Karson Humiston, founder and CEO of the largest staffing and recruiting agency in the cannabis industry, made it on Benzinga’s list of 20 women set to dominate the space in 2019. After all, her company Vangst has helped thousands find jobs in the nascent legal marijuana industry.
“As a relatively new industry, cannabis offers so much opportunity for women to come in and make their own way — creating businesses, products and focusing on issues or causes they are passionate about,” Humitson told Benzinga at the time.
On Friday, Vangst announced it closed an over-subscribed $10 million Series A financing round, taking the total amount of dollars raised by the company to date to $12.5 million. The round was led by Snoop Dogg’s cannabis-focused VC fund Casa Verde Capital, and included Lerer Hippeau and other big investors.
First-Mover Advantage
“What began as an observation and an idea three years ago, combined with a lot of hard work, has resulted in Vangst becoming the go-to provider of human capital to the cannabis industry,” Humiston told Benzinga. “From growers to vertically-integrated multi-state operators, Vangst actively serves a network of more than 600 companies across the entire cannabis ecosystem.
Vangst is well-positioned to further capitalize on its first-mover advantage. Humitson said she's especially encouraged by the early acceptance of Vangst GIGS, which has set the stage to dramatically expand on-demand employee platform across North America.
“Vangst has proven itself in both its vision and ability to execute – and in short order has become the unquestionable leader in providing human capital services to the cannabis industry. In lockstep with the overall industry, Vangst has experienced incredible growth,” said Karan Wadhera, Managing Partner at Casa Verde Capital, in a press release.
Related Links:
4 Cannabis Investors Share Their Predictions For Industry's Future
Watch The Rejected Medical Marijuana Super Bowl Commercial: 'Cannabis Has Given Me My Life Back'
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
The Benzinga Cannabis Capital Conference is coming to Florida
The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.
Get your tickets now on bzcannabis.com – Prices will increase very soon!