Feds Say TerrAscend Owes Back $8M Tax Refund

By Sam Reisman · May 18, 2026, 7:31 PM EDT

Multistate cannabis operator TerrAscend erroneously received more than $8 million in tax refunds that should never have been issued because of a federal law that bars traffickers in controlled substances from...

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Case Information

Case Title

UNITED STATES OF AMERICA v. TERRASCEND USA, INC. & SUBSIDIARIES

Case Number

2:26-cv-05640

Court

New Jersey

Nature of Suit

Taxes

Date Filed

May 18, 2026