For the second time in the past four months, cannabis business behemoth Curaleaf is reducing its cultivation footprint in one of the newest adult-use markets in the country.
The New York-based multistate operator, which has more than 5,000 employees nationwide, announced this week that it’s laying off 49 workers at its Winslow cultivation and production facility in southern New Jersey. This facility became fully operational in 2021 in anticipation of the state’s adult-use sales launch, which happened in April 2022.
The largest publicly traded cannabis company in the world by market cap, Curaleaf announced earlier this year (in March) that it would be ceasing its cultivation operations at an older cultivation facility in Bellmawr—also in South Jersey—in order to meet the company’s business needs in the state by streamlining its operations via the Winslow facility.
But now, four months later, Curaleaf is reducing its workforce at Winslow to meet current market demand, which company officials say has fallen short of expectations, a spokesperson confirmed with Cannabis Business Times.