Applicants for an Integrated Facility license (which includes the authority to dispense medical cannabis) Required when: Required at the time of application (as a letter of commitment) and must be fully executed and filed with the Commission before the issuance of the license
Overview
What it is.
Applicants for an Integrated Facility license (which includes the authority to dispense medical cannabis) Required when: Required at the time of application (as a letter of commitment) and must be fully executed and filed with the Commission before the issuance of the license
Who usually needs it
Applicants for an Integrated Facility license (which includes the authority to dispense medical cannabis)
Pricing & timing
What to expect.
Generic pricing
Performance bonds guarantee that a contractor will complete a project according to the contract terms. Typical Pricing:. • Small contracts: Commonly around 1–5% of the contract value (one-time upfront premium). • Larger contracts: Rates generally scale lower as contract size increases. • Credit impact: Good credit: starting around 1–2% · Average credit: typically 2–4% · Credit challenges: often 4–5% or higher. • Full underwriting required: Credit, financials, experience, and bon…
Typical timeframe
Full underwriting required — typically 3–5 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.
StateALBond amount$2,000,000Term lengthContinuousObligeeAlabama Medical Cannabis CommissionRenewalThe bond must be maintained as long as the license is active; licenses are subject to annual renewal and the bond must remain in effect to satisfy performance requirementsBond classPerformance BondCategoryHealthcareBondIntegrated Facility Performance BondStatutory referenceAla. Code § 20-2A-67(d)(1)JurisdictionState
