Marijuana Business Owners: Employee Benefits are Obtainable

The medical marijuana industry is one of the fastest growing industries in the United States. It was estimated to be worth around $18 billion at the end of 2020. Colorado is currently ranked third in the cannabis industry with over 50,000 employees and the industry is growing every month. With all of this fast-paced growth and expansion, the industry is presented with new challenges and opportunities. Before, things like health insurance, disability coverage and executive benefits seemed unattainable to those in the 420 industry, but that’s all changing!

Our team is committed to helping owners understand the world of employee benefits and can assist in bridging the gap so affordable insurance can be offered to its employees. We are a full-service insurance agency that provides solutions that support the overall benefit strategy AND bottom line of our cannabis clients. We are aware of the pain points in the MMJ industry, and we are up for the challenge. We know that we can help you and your employees.

The cannabis industry is experiencing an extremely competitive hiring market and including employee benefits as part of a company’s hiring package can help set a business apart.

Cost is the number one concern we hear when working with those in the cannabis industry. Most business owners feel that adding employee benefits to their offerings can be costly to the bottom line. That is not necessarily the case if you work with an insurance agency that knows how to navigate the process. It is also important to note that benefits are a great way to recruit and retain top talent. If you are interested in knowing where you stand in comparison to the competition, we offer a no-obligation review of your company’s current benefit package. With just a few key documents we can help you assess where you stand for FREE! 

Many in the MMJ industry believe accessibility is a myth when it comes to employee benefits. While it is true that cannabis is not federally legal yet, there are no restrictions that prevent marijuana businesses from insuring their employees. This means you have access to the same packages and plans as other legitimate businesses.

We are also aware that turnover is a huge issue within the industry and while a lot of that turnover is out of the hands of the owner, providing employee benefits to make your business more competitive is something you can control. Offering insurance benefits to your employees can be a game changer. It shows that you care about your employees and want to make sure that they are taken care of. It also demonstrates that you are committed to providing stability to employees.

Working with other cannabis businesses has helped Blue Chip Benefits understand the challenges that affect the cannabis small business community, and we are here to help you navigate them! Our team looks forward to helping you establish a benefits program that can aid in attracting and retaining top talent. The cannabis industry is experiencing an extremely competitive hiring market and including employee benefits as part of a company’s hiring package can help set a business apart.

Want to discuss in more detail? Give us a call today at (888) 224-8244, x701 or reach out to Team@BlueChipBG.com to schedule an appointment.

About Blue Chip Benefits, Ltd.: Blue Chip Benefits specializes in supporting companies with group benefits that include medical, dental, vision, disability, life insurance, and more. Our team navigates the health insurance system with our clients, to ensure benefits meet the needs of the organization as well as its employees. Blue Chip Benefits is known for finding and advising on the best plans for the best price.

About Maureen de Jongh, PHR: Maureen owns and manages Blue Chip Benefits and is a licensed health and life insurance broker in 11 different states, including Colorado and Texas. She has her Human Resources PHR Certification, so she can better assist companies with Human Resources compliance matters.  Her focus is to help clients navigate the healthcare system and ensure compliance with any applicable laws that may apply.

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