- Cannabis companies have been hit with a wave of layoffs, amounting to over 1,000 jobs across both startups and public companies.
- The layoffs come amid a broader downturn in the sector. One index of marijuana stocks lost about 50% of its value in 2019.
- On the private side, a tight funding environment has made it difficult for growth-stage cannabis startups to raise capital.
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The once red-hot cannabis industry is coming back down to earth.
In recent weeks, cannabis companies — including venture-backed startups read more >>>