Dutchie, a cannabis retail software startup based in Oregon, has laid off 8% of its workforce.
According to GeekWire, the cuts impact employees from the product and recruiting teams. Dutchie employs more than 700 people.
Dutchie CEO and co-founder Ross Lipson told the publication the job cuts are in response to “the dramatic market shift over the last few months.”
Massive legal cannabis markets like California have recently warned that state taxes and regulations have placed too much strain on operators.
The economic uncertainty around the still-growing industry has led other cannabis-focused companies to cut jobs.
Akerna, a cannabis compliance enterprise software company, earlier this month announced plans to cut about one third of its workforce.
Eaze, a cannabis delivery marketplace startup, also reportedly laid off as many as 25 employees in June.