New figures reveal that marijuana dealers owe a staggering $269.8 million in unpaid taxes, with 290 entities delinquent on their cannabis excise duty. Blacklock's Reporter says among these is Eve & Co., a now-insolvent cannabis dealer that had Liberal MP Yasir Naqvi (Ottawa Centre) as a paid director."There are 290 separate entities that have unpaid cannabis excise duty," the Canada Revenue Agency disclosed in a recent Inquiry Of Ministry tabled in the Commons.Naqvi, who is also parliamentary secretary for health, drew employment income from Eve & Company before its 2022 bankruptcy. The company owed the Canada Revenue Agency $1.9 million, including $1,434,051 in unpaid excise tax..The Competition Bureau estimates that two-thirds of licensed marijuana dealers are tax delinquents, with the total amount of unpaid cannabis excise duties continuously rising since legalization."Sixty-six percent of licensees required to remit excise duties had an outstanding debt with the Canada Revenue Agency," said a report from the Bureau.Parliament legalized marijuana in 2018 and taxed it at $1 per gram plus GST. However, with the average price per gram falling since legalization, excise duties now take up a more significant portion of cannabis producers' revenues.The cannabis industry has seen 34 corporations collapse since 2020, including national wholesalers and retail chains. The Canada Revenue Agency's figures suggest that many more may be struggling to pay their taxes..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
New figures reveal that marijuana dealers owe a staggering $269.8 million in unpaid taxes, with 290 entities delinquent on their cannabis excise duty. Blacklock's Reporter says among these is Eve & Co., a now-insolvent cannabis dealer that had Liberal MP Yasir Naqvi (Ottawa Centre) as a paid director."There are 290 separate entities that have unpaid cannabis excise duty," the Canada Revenue Agency disclosed in a recent Inquiry Of Ministry tabled in the Commons.Naqvi, who is also parliamentary secretary for health, drew employment income from Eve & Company before its 2022 bankruptcy. The company owed the Canada Revenue Agency $1.9 million, including $1,434,051 in unpaid excise tax..The Competition Bureau estimates that two-thirds of licensed marijuana dealers are tax delinquents, with the total amount of unpaid cannabis excise duties continuously rising since legalization."Sixty-six percent of licensees required to remit excise duties had an outstanding debt with the Canada Revenue Agency," said a report from the Bureau.Parliament legalized marijuana in 2018 and taxed it at $1 per gram plus GST. However, with the average price per gram falling since legalization, excise duties now take up a more significant portion of cannabis producers' revenues.The cannabis industry has seen 34 corporations collapse since 2020, including national wholesalers and retail chains. The Canada Revenue Agency's figures suggest that many more may be struggling to pay their taxes..This is what the Western Standard is up againstThe Trudeau government is funding lies and propaganda by directly subsidizing the mainstream media. They do this to entrench the powerful Eastern, woke and corrupt interests that dominate the political, social and economic institutions in Canada. Federal authorities are constantly trying to censor us and stop us from publishing the stories that they don’t want you to read. Ottawa may weaponize our taxes and police against us, but we’ve got a powerful ally on our side.You. Free men, and free women. We need you to stand with us and become a member of the Western Standard. Here’s what you will get for your membership:Unlimited access to all articles from the Western Standard, Alberta Report, West Coast Standard, and Saskatchewan Standard, with no paywall. Our daily newsletter delivered to your inbox. .Access to exclusive Member-only WS events.Keep the West’s leading independent media voice strong and free.If you can, please support us with a monthly or annual membership. It takes just a moment to set up, and you will be making a big impact on keeping one the last independent media outlets in Canada free from Ottawa’s corrupting influence.
