Rowan University Rohrer College of Business will offer a master of business administration in cannabis commercialization starting this fall.
The focused program allows MBA students to select three courses to satisfy the requirements, two of which are required: Evolution of the Cannabis Industry and Business Model Innovation in Cannabis.
“The rapidly evolving cannabis industry is anticipated to become a multibillion dollar economic driver across the USA – and beyond. Career opportunities related to cannabis are vast, and cross-over talent is in high demand,” said Rowan’s website. “Plant-touching verticals such as cultivation, extraction, manufacturing, and/or retail need experts from other industries to adapt, extend, and expand best practices into the highly regulated cannabis market. There is strong and growing demand for ancillary businesses complementing and serving the cannabis industry, with potential career pathways in services such as accounting and tax, finance and banking, data analysis, marketing and branding, supply chain, and human resources.”
Students must also take an elective to satisfy course requirements. There are 14 electives to choose from, ranging from Advanced Chemical Analysis of Cannabinoids to Capital Budgeting to Entrepreneurship & Innovation.
Last year, Rowan launched its Institute for Cannabis Research, Policy & Workforce Development, whose works aims to help fully understand the impact of New Jersey’s cannabis laws, as well as the potential medicinal uses of cannabinoid compounds. Rowan bills the initiative as “an interdisciplinary research institute to assist and advise policymakers, health care professionals, pharmaceutical industries, government agencies, and businesses.”
The institute was created shortly after Gov. Phil Murphy signed the New Jersey Cannabis Regulatory, Enforcement Assistance, and Marketplace Modernization Act, or CREAMMA, the legislation enabling the creation of an adult use cannabis market. More than a year later, dispensary sales will start to adults 21 and over on April 21.
“Interdisciplinary collaboration is critically needed to help understand how these new cannabis laws will affect New Jersey,” said Tabbetha Dobbins, interim vice president for research at Rowan University, when the institute launched in March 2021. “We’ve seen the impact on other states and the possibilities. Research and data will be necessary to help us navigate this monumental shift in our society.”