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Benzinga: Cannabis Layoffs Will Likely Continue As Market Stabilizes

Thousands in the cannabis industry have lost their jobs on the heels of the COVID-19 pandemic. Canopy Growth Corp. CGC 1.32% (TSE: WEED) and Aurora Cannabis Inc. ACB 2.99% (TSE: ACB) announced layoffs and office closures, respectively. Startups Flowr and Leafly also blamed coronavirus fears for their job cuts.

Some cannabis companies, such as Wana Brands, have begun rehiring furloughed employees. However, job reductions appear to be on tap for the foreseeable future, sources told Benzinga.

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