Cannabis recruitment platform Vangst raises $19 million

Be at the forefront of the latest cannabis scientific research. Submit a research abstract to present by Dec. 16, or register to attend the The Emerald Conference by MJBizScience, March 1-3 in San Diego.

 


Vangst, a recruitment firm focused on the cannabis industry, raised $19 million in a Series B financing round.

The funding, led by venture capital firm Level One Fund, “highlights the company’s growth over the last three years alongside the maturing cannabis industry,” Vangst said in a Thursday news release.

The Denver-based company said it will use the $19 million to expand into new markets “to support the influx of jobs” as “cannabis employment is expected to grow over 100% by 2025.”

The capital would also be used to launch new products, “including training and employee payment solutions,” according to the release.

The learning curve for entering the cannabis industry is steep. Start with the fundamentals.

MJBiz Cannabis 101 Email Course

A 10-part email course designed to educate new hires and aspiring professionals on the key fundamental areas of the legal cannabis industry, including:

  • History of legal cannabis in America
  • Overview of plant-touching + ancillary business sectors
  • Cannabis finance and investing
  • Cannabis marketing and brand building
  • Employment + hiring opportunities
  • And much more!

Gain a comprehensive understanding of this complex industry with this free resource.

Vangst said it currently works with more than 1,200 cannabis businesses and its on-demand hiring “gig platform” has filled more than 150,000 part-time roles since launching in 2018.

The company announced a $10 million Series A financing round in 2019.