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Major Colorado pot shop chain lays off 45% of its employees


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One of Colorado’s largest chains of marijuana stores on Wednesday laid off 65 employees — or about 45 percent of the company’s total workforce, according to owner Shawn Phillips.

The pot layoffs are believed to be the largest in Colorado’s 16-month recreational era.

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Phillips owns nine cannabis stores in Colorado, all of which are part of the Strainwise-branded network, and he called the cuts “drastic” but “temporary” in a letter he wrote to employees obtained by The Cannabist.

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