Because the hemp and marijuana industries proceed to see development throughout the U.S. within the wake of accelerating legalization and decriminalization, firms akin to Curaleaf Holdings (CSE: CURA; OTCQX: CURLF) are engaged in hiring sprees each on the front-line worker degree and on the chief aspect of operations.
Right this moment Curaleaf introduced two new government appointments that can impression the bottom firm in addition to Curaleaf Hemp, a by-product that focuses on CBD tinctures and topicals for human consumption along with CBD drops and cookies for pets.
Efficient instantly, these two new workforce members have joined the Curaleaf administration construction:
- Senior Vice President of Compliance — Troy Morgan (previously Head of Compliance for Sanofi-Genzyme’s Uncommon Illness Division)
- President of Curaleaf Hemp — Dave Johnson (previously of PepsiCo’s Frito – Lay Division)
Whereas Dave Johnson oversees growth of retail operations following the 2018 Farm Invoice inflicting an explosion of CBD reputation, it’s the previous SVP of Compliance position that might have the biggest impression on the corporate.
Bringing on high-ranking compliance officers to supervise operations has grow to be more and more necessary to the still-growing cannabis trade within the wake of Canadian firms like CannTrust and Bonify working afoul of licensing guidelines.
Whereas cannabis legalization guidelines are totally different within the U.S., multi-state operators akin to Curaleaf should navigate an array of wildly totally different laws that shift from state to state as cannabis stays unlawful on the federal degree.
Discussing the recruitment of Dave Johnson to drive hemp-based product gross sales and Troy Morgan to supervise firm vast compliance, Curaleaf CEO Joseph Lusardi issued this assertion:
Having somebody with Dave’s expertise centered solely on this side of the corporate will generate the market share and model consciousness to match our high-quality merchandise. Making certain that every one Curaleaf dispensaries and processing services at all times adhere to all state-specific laws is our high precedence, and we stay up for Troy’s efforts in enhancing our compliance system.
In different latest firm information, Curaleaf expanded into Arizona final month by way of a money and inventory deal to accumulate Glendale Greenhouse and Phytotherapeutics Administration Providers. These acquisitions see the corporate gaining each a brand new indoor develop facility / extraction lab in addition to two extra dispensaries.