Marijuana, Cannabis, or Hemp Bond
What is a Marijuana, Cannabis, or Hemp Bond?
A Marijuana, Cannabis, or Hemp Bond is a type of License & Permit bond that ensures that marijuana businesses comply with state regulations and pay the required taxes and fees.
Protects the government’s interest in collecting marijuana-related taxes and fees, and ensures compliance with industry regulations.
Required for marijuana businesses to operate legally and maintain professional standards in states where marijuana is legal.
Applicant’s personal or business information, credit history, bond amount, and marijuana business license details.
Based on credit history and bond amount, usually 1-5% of the bond amount.
