Massachusetts-based multistate operator Curaleaf Holdings is shuttering its cannabis cultivation facility in Bellmawr, New Jersey, and could lay off up to 40 workers.
All of Curaleaf’s marijuana cultivation operations will be consolidated at the company’s Winslow facility, according to a statement supplied to NJ.com.
ADVERTISEMENT
“Curaleaf is phasing out cultivation at our Bellmawr, New Jersey location to meet current business needs, and will utilize that location for other operations at this time,” the statement noted.
“This allows us to consolidate our production of key platforms with our Winslow facility and will streamline processes to increase output.
“Winslow has the capacity to support New Jersey’s overall market demand.”
The marijuana industry has been streamlining operations and laying off hundreds of workers in the past year in response to challenging capital markets, compressed wholesale prices and slowing sales growth in some markets.
Curaleaf cut 220 employees in Massachusetts
Read full article on Marijuana Business Daily