bond or escrow for cessation of operation of a Cannabis Establishment costs
All cannabis establishment license applicants, including retailers (dispensaries), cultivators, manufacturers, and wholesalers. Required when: Submission of a full license application for a cannabis establishment.
Overview
What it is.
All cannabis establishment license applicants, including retailers (dispensaries), cultivators, manufacturers, and wholesalers. Required when: Submission of a full license application for a cannabis establishment.
Who usually needs it
All cannabis establishment license applicants, including retailers (dispensaries), cultivators, manufacturers, and wholesalers.
Pricing & timing
What to expect.
Generic pricing
Reclamation bonds ensure land or environmental restoration after mining, drilling, or construction activities. Typical Pricing:. • Rates: Commonly around 1–5% of the bond amount, though higher rates may apply for larger or higher-risk projects. • Bond amounts: Often $10,000 to several million dollars based on project scope. • Full underwriting: Required including financial review and environmental assessment. Reclamation and environmental bonds are specialized and require detailed project i…
Typical timeframe
Full underwriting required — typically 5–7 business days
Application
What to do next.
Tell us the bond name, state, and amount on your form.
Share business and applicant info so the team can quote it.
Sign and pay; we issue the bond and send you the documents.
Keep your effective date and renewal date on file with us.
Start the application.
You are on the exact bond page. The next step is to start the quick application.
StateVTBond amount$5,000Term lengthContinuousObligeeVermont Cannabis Control BoardRenewalLicensees must provide documentation of the bond or escrow during the annual license renewal process.Bond classReclamation BondCategoryRetail & SalesBondbond or escrow for cessation of operation of a Cannabis Establishment costsStatutory referenceVermont Cannabis Control Board Rule 1.4.5(b)JurisdictionState
