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Annual Financial Statements
Medical marijuana and adult-use licensees must file a financial statement every three years, or a shorter time-period as determined by the CRA. See Rule 20 of the Marijuana Licenses rule set – R 420.20 and/or Section 701 of the Medical Marihuana Facilities Licensing Act.
The financial statement is referred to as the Annual Financial Statement (AFS), the requirements of which are released every fiscal year (FY).
The chart below depicts the due date, reporting period, and fiscal report 3-year cycle to which licensees will be assigned, unless otherwise required by the CRA:
A licensee may verify its next AFS due date by utilizing the instructions in this resource.
AFS Report Forms
AFS Bulletins
AFS Instructions
AFS Supporting Forms
A licensee assigned to file a FY24 AFS must submit a completed FY24 AFS report and the FY24 AFS Contact Authorization Form to CRA online through the Accela Citizens Access Portal (ACA).
AFS Submission Instructions for FY24 can be accessed here.
Prior FY AFS Reports, Information & Forms
Additional Resources
CRA has released additional resources that may be of assistance to licensees regarding their annual financial statements.
CPA Signature Troubleshooting For Annual Financial Statements
How to Find your AFS Record and Upload Documents
AFS Notice of Deficiency (NOD) Instructions
Accounting and Recordkeeping Best Practices Bulletin
November 17, 2021 CRA Financial Compliance Education Session with Grapp Lerash CPA & (Downloadable PDF)