Cannabis License Bond

As more and more states legalize cannabis (aka marijuana) for adult use, business is booming. Before licensing businesses to sell cannabis, most states are requiring a type of surety bond, frequently referred to as a cannabis license bond. These bonds are also commonly called cannabis bonds, cannabis surety bonds, marijuana license bonds, marijuana surety bonds—and many other variations.


Though the terminology varies, the fundamental purpose of cannabis bonds is easy to understand: when you secure a cannabis bond, you are guaranteeing that you will abide by all of the regulations applicable to the business in your state, including the timely submission of sales taxes. Failure to adhere to state requirements can result in a claim against the bond.


Essentially, cannabis license bonds serve as a protection to the public—a commitment that a cannabis business is run professionally, honestly and in accordance with the law. Like other types of surety bonds, a cannabis license bond involves three parties: the obligee (the public entity requiring the bond); the principal (the person needing the bond); and the surety company that issues the bond. It is critical for a cannabis license bond  to be written to the specific requirements of the obligee—especially since state laws are evolving.


As a direct, national bond writer, Colonial is prepared to meet the specific requirements of obligees across the country. We make it so easy, speedy and affordable to secure a cannabis license bond  that you can do it in minutes, right here, now:

Cannabis License Bond.

  • It’s best to work with a direct, national provider who writes bonds to the specific requirements of different obligees across the country. Keep in mind “generic” bonds, obtained through middle players, can turn out to be a waste of time—and money. Plus, it makes good sense to purchase your bond from a quality and financially secure company. Incorporated since 1930, Colonial Surety Company is an A (Excellent) rated insurance company by A.M. Best. We are Treasury listed, licensed, and admitted in all U.S. states and territories.

  • At Colonial, cannabis license bonds are reasonably priced and easy to obtain. You may notice that the premium rate fluctuates and includes hidden fees if you work through other agents or middle players. As a direct writer, Colonial Surety Company offers our lowest possible premium, based on the amount of the bond.


  • Colonial Surety Company offers the direct and digital way to get all types of cannabis and marijuana surety bonds. We make it easy to obtain bonds instantly. The steps are simple—get a quote online, fill in the information, and enter a payment method. Download or print your bond from anymore, anytime. It’s that simple.

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