Following similar requirements by the state, counties and municipalities in California a Crescent City commercial cannabis bond will be required from all operators regardless of where in the growth, processing and distribution chain that they fall. The municipal code (17.95.060) has been amended to allow commercial cannabis operations to seek a use permit if the operator complies with specific requirements. Pursuant to .040, the following commercial marijuana activities are permitted:
In addition to compliance with the California cannabis bond statutes, an applicant must file a Crescent City commercial cannabis surety bond in the amount of fifteen thousand dollars ($15,000). The surety bond must run to the City and be in a form acceptable to the city attorney. The surety's obligation is to guarantee an operator's compliance with the code, ensure proper clean-up of closed businesses and to fund local law enforcement's actions with regard to permitted businesses. The city council has stated that the purpose of the new code is not to prohibit legal cannabis activity but rather as a "cost recovery" mechanism for the burden on city resources in managing a cannabis program.
California surety bond leader, SuretyOne.com is the premier underwriter of the surety bonds needed by recreational and medical cannabis operators. We firmly believe in supporting the availability of these products to patients that benefit from them and will provide bonding to ethical cultivators of cannabis products where permitted by law. We will consider applications for a Crescent City commercial cannabis bond for start-up businesses and individuals regardless of credit or financial statement condition. For further information contact us at (800) 373-2804, email Underwriting@SuretyOne.com or click here for a live chat.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.