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Chemdawg marijuana plants grow at a facility in Smiths Falls, Ontario, Canada October 29, 2019.

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REUTERS/Blair Gable

Welcome to Cultivated, our weekly newsletter where we’re bringing you an inside look at the deals, trends, and personalities driving the multibillion-dollar global cannabis boom. Sign up here to get it in your inbox every week.

Happy Friday everyone,

My week was sadly dominated by the influx of tips I had coming in around layoffs in the cannabis industry. These stories are never easy to cover – you have to remember there are real people on the other end of the line, who depend on these jobs to support themselves and their families.

There is clearly a consequence to the “green rush” mentality that gripped investors and entrepreneurs in the cannabis space. We’re telling that story as best we can – and if you have a tip, please get in touch. We can talk about source anonymity, it’s something we take very seriously.

And with that, let’s get to it:

On the policy front, all eyes were on a certain committee hearing on Capitol Hill. Not impeachment – though yes, I imagine just a few people watched that – but a separate hearing the House Judiciary Committee held on Wednesday regarding the MORE Act, a far-reaching cannabis legalization bill.