What Are the New Surety Bond Requirements?
The state of California now requires surety bonds in order to obtain three separate license types in relation to the cultivation, manufacturing and selling of cannabis. The required bond amount is $5,000 (which ensures the proper destruction of product), and applies to the license types below:
- Cultivation – Department of Food and Agriculture
- Manufacturing – Department of Health
- All other license types – Cannabis Control Bureau
Why Choose JW Surety Bonds?
We are the nation's largest volume bond producer, and provide the lowest rates in the industry. It's also crucial that you understand that you're responsible to pay any claims filed on your bond. When you partner with our company, you will have a dedicated claim specialist assigned to your account to ensure claim payouts are either reduced or avoided all together.
Get a Free Quote Instantly Online
If you're ready to get a surety bond for this newly increased bond requirement, you can simply apply online.
Leave a Reply