(This is the second installment of a two-part series about licensed Canadian cannabis producers’ unpaid excise taxes. Part 1 is available here.)
A growing number of Canadian cannabis producers continue to rack up tax debt, which could lead to “a meaningful number” of companies going out of business if they’re unable to make those payments, according to the latest tax data and industry analysts.
Federally licensed cannabis producers owed the Canada Revenue Agency (CRA) 273.4 million Canadian dollars ($202 million) as of Dec. 29, 2023, marking a 72% increase compared to the figure from about one year earlier, MJBizDaily has learned.
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The number of delinquent companies has grown sharply in recent years.
Roughly 259 licensees were behind on their tax commitments as of
Read full article on Marijuana Business Daily
