FILE - In this June 28, 2017 photo, Alessandro Cesario, the director of cultivation, works with marijuana plants at the Desert Grown Farms cultivation facility in Las Vegas. Nevada is set to pioneer a law to prevent job-seekers from being immediately rejected for work based on a positive marijuana test. (AP Photo/John Locher, File)

Welcome to Cultivated, our weekly newsletter where we’re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom.

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Happy Valentine’s Day Cultivated readers,

We’ve been very aware that V-Day was around the corner for a while now because of all the themed press releases that have been sent our way. From pre-rolls in the shape of actual flowers to cannabis-based massage oil, there seems to be a lot out there for all the romantics.

Anyhow, let’s get down to it.

We’ve updated our list of ongoing layoffs in the cannabis industry again this week with the addition of Supreme Cannabis, which cut around 15% of its workforce on Tuesday. And with Aurora’s 500 cuts last week, our tally for cannabis layoffs stands at around 2,000.

Read about all the layoffs here.

Canopy Growth and Aurora Cannabis also reported earnings this week. Aurora’s earnings, analysts say, were no surprise after the guidance they released last week.

Both Canopy Growth and its venture capital division Canopy Rivers posted quarterly earnings …read more

Source:: Businessinsider – Technology

      

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