Canadian cannabis companies that trade on U.S. exchanges are valued at an average of 10 times sales, compared with 5 times for U.S. multistate operators.
We want to make sure that there are reinvestment initiatives and it doesn’t all go to the big shots … that this just doesn’t let all the bankers, the big boys, in without taking into account that communities of color have paid the greatest price here and should get some recompense.
A non-cannabis business and a cannabis business each with $1 million in sales and $350,000 in gross income would have very different tax bills: