As Cannabis Goes High End, It Needs the Best Executive Talent
It’s high times for high end weed: Find out why the industry needs to be looking out for the next generation of executive talent. In
May 24, 2019
Executive Search & Recruitment Services
As the United States seems to be headed toward marijuana legalization in more and more states, entrepreneurial executives in industries like tobacco, beverage, pharma and even luxury retail are eyeing a new industry selling legal cannabis, along with affiliated CBD and hemp products, with billions of dollars of potential upside.
Companies like British American Tobacco, Philip Morris, Coca-Cola and Anheuser Busch are actively exploring technology and business investments in legal cannabis markets around the world. Our recruiting specialists find that these fledgling companies and operations need executives that have highly transferable skills and can learn and evolve in this highly transformative market. And while our network is rich with talented and versatile executives from the tobacco industry, we expect the legal cannabis market to require talented marketing, sales, operatives executives from a number of complementary industries.
The legal cannabis industry is experiencing tremendous growth. According to Arcview Market Research and its research partner BDS Analytics, spending on legal cannabis worldwide is expected to hit $57 billion by 2027, with North America, where the industry is exploding due legal changes, set to skyrocket from $9.2 billion in 2017 to $47.3 billion in 2027.
