Canopy Growth (CGC) Tax Rate (2019 - 2026)
Canopy Growth's (CGC) quarterly Tax Rate came in at 0.88% in Q2 2026, up 153.0% year-over-year from 0.35% in Q2 2025, and up 207.81% quarter-over-quarter from 0.81% in Q4 2025.
Analysis
Canopy Growth (CGC) Tax Rate (2019 - 2026) Analysis & Trends
Canopy Growth has disclosed Tax Rate across 8 years of filings, most recently posting 0.88% for Q2 2026.
- In Q2 2026, Tax Rate rose 153.0% year-over-year to 0.88%; the TTM figure through Jun 2026 stood at 0.73% (up 128.0% YoY), while the FY2026 annual figure was 15.0%, up 643.0% from the prior year.
- Tax Rate came in at 0.88% for Q2 2026 at Canopy Growth, up from 0.81% in the prior quarter.
- In the past five years, Tax Rate ranged from a high of 137.08% in Q1 2023 to a low of 23.6% in Q2 2023.
- Average Tax Rate over 5 years is 10.04%, with a median of 0.3% recorded in 2024.
- Year-over-year, Tax Rate jumped 12367 bps in 2023 and sank 7803 bps in 2024.
- Over 5 years, Tax Rate stood at 0.59% in 2022, then decreased by 16 bps to 0.49% in 2023, then sank by 166 bps to 0.32% in 2024, then plunged by 152 bps to 0.81% in 2025, then jumped by 208 bps to 0.88% in 2026.
- Per Business Quant data, the three most recent Tax Rate figures were 0.88% in Q2 2026, 0.81% in Q4 2025, and 4.49% in Q3 2025.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Curaleaf Holdings | 2.66 Bn | 2.56 Bn | 169.91 Mn | 147.48% |
| 2 | Trulieve Cannabis | 2.27 Bn | 1.94 Bn | 162.29 Mn | -5.73% |
| 3 | Green Thumb Industries | 1.71 Bn | 1.42 Bn | 137.87 Mn | 78.51% |
| 4 | Cronos | 1.18 Bn | 379.85 Mn | 28.45 Mn | 0.14% |
| 5 | Glass House Brands | 666.14 Mn | 647.59 Mn | 15.77 Mn | -202.92% |
| 6 | Vireo Growth | 545.10 Mn | 402.80 Mn | 95.30 Mn | 140.85% |
| 7 | Tilray Brands | 470.81 Mn | 236.18 Mn | 90.52 Mn | 42.30% |
| 8 | Verano Holdings | 434.44 Mn | 349.24 Mn | 99.70 Mn | -27.89% |
| 9 | Canopy Growth | 406.26 Mn | 159.25 Mn | 16.08 Mn | 0.88% |
| 10 | Sndl | 362.57 Mn | 230.02 Mn | 40.74 Mn | -17.72% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Jun 30, 2026 | 0.88% |
| Dec 31, 2025 | -0.81% |
| Sep 30, 2025 | -4.49% |
| Jun 30, 2025 | -0.65% |
| Dec 31, 2024 | -0.32% |
| Sep 30, 2024 | -0.27% |
| Jun 30, 2024 | -6.09% |
| Mar 31, 2024 | 59.06% |
| Dec 31, 2023 | 0.49% |
| Sep 30, 2023 | -10.12% |
| Jun 30, 2023 | -23.60% |
| Mar 31, 2023 | 137.08% |
| Dec 31, 2022 | 0.59% |
| Sep 30, 2022 | -4.37% |
| Jun 30, 2022 | -0.18% |
| Mar 31, 2022 | 13.41% |
| Dec 31, 2021 | 0.16% |
| Sep 30, 2021 | 16.41% |
| Jun 30, 2021 | 0.74% |
| Mar 31, 2021 | 69.99% |