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.

Download the Surety Bond Form (.PDF opens in a new window)

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We will ask you for some standard information about your business to get started and examine specifics about your unique operation and how we can mitigate and identify the risks you face, now and in the future.

Cannabis Business Insurance

Excise Tax on Cannabis

Let’s discuss your cannabis business needs