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Cannabis vaporizer company Pax Labs fires 25% of workers after missing revenue projections


California-based Pax Labs, one of the leading vape pen companies in the cannabis industry, disclosed Monday it laid off 65 workers, or 25% of its workforce, after missing its revenue projections. The layoffs come amid a health crisis that has shaken the vaporizing industry. The San Francisco company - which originally had ties to the Juul e-cigarette before that product was spun off as a separate company - declined to directly link the vaping health crisis to the layoffs, instead saying its sa...

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