“The cannabis industry in California and, frankly, nationwide has been rather unstable,” she said. Headcounts have become increasingly stable at US businesses, according to the Conference Board’s survey of chief executive officers as well as a separate survey released Wednesday by the Business Roundtable.īoth reports, which tracked CEO sentiment during the second quarter, showed that executives’ hiring plans diminished, net workforce reduction expectations nudged slightly higher, and those who expected little to no change in headcount became the largest camp.ĬannaCraft, a cannabis grower, producer and retailer based in Sonoma County, is trying to keep its business sure-footed amid the California industry’s tumult and overall economic uncertainty, said Tiffany Devitt, the company’s chief of regulatory affairs. “And that’s why we haven’t seen this big collapse in the labor market, because you still have some industries that are trying to catch up from pandemic losses and then you have a whole number of businesses that are just holding on to people, waiting for the bad things to happen and then go away so they could get back to business.” “I think there is quite a bit of hoarding going on in the labor market,” said Dana Peterson, chief economist at the Conference Board. Hiring has scaled back and so have layoffs (to an extent), as firms try to ride out any impending storm with what they have.
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