Bottom line is it produces formaldehyde. With really good ventilation, and no susceptibility to it, you might be good to go. Your decision.
You might be interested in this post.
https://community.glowforge.com/t/materials-and-suppliers/975/160
If you don’t want to click through, the relevant information is this MSDS from Formica. They do specifically address laser cutting and formaldehyde on page 7.