PharmaCann Laying Off 132 Workers At Denver Cannabis Site
The company plans to close its cultivation and production facility in May
PharmaCann Inc., one of the largest privately held cannabis companies in the U.S., will close its Denver cultivation and processing facility on May 20, laying off 132 workers as the company works toward exiting Colorado’s marketplace.
The nearly 190,000-square-foot facility on National Western Drive had a roughly $6 million taxable value in 2024, according to public records. PharmaCann is one of approximately 470 licensed adult-use cannabis cultivators in the state, down significantly from the 817 licensees in mid-2022, according to the Colorado Marijuana Enforcement Division.
Nathan Fete, the company’s chief manufacturing officer, informed the Colorado Department of Labor and Employment on March 20 of the mass layoffs in a Worker Adjustment and Retraining Notification (WARN) letter.
“The entire facility will close on May 20, 2026. This action is expected to be permanent,” Fete wrote. “There are no bumping rights for the affected employees. The affected employees at the facility are not represented by a union.”
To Read The Rest Of This Article On Cannabis Business Times, Click Here
