PharmaCann Shuts Down Denver Facility, 132 Jobs Lost
Denver News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
PharmaCann, the largest privately held cannabis company in the US, is shutting down its Denver grow facility, eliminating 132 jobs. The closure, due to financial pressures, follows a trend of job losses in Colorados cannabis industry. PharmaCann, which acquired LivWell Enlightened Health and The Clinic, struggled with plummeting wholesale prices. The company sold its dispensaries to Vireo Growth, signaling a shift towards asset-light models in the industry.
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