A cannabis excise bond is a type of excise surety bond that guarantees the imposed duties on licensed cannabis products are paid.
Licensees placing a Cannabis Excise bond are required to post security with a minimum of $5,000 up to a maximum of $5,000,000.
Ai offers full bonding support with a clear understanding of the projected growth rates of Cannabis Licences. The bond will expectedly increase in relation to the Excise tax due, possibly on an annual basis as the companies are expected to rapidly expand production of cannabis.
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For information on calculating the excise limit based on excise duty via the via, please visit the Department of Finance’s excise framework here.
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