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Strategies & Market Trends : Dino's Bar & Grill -- Ignore unavailable to you. Want to Upgrade?

To: Goose94 who wrote (122178)	3/19/2022 8:46:31 AM
From: Goose94	Read Replies (1) \| Respond to of 202367

Canopy Growth (WEED-T) got spanked! Fined nearly $500k over excise licence violation Canopy Growth was fined nearly $500,000 by the Canada Revenue Agency in 2020 after it was found to be growing cannabis on an outdoor farm before obtaining the necessary licences to do so, the National Post reports. The Post said the farm began cultivating cannabis in 2019 to meet significant consumer demand following the advent of legalization a year prior, without obtaining a necessary excise-related licence. In a court document that the Post obtained, Canopy argued that the value of its 2019 cannabis crop was determined to be nil, given that it destroyed all the grown biomass and no product was manufactured from its outdoor production. Both the CRA and Canopy Growth declined to comment on the case, the Post said, but noted that Canopy did confirm it paid the fine in full to avoid further penalties associated with a late payment. BNN.ca