Portland CBD company Sentia Wellness has laid off more than 30 people in the past week, less than five months after the company’s launch.
Sentia markets its products under the Social CBD brand and other names. It spun out from controversial Portland marijuana company Cura Cannabis after Cura agreed to sell its recreational marijuana business to a Massachusetts company last year.
CBD is cannabidiol derived from hemp. It doesn’t contain the psychoactive ingredient in recreational marijuana; adherents believe CBD’s properties can improve health and well-being.
Sentia has raised at least $91 million, according to regulatory filings, and had 150 employees at the time of its launch last September. However, the company said in a statement to The Oregonian/OregonLive that an unsettled regulatory environment had undercut its ambitions.