Tilray Brands, a Canada-headquartered multinational marijuana, alcohol and pharmaceutical distribution company, is laying off roughly a quarter of its staff at its medical cannabis facility in Cantanhede, Portugal. Tilray’s Portuguese operation has roughly 200 employees, according to a company spokesperson. “A total of 49 jobs will be affected in the production, manufacturing, … [Read more...] about Tilray cutting 25% of jobs at Portugal medical cannabis facility
further down the spiral
Marijuana industry layoffs and cost-cutting likely to continue in 2023
The once high-flying marijuana industry is expected to endure more layoffs and pain in 2023 – and perhaps beyond – after a tough year marked by companies cutting hundreds of employees amid falling wholesale prices and slowing demand. The layoffs have involved a range of businesses, including large multistate operators such as Curaleaf Holdings and Trulieve Cannabis as well as … [Read more...] about Marijuana industry layoffs and cost-cutting likely to continue in 2023
A national weed glut is causing prices to plummet and imperiling businesses
A clerk reaches for a container of marijuana buds for a customer at Utopia Gardens, a medical marijuana dispensary, in Detroit, Oct. 2, 2018. | Carlos Osorio/AP Photo By Paul Demko Michigan has way too much weed. The number of cannabis grow operations serving the state’s recreational market has almost doubled in the past year. The number of active marijuana plants now exceeds … [Read more...] about A national weed glut is causing prices to plummet and imperiling businesses
Yearly Cannabis Sales in Washington State Decline by $120 Million
Cannabis sales in the state of Washington declined by about $120 million over the past year, according to a recent market analysis report, marking the first time regulated sales of pot have dropped in a decade. Retail sales of marijuana fell by more than 8% from July 2021 through June 2022, according to a report on the cannabis markets in Washington, California, Colorado and … [Read more...] about Yearly Cannabis Sales in Washington State Decline by $120 Million
Why Marijuana Stocks Keep Going Down
What happened The news keeps getting worse for investors in marijuana stocks. Yesterday, cannabis news website Marijuana Moment warned of trouble getting the SAFE Banking Act (a bill to legalize banks providing banking services to marijuana companies) through Congress. Today, it appears that this warning was all too accurate. SAFE Banking will not be passed as part of a … [Read more...] about Why Marijuana Stocks Keep Going Down
