{"id":2768,"date":"2026-07-18T21:03:28","date_gmt":"2026-07-18T21:03:28","guid":{"rendered":"https:\/\/coloradospringsmoverss.com\/?p=2768"},"modified":"2026-07-18T21:03:28","modified_gmt":"2026-07-18T21:03:28","slug":"the-cannabist-co-pulls-the-plug-on-denver-growhouse","status":"publish","type":"post","link":"https:\/\/coloradospringsmoverss.com\/?p=2768","title":{"rendered":"The Cannabist Co. pulls the plug on Denver growhouse"},"content":{"rendered":"<div>\n<div><strong>Getting your Trinity Audio player ready&#8230;<\/strong><\/div>\n<div>\n<p>The Cannabist Co. has informed the Colorado Department of Labor and Employment that it will shutter its north Denver growhouse and manufacturing facility and eliminate 50 jobs.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=2766\">Las Vegas man walked out of Colorado grocery stores with $65,769.82 in change stolen from Coinstar machines<\/a><\/p>\n<p>\u201cAll affected employees have been notified of their separation dates and that their separation from employment will be permanent,\u201d Kristin Popek, vice president of talent at the company, wrote in a Worker Adjustment and Retraining Notification, or WARN, letter.<\/p>\n<p>Popek, who did not return a call asking for additional details, said the layoffs would start Sept. 11 and that all employees would continue to receive base pay and benefits for the next 60 days.<\/p>\n<p>The facility, 4750 Nome St., initially belonged to Medicine Man, which The Cannabist Co., then known as Columbia Care, acquired on Nov. 1, 2021.<\/p>\n<p>Columbia Care also acquired The Green Solution, once Colorado\u2019s largest marijuana retail chain, on Sept. 1, 2020. That came with a large grow operation that was both indoors and outdoors. Those locations have been sold or closed.<\/p>\n<p>Wholesale marijuana prices in Colorado have fallen from a peak of around $1,700 per pound during the pandemic boom to less than $600 a pound recently, according to industry sources.<\/p>\n<p>That huge drop has proven devastating to growers and is pushing more vertically integrated companies to take the risk of relying on sourcing product in the open market.<\/p>\n<p>Chicago-based PharmaCann, owner of LivWell Enlightened Health and The Clinic, announced in March that it would close a cultivation and processing facility near the National Western Complex, eliminating 132 jobs. \t\t\t\t<\/p>\n<div>\n<\/div>\n<p>Eaze, owner of the Green Dragon, shuttered a 92,000-square-foot facility at 830 Wyandot in Denver in June 2025, resulting in the loss of 45 jobs. <\/p>\n<p>The number of actively registered recreational cultivation licenses has fallen by nearly half since the market\u2019s peak in 2021, according to the Colorado Department of Revenue\u2019s Marijuana Enforcement Division.<\/p>\n<p>The Cannabist Co. has faced severe financial distress. After a loan default this year, the multistate operator filed for bankruptcy protection in Delaware on March 25\u00a0 and is liquidating assets across states to satisfy creditors.<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=2762\">Milk prices at an all-time high, but most consumer costs slip in June after months of increases<\/a><\/p>\n<p><em>Get more business news by signing up for our Economy Now newsletter.<\/em><\/p>\n<div>\n<\/div>\n<div>\n<\/div>\n<\/p>\n<\/p>\n<p>Read more <a href=\"https:\/\/coloradospringsmoverss.com\/?p=2764\">Frontier Airlines deploying new Starlink-run Wi-Fi service<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The closure of the Medicine Man growing facility is part of a larger liquidation by the New York multi-state operator. Fifty employees will lose their jobs.<\/p>\n","protected":false},"author":1,"featured_media":2767,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[62,4],"tags":[],"class_list":["post-2768","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-marijuana","category-news"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>The Cannabist Co. pulls the plug on Denver growhouse - Colorado Springs Moverss<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coloradospringsmoverss.com\/?p=2768\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"The Cannabist Co. pulls the plug on Denver growhouse - Colorado Springs Moverss\" \/>\n<meta property=\"og:description\" content=\"The closure of the Medicine Man growing facility is part of a larger liquidation by the New York multi-state operator. 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