The Oklahoma cannabis law has been modified and signed into law for all operations. An Oklahoma medical marijuana bond will be required of all applicants for licensing. Pursuant to Title 310, Chapter 681, a "Commercial Establishment" means an entity licensed by the Oklahoma Medical Marijuana Authority as a medical marijuana dispensary, grower, processor or researcher", which are the also the classes of license which will be offered.
The Oklahoma medical marijuana surety bonds is addressed in section 60 O.S. 2021, Sec. 427.14, "Every applicant for a commercial grower or grower license shall file with the Oklahoma Medical Marijuana Authority a surety bond in an amount of no less than fifty thousand dollars ($50,000) for each license sought, with a surety licensed to do business in the state, that runs to the State pursuant to the provision of the new Act. The medical marijuana bond must guarantee that the obligor (licensee) will comply with the Act including but not limited to building codes, administrative rules promulgated by the OKMMA and other relevant law, and will pay all monies due to the State during the valid period of the surety bond".
SuretyOne.com is the most agile underwriter of the surety bonds needed by the medical marijuana industry. We firmly believe in supporting the availability of cannabis products to patients that benefit from them. We will consider applications for dispensaries, processors, researchers, delivery services and grow operations in all states where current legislation favors legal marijuana businesses. For further information about the Oklahoma medical marijuana bond contact us at (800) 373-2804, email Underwriting@SuretyOne.com or chat with us live here.
NATIONWIDE COVERAGE: ARE YOU A CANNABIS OPERATOR IN MULTIPLE STATES? WE OFFER MARIJUANA BUSINESS BONDS IN ALL STATES WHERE THEY ARE REQUIRED.
Surety bond application review and quoting are free of charge. There is no obligation to purchase.