolation measure has affected most companies. Almost all sectors are struggling to survive the devastating impact of the pandemic. But the case seems to be different with the marijuana industry. With self-isolation and social distancing widely recognized as the best way to combat the spread of COVID-19, the demand for cannabis, alcohol, and other recreational products are not having it as bad as most other commodities.

Marijuana Demand at an All-Time High Demand Amidst COVID-19 Lockdown

Several states in the United States and Canadian provinces have taken steps to contain the rapid spread of the coronavirus, directing people to stay at home. This has significantly limited business operations in many companies. But as a recession-resistant industry, the cannabis market seems to be having its all-time boom in sales.

Cannabis Products are essential Commodities

Cannabis is exceptionally resistant to recession due to the inelastic demand for marijuana products, which have even gained essential status. It is believed that many people need it as part of their medicinal and recreational needs. Because of this, many of its consumers loaded up on Cannabis, presumably due to the extended stay at home.

One reason why marijuana dispensary sales are still increasing during this pandemic is that the sector has managed to adapt quickly to life amid COVID-19, doubling the strategies created on the black market based on speed, convenience, and discretion. Amidst the COVID-19 pandemic and lockdown, delivery companies are working hard this period, bringing marijuana orders to their customers’ doorstep in real-time. Marijuana dispensaries have experienced the most impressive growth in the industry.

Job Losses in the Cannabis Industry

Though sales are rising in the marijuana industry, that does not completely exempt the sector from the COVID-19 economic impact. The cannabis market has also had its own “unfair share” of the downturn. 2020 could be a year with a high number of job losses. The cannabis industry has suffered more than 2,000 layoffs in the past six months. COVID-19 has led to additional layoffs and the closure of some marijuana retailers.

So, What Does the Future Look Like for the Cannabis Job Market?

With the current situation, it is not out of place to wonder what the future looks like for the industry that has been tipped to be one of the leading employers of labor in the U.S. The loss of jobs in the sector does not seem to have any effect on the leaders of the company and their long-term thinking. With the status of the industry during the pandemic, experts are very positive that the billion-dollar cannabis market can survive the pandemic and bounce back earlier than most industries. Over time, many cannabis high paying jobs and business prospects will increase again. With the market still active and booming, the cannabis industry looks very promising for jobseekers and other interested stakeholders.

How Gigs 420 Can Help You Get Medical Cannabis Jobs

The marijuana industry is fast becoming competitive due to the growing number of job seekers seeking opportunities in the field. Beyond having the skillsets for your dream job, you should also be in the know about the happenings in the industry, especially in terms of cannabis job opportunities. And this is where Gigs420.com can help.

Here at Gigs420.com, we are dedicated to providing a streamlined environment for job seekers and employers to quickly find and post jobs in the marijuana industry. By using our platform, landing your dream job in the cannabis field becomes easier. We also provide an update on the developments within the industry across the United States. For recent job offers check out click here.