Teamsters Are Gathering More And More Marijuana Workers To Push For Better Industry, This Is The Latest Dispensary To Join
Portfolio Pulse from Vuk Zdinjak
Cannabis workers at Sunnyside, a subsidiary of Cresco Labs (OTCQX:CRLBF), have voted to join Teamsters Local 777, making it the fifth Cresco location to do so. The Teamsters union has been gathering more cannabis industry workers to push for better industry conditions. Other recent Teamster activities include workers at Bloc Dispensary, a subsidiary of Justice Cannabis Company, and workers at Growpacker, Amuse, and RISE dispensaries joining the union.
August 04, 2023 | 3:13 pm
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Cresco Labs may face increased labor costs and potential disruptions due to unionization of its workers.
Unionization often leads to increased labor costs as unions negotiate for better wages and benefits. This could impact Cresco Labs' profitability. Additionally, unions can lead to work stoppages or slowdowns if negotiations become contentious, potentially disrupting operations.
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Green Thumb Industries faces potential disruptions due to unfair labor practice charges and strikes.
Green Thumb Industries has been hit with unfair labor practice charges and strikes, which could disrupt operations and potentially harm the company's reputation. This could negatively impact the company's stock price in the short term.
CONFIDENCE 80
IMPORTANCE 65
RELEVANCE 50