AWMA’s Cigarette Tax Bond Program allows wholesalers to post bonds to purchase state and local excise tax stamps for cigarettes on credit. Without this credit, distributors would have to pay cash for the tax stamps before receiving payment from customers, presenting serious cash flow problems. Today, the tax bond program provides more than $150 million in bonds to nearly 100 distributors. The program is funded through the generous support of Lorillard Tobacco Co and Liggett Vector Brands.