COLORADO: One of Colorado’s largest chains of marijuana stores on Wednesday laid off 65 employees — or about 45 percent of the company’s total workforce, according to owner Shawn Phillips.
The pot layoffs are believed to be the largest in Colorado’s 16-month recreational era.
Phillips owns nine cannabis stores in Colorado, all of which are part of the Strainwise-branded network, and he called the cuts “drastic” but “temporary” in a letter he wrote to employees obtained by The Cannabist.
“We’ve been working on putting together this staff for the last four or five years,” Phillips told The Cannabist exclusively, “and we had some really good people who are passionate about the business and who wanted to continue on. Hopefully these layoffs are temporary.”