Colorado CBD producer Mile High Labs lays off 20 employees just months after major expansion

Mile High Labs, one of Colorado’s leading CBD producers, laid off employees this week, just months after undergoing a major expansion.

According to chief financial officer Jon Hilley, the company cut 20 positions — less than 10% of its workforce — on Thursday. They primarily were those in entry-level sales jobs. Mile High Labs employed more than 250 people before the layoff, Hilley said.

The news comes about three months after the company moved from Boulder into an $ 18.8 million, 400,000-square-foot facility in Broomfield, where it extracts and processes hemp-derived cannabidiol, or CBD. Hemp has negligible amounts of THC, the ingredient that gives the plant’s cousin marijuana its high.

Read the rest of this story on DenverPost.com.


The Cannabist

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