Cannabis Surety Bonds, Bonding for the Growing Marijuana Sector

These surety bonds fall in to the commercial class of business. With the exception of the few bonds that contain a decommissioning obligation or guarantees of a specific level of annual cannabis production they are simple, transactional bonds. The largest market for marijuana bonds is California where the the instrument is license compliance guarantee. Cannabis bonds that carry a penalty of $25,000 or less require only our completed application in order to underwrite and quote. Larger surety bond requests and those bond obligations that contain language or provisions that are not simple compliance obligations require review of personal and business financial statements. Cannabis business surety bonds are essentially unsecured credit instruments therefore personal credit is a factor in certain underwriting and rating decisions. We offer a non-standard program to applicants that may have damaged credit or may not have had the opportunity to develop a consumer credit history. No applicant is declined for coverage as we are committed to supporting legitimate, safe cannabis product cultivators, processors, marijuana testing lab and dispensaries.

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Recreational marijuana sales kick off in Arizona less than three months after voters pass ballot measureDutch recreational cannabis experiment advances after court appeal rejectedAurora Cannabis raising $125 million with eye on reducing debtFirst Big Tobacco marijuana player exits marijuana, hemp after bankruptcyPyxus International divesting Canadian cannabis subsidiariesCanadian cannabis sales slip in most provinces in NovemberCannabis sales records smashed or set in 2020, and insiders expect the gains to continueLatest Canadian cannabis recalls include melting vape pens, moldy budCannabis MSO Verano announces $100M subscription receipt financingKeegan Peterson, founder/CEO of marijuana tech firm Wurk, dies at 33Czech medical cannabis sales surge, but market remains smallThese four states could legalize medical marijuana through legislation in 2021Cannabis firm CannTrust reaches agreement to settle shareholder claimsNCIA: High recreational marijuana taxes in New York could hurt legal marketValens ‘clears the deck,’ liquidating most cannabis oil inventoryCanada’s ‘croptober’ surge pushes cannabis inventory over 1 million kilogramsAn elusive pathogen is damaging cannabis crops – here’s how to fight itMassachusetts cannabis retailers sue state over delivery regulationsCalifornia trade group offers marijuana banking services through credit unionPhytol cited as potentially dangerous cannabis vape ingredientBiden health nominees have history of supporting legal marijuanaInjectable cannabis overdose drug to be developed by IRISYSUse of dispensary cannabis reduces symptoms of PTSDMaine recreational cannabis store faces fine over mermaid logoInsights into 20 years of organic growth, profitability at marijuana vape maker Storz & BickelStrong demand drives up Oregon’s wholesale cannabis prices in 2020Canadian cannabis retailers to merge, focus on value-conscious consumersArkansas medical marijuana sales hit $175M in 2020, could double this yearMore layoffs at Aurora Cannabis following Great North dealWashington state forms compliance group to assist marijuana businesses

Current State of Cannabis Legality Nationwide