{"id":8884,"date":"2020-01-10T20:31:30","date_gmt":"2020-01-10T20:31:30","guid":{"rendered":"https:\/\/www.denverpost.com\/?p=3829861"},"modified":"2020-01-10T20:31:30","modified_gmt":"2020-01-10T20:31:30","slug":"colorado-cbd-producer-mile-high-labs-lays-off-20-employees-just-months-after-major-expansion","status":"publish","type":"post","link":"https:\/\/cannitrol.com\/blog\/colorado-cbd-producer-mile-high-labs-lays-off-20-employees-just-months-after-major-expansion\/","title":{"rendered":"Colorado CBD producer Mile High Labs lays off 20 employees just months after major expansion"},"content":{"rendered":"<div id=\"wp_fb_like_button\" style=\"margin:5px 0 5px 5px;float:right;height:100px;\"><script src=\"http:\/\/connect.facebook.net\/en_US\/all.js#xfbml=1\"><\/script><fb:like href=\"https:\/\/cannitrol.com\/blog\/colorado-cbd-producer-mile-high-labs-lays-off-20-employees-just-months-after-major-expansion\/\" send=\"true\" layout=\"standard\" width=\"450\" show_faces=\"false\" font=\"arial\" action=\"like\" colorscheme=\"light\"><\/fb:like><\/div><div class=\"media_block\"><\/div>\n<div><img src=\"https:\/\/cannitrol.com\/blog\/\/wp-content\/uploads\/2020\/01\/colorado-cbd-producer-mile-high-labs-lays-off-20-employees-just-months-after-major-expansion.jpg\" class=\"ff-og-image-inserted\" \/><\/div>\n<p><a href=\"https:\/\/www.denverpost.com\/2020\/01\/10\/colorado-cbd-mile-high-labs-layoff\/?utm_source=feedburner&amp;utm_medium=feed&amp;utm_campaign=Feed%3A+dp-news-marijuana+%28Denver+Post%3A+News%3A+Marijuana%29&amp;utm_content=Google+UK#comments-anchor\"><span class=\"spot-im-replies-count\" data-post-id=\"3829861\" \/><\/a><\/p>\n<p>Mile High Labs, one of Colorado\u2019s leading CBD producers, laid off employees this week, just months after undergoing a major expansion.<\/p>\n<p>According to chief financial officer Jon Hilley, the company cut 20 positions \u2014 less than 10% of its workforce \u2014 on Thursday. They primarily were those in entry-level sales jobs. Mile High Labs employed more than 250 people before the layoff, Hilley said.<\/p>\n<p>The news comes about three months after the company moved from Boulder into <a href=\"https:\/\/www.denverpost.com\/2019\/06\/20\/cbd-mile-high-labs-broomfield-manuracturing\/\">an $18.8 million, 400,000-square-foot facility in Broomfield<\/a>, where it extracts and processes hemp-derived cannabidiol, or CBD. Hemp has negligible amounts of THC, the ingredient that gives the plant\u2019s cousin marijuana its high.<\/p>\n<p>When the new facility opened, founder and chief executive officer Stephen Mueller <a href=\"https:\/\/www.denverpost.com\/2019\/10\/09\/colorado-cbd-mile-high-labs-broomfield\/\">told The Denver Post<\/a>\u00a0he anticipated adding another 100 workers to the company.<\/p>\n<p>\u201cWe did that,\u201d Hilley said Friday. \u201cTo go from 30 people to 250 people, you learn a lot about who\u2019s going to be a really good fit for the company.\u201d<\/p>\n<aside class=\"related right\" \/>\n<p>Despite the layoff, Hilley says Mile High Labs is \u201cabsolutely\u201d still expanding. In 2020, it plans to add an original line of CBD products, including tinctures and topicals. Chicago-based research company Brighfield Group estimates the <a href=\"https:\/\/www.brightfieldgroup.com\/datalanding\/us-cbd-market-report-2019\" target=\"_blank\" rel=\"noopener noreferrer\">U.S. CBD market could reach $24.4 billion<\/a> by 2025.<\/p>\n<p>\u201cThe last year has proven we are the market leader in this category and we\u2019re excited about continued growth of the category,\u201d Hilley said.<\/p>\n","protected":false},"excerpt":{"rendered":"<div class=\"media_block\"><\/div>\n<p>According to chief financial officer Jon Hilley, the company cut 20 positions &#8212; less than 10% of its workforce &#8212; on Thursday. They primarily were those in entry-level sales jobs. Mile High Labs employed more than 250 people before the layoff, Hilley said. <\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[8222,5062,531,52,330,6811,55,6813,8223,77,5577,9,5019,1,3,61,1736],"tags":[8224,5063,3105,2632,2908,6816,2635,6818,8225,2655,5580,5022],"_links":{"self":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8884"}],"collection":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/comments?post=8884"}],"version-history":[{"count":0,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/posts\/8884\/revisions"}],"wp:attachment":[{"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/media?parent=8884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/categories?post=8884"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cannitrol.com\/blog\/wp-json\/wp\/v2\/tags?post=8884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}