Curaleaf Lays Off 47 Employees In Colorado As Cannabis Industry Trend Continues

Curaleaf Holdings, Inc. CURLF submitted its WARN notice to the Colorado Department of Labor & Employment, revealing that 47 employees will be laid off, reported The Pueblo Chieftain. These layoffs come as a part of the planned proactive closure of the majority of the company’s operations in California, Colorado and Oregon announced in January. These layoffs also follow a previous round that took place in November and resulted in some 220 employees losing their jobs.

The WARN notice is only for Colorado and affects The Spot 420 Pueblo West Dispensary at 748 E Industrial Blvd, Pueblo West, along with four cultivation operations at:

  • 920 38th Lane, Pueblo;

  • 127 S. Nielson Avenue, Pueblo;

  • 46795 E. State Hwy 96, Avondale;

  • 129 E Enterprise Dr. Pueblo West.

A Growing Industry Trend

Curaleaf is not the only company letting workers go. Many cannabis companies have recently handed out pink slips to workers as part of cost-saving measures.

  • Tilray Brands TLRY announced in January, it will lay off 49 employees at medical cannabis cultivation and manufacturing facility in Cantanhede, Portugal.

  • Columbia Care Inc CCHWF is laying off numerous workers at its Saxton facility, per data from the Department of Labor & Industry; 73 employees will be let go effective February 28.

  • LeafLink, an online wholesale cannabis platform, laid off 80 workers on December 15th.

  • WM Technology Inc. MAPS cut 25% of its workforce, amounting to 175 employees.

Benzinga's Cannabis Capital Conference Is Back!

The most successful cannabis business event in the world, the Benzinga Cannabis Capital Conference, returns to Miami for its 16th edition. This is the place where DEALS GET DONE, where money is raised, M&A starts, and companies meet investors and key partners. Join us at the Fontainebleau Miami Beach Hotel in Florida on April 11-12. Don’t miss out. Secure your tickets now. Prices will surge very soon.

Photo by Richard T on Unsplash

Market News and Data brought to you by Benzinga APIs
Posted In: CannabisNewsPenny StocksSmall CapMarketsColoradoCuraleafpremiumworkers laid off
Benzinga simplifies the market for smarter investing

Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.

Join Now: Free!

The Benzinga Cannabis Capital Conference is coming to Florida

The Benzinga Cannabis Capital Conference is returning to Florida, in a new venue in Hollywood, on April 16 and 17, 2024. The two-day event at The Diplomat Beach Resort will be a chance for entrepreneurs, both large and small, to network, learn and grow. Renowned for its trendsetting abilities and influence on the future of cannabis, mark your calendars – this conference is the go-to event of the year for the cannabis world.

Get your tickets now on – Prices will increase very soon!