Get Ca Commercial Cannabis License Bond 2018-2024

Type 9: non-storefront retailer (delivery only) A non-storefront retailer sells cannabis goods to customers only through delivery.

Fees by license type Gross annual revenueApplication feeLicense feeLess than or equal to $100,000 (Tier I)$1,000$2,000$100,001 to $500,000 (Tier II)$1,000$7,500$500,001 to $1,500,000 (Tier III)$1,000$15,000$1,500,001 to $3,000,000 (Tier IV)$1,000$25,0003 more rows

• Commercial cannabis activity includes activities that are plant touching such as cultivating, manufacturing, and transporting cannabis, as well as activities that are not plant touching such as procuring and selling cannabis.

A California Cannabis Bond is a $5,000 surety bond that is required to be posted by cannabis business licensees before they are issued a license to conduct business in the State of California. There are six (6) different cannabis licenses issued by the State of California, each of which requires a $5,000 surety bond.

One key difference between performance bonds and surety bonds is the scope of their coverage. Performance bonds only cover a specific project, while surety bonds can cover multiple projects or ongoing business activities.

You need a distribution license to transport cannabis and cannabis products in California. Distributors can transport: Goods they cultivated or manufactured. Goods for other businesses.

A surety bond is a promise to be liable for the debt, default, or failure of another. It is a three-party contract by which one party (the surety) guarantees the performance or obligations of a second party (the principal) to a third party (the obligee).

The state of California requires that all cannabis-related businesses carry a bond. Cannabis bonds are $5,000 surety bonds that need to be purchased for each cannabis license the business owner has.