Excise Tax on Cannabis
- A federal excise duty is payable by all licensed cannabis producers when the cannabis products they package are delivered to a purchaser. Learn more from the Canada Revenue Agency about excise duties for licensed producers.
- The federal government has confirmed excise duties on legalized cannabis; $1 per gram up to $10, with a 10% rate on prices above $10. Learn more from the Canada Revenue Agency about how excise duties are calculated.
- An excise stamp must be present on all cannabis products, assuring consumers that they are purchasing legal cannabis products. Learn more from the Canada Revenue Agency about excise stamps.
As a licensing condition, cannabis producers must provide security to ensure the payment of all applicable duties for any calendar month. Cowan can help you obtain this security by issuing a Surety Bond to cover the cost of associated duties.