Constant Value Bond (Proof of Financial Responsibility)
Adult-use marijuana establishments, including marijuana retailers, growers, processors, microbusinesses, safety compliance facilities, and secure transporters. Required when: Required as a condition of licensure before a state marijuana license is issued or renewed. Exemptions: Marijuana event organizers are exempt fr…
Overview
What it is.
Adult-use marijuana establishments, including marijuana retailers, growers, processors, microbusinesses, safety compliance facilities, and secure transporters. Required when: Required as a condition of licensure before a state marijuana license is issued or renewed. Exemptions: Marijuana event organizers are exempt fr…
Who usually needs it
Adult-use marijuana establishments, including marijuana retailers, growers, processors, microbusinesses, safety compliance facilities, and secure transporters.
Pricing & timing
What to expect.
Generic pricing
Miscellaneous commercial bonds cover a wide range of business obligations not fitting other categories. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger bonds: Commonly around 1–5% of the bond amount annually. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. Pricing varies by specific bond type and requirements. Some miscellaneous bonds may price higher depending o…
Typical timeframe
Credit-based approval — varies by bond type
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.
StateMIBond amount$100,000Term lengthContinuousObligeeMichigan Cannabis Regulatory Agency (CRA)RenewalThe licensee must submit proof of financial responsibility annually during the license renewal process by filing a completed Attestation 2-D (for adult-use) or Attestation J (for medical, though medical now requires ins…Bond classMiscellaneous CommercialCategoryFinancial ServicesBondConstant Value Bond (Proof of Financial Responsibility)Statutory referenceMich. Admin. Code R. 420.10; MCL 333.27961JurisdictionState
