Canadian Cannabis Companies Could See Valuations Soar By Up To 300% With Tax Reform, New Report Shows
According to a recent official report, the Canadian government is considering revising the excise tax framework established in 2018 for the cannabis industry.
Originally designed to collect taxes amounting to approximately 10% of the industry’s gross revenues, the reality has been that companies are burdened with tax rates between 30-40% of their gross domestic revenues due to fixed C$ tax rates at lower price points.
Senior analyst Pablo Zuanic’s latest equity research report delves into the significant impacts potential excise tax changes could have on the Canadian cannabis industry.
Zuanic will also delve into how new regulations affect stock valuations and market growth at the Benzinga Cannabis Capital Conference on April 16-17. Benzinga readers, grab your tickets now before prices go up!
Financial Implications And Sector Catalysts
This tax adjustment harbors the potential to significantly benefit stakeholders across the board, including consumers, retailers, distributors, …