Verano Holdings (VRNO) Tax Rate (2021 - 2026)
Verano Holdings (VRNO) recorded Tax Rate of 219.67% in Q2 2025, down 128.60 percentage points from 348.28% a year earlier and down 77.70 percentage points from the prior quarter.
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Analysis
Verano Holdings (VRNO) Tax Rate (2021 - 2026) Analysis & Trends
For FY2023, Verano Holdings reported Tax Rate of 522.15%.
- Annual Tax Rate has a three-year change of +470.85 percentage points (FY2020 to FY2023).
- Across earlier years, Tax Rate came in at 212.26% in FY2021 (+160.97 pp) and 51.30% in FY2020.
- The Q2 2025 figure is the lowest quarterly Tax Rate since Q1 2024.
- On a year-over-year basis, Tax Rate rose in four of the last six quarters, with an average year-over-year change of +246.44 percentage points.
- Peak year-over-year performance for Tax Rate in the last five years was a gain of 1396.57 percentage points in Q3 2024, against a drop of 694.65 percentage points in Q2 2023 at the low end.
Peer Set
Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Philip Morris International | 302.85 Bn | 281.83 Bn | 7.85 Bn | 21.46% |
| 2 | British American Tobacco p.l.c | 140.62 Bn | 117.27 Bn | - | - |
| 3 | Altria | 126.99 Bn | 113.97 Bn | 3.94 Bn | 23.59% |
| 4 | RLX Technology | 2.37 Bn | -1.38 Bn | 52.74 Mn | - |
| 5 | Curaleaf Holdings | 2.36 Bn | 1.98 Bn | 170.48 Mn | - |
| 6 | Verano Holdings | 2.05 Bn | 1.71 Bn | 100.04 Mn | 226.91% |
| 7 | Trulieve Cannabis | 1.89 Bn | 629.78 Mn | 148.02 Mn | 97.14% |
| 8 | Green Thumb Industries | 1.59 Bn | 362.48 Mn | 146.79 Mn | 131.08% |
| 9 | Cronos | 1.25 Bn | -1.89 Bn | 32.28 Mn | 4.80% |
| 10 | Turning Point Brands | 1.25 Bn | 333.93 Mn | 85.18 Mn | 17.11% |
Historic Data
Download Data
Historic Data
| Date | Value |
|---|---|
| Sep 30, 2026 | 226.91% |
| Jun 30, 2025 | 219.67% |
| Mar 31, 2025 | 297.38% |
| Sep 30, 2024 | 1,562.28% |
| Jun 30, 2024 | 348.28% |
| Mar 31, 2024 | 172.46% |
| Sep 30, 2023 | 165.71% |
| Jun 30, 2023 | 189.35% |
| Mar 31, 2023 | 148.40% |
| Sep 30, 2022 | 262.93% |
| Jun 30, 2022 | 884.00% |
| Mar 31, 2022 | 99.70% |
| Dec 31, 2021 | 122.59% |
| Sep 30, 2021 | 179.09% |
API Access
Verano Holdings Tax Rate API
Pull this series into your own models, spreadsheets and apps with the Business Quant
Historical Metrics API. The request below matches the chart above — change the
frequency, period or values and it follows. Swap YOUR_API_KEY for your own key.
https://data.businessquant.com/historic?slug=tax-rate&ticker=VRNO&period=max&api_key=YOUR_API_KEYimport requests
url = "https://data.businessquant.com/historic"
params = {"slug": "tax-rate", "ticker": "VRNO", "period": "max", "api_key": "YOUR_API_KEY"}
data = requests.get(url, params=params).json()const res = await fetch("https://data.businessquant.com/historic?slug=tax-rate&ticker=VRNO&period=max&api_key=YOUR_API_KEY");
const data = await res.json();