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Benzinga

Business

Joana Scopel

Ten Multistate Cannabis Companies Owe $500M To The IRS, Says A New Report

IRS Verano Nick Richards Green Thumb Industries Verano Holdings

An analysis of financial filings by Green Market Report showed that ten publicly traded multistate cannabis companies are carrying over $500 million in federal tax debts.

The Multi-state operators (MSOs) are Acreage Holdings Inc. (OTC:ACRDF), Ascend Wellness Inc. (OTCQX:AAWH) (CSE:AAWH), Ayr Wellness Inc. (CSE:AYR) (OTCQX:AYRWF), Cresco Labs Inc. (OTC:CRLBF), Columbia Care Inc. (OTC:CCHWF), Curaleaf Holding Inc. (CSE:CURA) (OTCQX:CURLF), Green Thumb Industries Inc. (OTCQX:GTBIF) (CSE:GTII), TerrAscend Corp. (OTCQX:TRSSF) (CSE:TER), Trulieve Cannabis Corp. (OTCQX:TCNNF) (CSE:TRUL), and Verano Holdings (CSE:VRNO) (OTCQX:VRNOF).

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