Ohio’s Cleveland School of Cannabis more than tripled their revenue last year after operating with a deficit for its first 18 months, according to a Crain’s report. The school reported $1.125 million in revenues last year after logging $360,000 the year prior.
The school has graduated 111 and currently has 115 students enrolled in its programs with about 16 instructors and 10 full-time staff. Sixty-five percent of CSC graduates are currently employed or in paid, industry, internships, according to school tracking figures. The CSC partners with Ohio cannabis firms, including cultivators Buckeye Relief and Cresco Labs; and dispensaries Terrasana and The Botanist. It counts cannabis horticulture, dispensary training, and medical applications – along with an “executive” program combing the three – among its course offerings.
“Many of these students could be employed if they were willing to move, but they are waiting for licensees to open closer to their homes. More licensees are passing inspections every week, and we expect the demand for employees to grow rapidly.” – Cleveland School of Cannabis founder and CEO Austin Briggs, to Crain’s
Briggs said the school is planning to expand into Columbus with classes expected in the summer. Briggs indicated a plan to expand into two more states – possibly New Jersey and Florida – by 2021.
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