Export the File
After you make all the global and local adjustments to your panorama photograph and are happy with the results, you no longer need the PSD file. That file, created by Photoshop, is a large file—likely in the hundreds of megabytes. By stitching a series of RAW photographs, all around 20 megabytes each, into one panorama, the end result can be five times the size or even higher. So I recommend converting that final PSD file to a 16-bit TIFF file without layers. The reason is to retain all the quality and data that the stitched RAW files have. By keeping the file as a 16-bit TIFF, the ability to recovery details remains. However, removing the layers removes some of the unnecessary data, making the file size smaller.
Develop module ...
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