[error] The field_paragraphs entity reference field no longer has any valid bundle it can reference

Problem/Motivation

The following error occurs while enabling the module:

The following module(s) will be enabled: multiparagraph_flow, paragraphs_browser

Do you want to continue? (yes/no) [yes]:
>

[error]  The field_paragraphs entity reference field (entity_type: paragraph, bundle: multiparagraph_flow) no longer has any valid bundle it can reference. The field is not working correctly anymore and has to be adjusted.
>  [notice] Checked es translation for paragraphs_browser.
>  [notice] Downloaded es translation for paragraphs_browser.
>  [notice] Imported es translation for paragraphs_browser.
>  [notice] Translations imported: 3 added, 19 updated, 0 removed.
>  [notice] The configuration was successfully updated. 266 configuration objects updated.
>  [notice] Message: One translation file imported. /3/ translations were added, /19/ translations
> were updated and /0/ translations were removed.
>
>  [notice] Message: The configuration was successfully updated. There are /266/ configuration
> objects updated.
>
[success] Successfully enabled: multiparagraph_flow, paragraphs_browser

While this error does occur, the module does enable and works just fine.