A Medical Marijuana Surety Bond is a license and permit bond required by certain government jurisdictions. Medical Marijuana Surety Bonds are becoming more of an industry standard and a state requirement. At Alpha Surety we are able to service and quote your medical marijuana surety bond requests.
These may also be referred to as cannabis surety bonds.
Typically speaking, we will need the following for each request:
- Bond Amounts $5,000 to $10,000
- Credit Check
- Personal Financial Statement Preferred
- Bond Amounts $50,000 to $100,000
- Credit check
- Cash Verification – In the form of bank statements and non-retirement accounts are acceptable
- Resume of individual(s) involved that have cannabis experience
- Business plan (if new venture) or business financials (profit and loss as well as a balance sheet)
- Personal Financial Statement
Some state’s bond requirements are set even higher, such as Florida’s required $5,000,000 bond for a medical marijuana license.