Canopy Growth Corp (WEED)

[awesomesound]

Canadian cannabis producers’ overdue excise taxes more than triple to CA$52M

Unpaid federal excise duty is piling up in Canada’s cannabis industry, with excise debt more than tripling to 52.4 million Canadian dollars ($40 million) as of March 2022, up sharply from CA$16 million owed in March 2021, according to an MJBizDaily analysis of Canada Revenue Agency data.

That suggests at least 20% of all federally regulated companies owe the federal revenue agency money, the latest sign that excise-duty burdens are weighing on already-struggling cannabis producers, industry officials say.

https://mjbizdaily.com/canadian-cannabis-producers-overdue-excise-taxes-more-than-triple-to-ca52-million/