Nonprofit receives IRS approval to help cannabis job seekers

Nonprofit receives IRS approval to help cannabis job seekers

The Grand Rapids Business Jnl   A Grand Rapids-based organization helping cannabis job seekers recently received formal 501(c)(3) status. After three years of providing free workforce readiness classes while waiting on an approved application from the Internal Revenue Service (IRS), Our Cannabis now can operate as an official nonprofit organization — something that isn’t common yet in the rapidly growing industry. Matt Hoffman. Courtesy Our Cannabis “A cannabis nonprofit is a rarity in the field,” said Matt Hoffmann, co-founder and chair of Our Cannabis. “To my knowledge, we are the only nonprofit focused on supporting job seekers and career development in the cannabis field.” Other cannabis nonprofits, such as the NORML Foundation in Washington, D.C., or the Last Prisoner Project in Colorado, focus on education and advocacy. Locally, the city of Grand Rapids recently approved the creation of a proposed nonprofit to boost citywide social equity outcomes for the industry. Prior to Our Cannabis, Hoffmann owned a caregiver dispensary and had lobbied for expungements for cannabis convictions before noticing a need for job-seeker support as more states moved toward legalization in recent years. “We realized that other organizations could handle lobbying, and we decided to focus on workforce development,” Hoffmann said. According to a 2022 jobs report from Leafly, a cannabis education company, over 428,000 Americans currently hold full-time jobs within the legal cannabis industry. In Michigan, cannabis sales increased by 81% in 2021, reaching $1.79 billion and supporting 31,152 jobs. The annual growth in jobs places Michigan behind only California and Colorado in terms of total state cannabis employment, according to the report. Hoffmann said Our Cannabis can help fill in the gaps with workforce development, and he witnessed firsthand the demand for more support in West Michigan a few years back. Previously, Hoffmann owned a cannabis job site called…

Excerpt only …
Source : Nonprofit receives IRS approval to help cannabis job seekers

reposted by Cannabis News World

This site uses Akismet to reduce spam. Learn how your comment data is processed.