Canopy Growth fined nearly $500K by CRA for allegedly growing cannabis before licence

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Canopy Growth fined nearly $500K by CRA for allegedly growing cannabis before licence
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.CanopyGrowth fined nearly $500K by CanRevAgency for allegedly growing cannabis before licence - via TheGrowthOp Cannabis news

Now, the Ontario-based company is appealing the $434,611 fine to the federal court, arguing that it had complied with all its obligations required by both Health Canada and the CRA contrary to the latter’s claims.

Under “significant pressure” to produce enough cannabis after legalization in late 2018, the company set up a corporate subsidiary in early 2019 that applied for a cultivation licence from Health Canada for an outdoor farm, according to the appeal.Article content The amount of the fine was based on two-thirds of CRA’s estimated market value of the 2019 crop, the company said, meaning the total value was likely around $650,000.

“The Alleged Offence that the has accused of committing is not an offence under the EA,” the documents read.

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