Aurora Cannabis is Laying Off Huge Swath of Workforce and Shutting Five Facilities

25% of administrative, sales and 30% of its production staff going. Aurora Cannabis on Tuesday announced a new round of staff reductions and plans to shut five facilities over the next two quarters, as the COVID-19 pandemic pummels the cash-crunched ca…

Layoffs Continue at Canopy Growth, Constellation Brands’ Struggling Cannabis Producer

Canopy Growth Corp., a major marijuana producer, has laid off 200 staff from the Canadian, U.K. and U.S. offices This is the third round of cuts in the last few months—as it stands, the company has let go almost 1,000 employees, including COVID-19-rela…

Why Legal Pot Was Taking a Hit in Canada, Weeks Before COVID-19 Sent Markets Plunging

The gains cannabis companies were banking on in the lead-up to legalization of recreational sales in October 2018 have not materialized. So, what went sideways? In February, weeks before COVID-19 was declared a pandemic and the stock market was sent in…