Unpaid cannabis tax in Canada balloons to almost CA$200 million

The amount of unpaid federal excise tax owed by Canada’s cash-strapped licensed cannabis producers more than tripled in the latest fiscal year from a year earlier as companies complain they’re getting buried by government fees and levies.

Federally licensed cannabis producers owed the Canada Revenue Agency 192.7 million Canadian dollars ($145 million) as of March 31, 2023, a more than threefold increase over the 2021-22 fiscal year’s CA$52.4 million.

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Levy debt has been on a steep upward curve since Canada legalized cannabis in 2018.

Canada’s excise duty imposed on producers’ dried cannabis is either CA$1 per gram or 10% of the value of the gram, whichever is greater.

As of the end of March, the levy debt stood at:

CA$147,425 in 2019. CA$4.4 million in 2020. CA$16 million in 2021.

“This massive and accelerated growth of total excise owing as well as total number

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The amount of unpaid federal excise tax owed by Canada’s cash-strapped licensed cannabis producers more than tripled in the latest… Continue reading
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