01. Edit your form online
Type text, add images, blackout confidential details, add comments, highlights and more.
Commercial Cannabis Licensee Bond Form - State of California 2026
Here's how it works
02. Sign it in a few clicks
Draw your signature, type it, upload its image, or use your mobile device as a signature pad.
03. Share your form with others
Send it via email, link, or fax. You can also download it, export it or print it out.
How to use or fill out Commercial Cannabis Licensee Bond Form - State of California
Ease of Setup
DocHub User Ratings on G2
Ease of Use
DocHub User Ratings on G2
- Click ‘Get Form’ to open it in the editor.
- Begin by entering the bond number in the designated field. This is crucial for identifying your specific bond.
- Fill in the premium amount for the bond, ensuring accuracy as this reflects your financial commitment.
- Provide the legal name of the principal (the business entity) and their service address. This information is essential for legal identification.
- Next, enter the name of the surety company and its state of incorporation. This ensures that all parties are correctly identified.
- Complete the section regarding compliance with MAUCRSA regulations, affirming your commitment to adhere to cannabis laws.
- Finally, ensure that signatures from both the authorized representative of the principal and attorney-in-fact for surety are included, along with printed names and titles.
Start using our platform today to fill out your Commercial Cannabis Licensee Bond Form easily and for free!
See more Commercial Cannabis Licensee Bond Form - State of California versions
We've got more versions of the Commercial Cannabis Licensee Bond Form - State of California form. Select the right Commercial Cannabis Licensee Bond Form - State of California version from the list and start editing it straight away!
| Versions | Form popularity | Fillable & printable |
|---|---|---|
| 2018 | 4.8 Satisfied (48 Votes) |
How much is a $1,000,000 surety bond?
$1,000,000 surety bonds typically cost 0.510% of the bond amount, or $5,000$100,000. Highly qualified applicants with strong credit might pay just $5,000 to $1,000 while an individual with poor credit will receive a higher rate.
What is a commercial surety bond?
A marijuana or cannabis surety bond is a licensing bond that provides a financial guarantee to the state or local government that you will perform business activities ing to the laws regulations governing your license.
How much is a bond with a company license in California?
A California contractor license bond costs an average of $250 - $750. The bond cost is a small percentage of the total bond amount needed ($25,000). This amount is also known as a bond rate or bond premium. Generally, the better an applicants credit score, the lower their cost.
What is a cannabis bond?
A bid bond is a type of bid security that provides assurance to the principal (typically the owner) that the contractor will accept the contract as bid. Bid bonds are required on most federal projects because of the Miller Act, though other types of projects may require bid bonds as well.
What does a California Contractors license bond cover?
Contractors are required to file a $25,000 contractor license bond with the California CSLB to maintain an active license. The bond protects the CSLB by transferring to a surety bond company the cost of damages to the public resulting from a licensed business breaking Californias Contractor License Law.
Security and compliance
At DocHub, your data security is our priority. We follow HIPAA, SOC2, GDPR, and other standards, so you can work on your documents with confidence.
People also ask
How do I get a bond license in California?
Find a Bond Provider: Look for a licensed surety bond provider that is authorized to issue contractor license bonds in California. Application Process: Apply for a quote. Underwriting and Approval: An underwriter will review the application and assess financial stability and creditworthiness.
What is the bond for a commercial cannabis licensee?
Per Section 15002 of the regulations, an application for an annual cannabis license must include proof of a surety bond of at least $5,000 payable to the State of California for each licensed premises.
Related links
by D Boyd In order to obtain a license for a cultivation center, the bond must be for $2,000,000.72 The surety bond requires the principal, or in this case, a state-
How to submit the form. If there are changes to the surety bond, licensees will need to submit the following items to licensechange@cannabis.ca.gov.Read more