Curaleaf And Trulieve Lead The Pack In Tax Payments: A Look At 16 Cannabis MSOs' Liability, Income And More
Portfolio Pulse from Nicolás Jose Rodriguez
A recent equity report by Zuanic & Associates reveals the tax payments and liabilities of 16 Multi-State Operators (MSOs) in the cannabis industry during CY22. The MSOs collectively paid $761 million in income taxes, with Curaleaf (OTC:CURLF) and Trulieve (OTC:TCNNF) being the top contributors. The report also highlights the varying income tax to gross profit ratios among the MSOs, suggesting that some companies might be using tax debts as a low-cost funding source.
August 04, 2023 | 9:10 am
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NEUTRAL IMPACT
Curaleaf emerged as one of the top contributors in tax payments among the 16 MSOs, with $156 million in tax payments.
The high tax payment by Curaleaf indicates a strong financial performance, but it doesn't necessarily imply a direct impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Trulieve was one of the top contributors in tax payments among the 16 MSOs, with $147 million in tax payments.
The high tax payment by Trulieve indicates a strong financial performance, but it doesn't necessarily imply a direct impact on its stock price in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80