Vangst Secures Government Contract To Empower Cannabis Entrepreneurs

Cannabis industry jobs platform Vangst announced on Tuesday that it has signed a government contract with the Cannabis Business Office (CBO) – a part of the Office of Economic Development and International Trade (OEDIT) – to create CannaBusiness Growth.

The new educational program seeks to support social equity licensed cannabis entrepreneurs, by creating economic opportunities, local job creation and community growth in Colorado. The agreement is a result of Senate Bill 21-111 that was enacted into law in 2021.

The program, which includes more than 50 modules covering a range of general cannabis subjects to specific guidance relevant to industry verticals, is funded by the Marijuana Tax Cash Fund.

Module topics include:

• Compliance
• Finance
• Sales
• Marketing
• Human Resources & Hiring Best Practices
• Manufacturing
• Cultivation
• Dispensary Retail
• Delivery & Transport
• Hospitality

Vangst CEO Karson Humiston praised the move.

“As a Denver-based company, Vangst could not be more proud to announce our first government contract with The Cannabis Business Office,” Humiston said. “Bridging the knowledge gap between industry professionals and aspiring entrepreneurs is what we do best at Vangst and it’s clear that the industry needs to support organizations like the CBO to enhance equity in the cannabis sector.”

In its previous reports on diversity trends in the cannabis industry, Vangst emphasized that more needs to be done for equity within the space.

According to Vangst’s 2022 survey data, “less than 30% of the industry is made up of people who identify as Black or Brown." The ‘2022 Cannabis Industry Salary Guide' highlighted "that number is lower than the results of our 2020 survey."

Missed the first wave of cannabis investments? Don't make that mistake again.
Experts believe cannabis stocks have found their floor and are now poised for unprecedented growth.
Join Benzinga PotProfits. Our in-house canna stock expert, Michael Berger, is on a mission to uncover the most promising cannabis stocks poised for growth, even in a dull market. He leaves no bud unturned to bring you the juiciest potential double-digit opportunities!
 Just this year, the PotProfits portfolio has seen smoking-hot gains like:

•  47.10% with $GTBIF
•  40.23% with $TCNNF
•  21.50% with $VFF

 But here's the kicker: Michael is about to release his next potential winners, and he's chomping at the bit to share these ticker symbols with you ASAP.

Don't miss out on the green rush!