Pot Industry Cultivates a New Branch with Human Resources

As recreational marijuana buds into a legitimate billion-dollar business from its outlaw past, human resources professionals are encountering business challenges that are both familiar and new.

In states with legalized recreational marijuana, business is blooming.

Since Colorado’s landmark vote to be the first state to legalize recreational pot in November 2012, seven more plus Washington, D.C., have followed suit. Regulated marijuana sales in North America totaled $6.9 billion in 2016, a 30 percent increase from 2015. Sales are projected to increase to $21.6 billion by 2021 representing a 26 percent compound annual growth rate.

With that much green, the recreational marijuana industry is attracting entrepreneurs and deep-pocketed investors.

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