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How 401(k) Plans Can Boost Employee Retention in the Cannabis Industry

Summary by Mg Magazine – Cannabis News & Information

Despite an increase in market growth, the cannabis industry continues to grapple with a stagnant job market. Over the past three years, according to Green Leaf Business Solutions’ 2024 Cannabis Compensation Survey Summary Report, base pay rates have fallen short of traditional industries’ typical annual increases of 3–8 percent. That may be one reason the industry suffers from a high turnover rate. Staffing firm Vangst found a staggering 55-perc…

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mg Magazine – Cannabis News & Information

How 401(k) Plans Can Boost Employee Retention in the Cannabis Industry

Despite an increase in market growth, the cannabis industry continues to grapple with a stagnant job market. Over the past three years, according to Green Leaf Business Solutions’ 2024 Cannabis Compensation Survey Summary Report, base pay rates have fallen short of traditional industries’ typical annual increases of 3–8 percent. That may be one reason the industry suffers from a high turnover rate. Staffing firm Vangst found a staggering 55-perc…

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mg Magazine – Cannabis News & Information broke the news in 6 days ago on Monday, February 17, 2025.

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