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Medical Cannabis Production License Bond

Entities applying for a Class 1 or Class 2 Production License to cultivate, manufacture, and dispense low-THC oil. Required when: The bond or comparable surety must be obtained and proof provided to the Commission within 30 days of the license award.

Bond amount"$1,500,000 for Class 1 Production License; $625,000 for Class 2 Production Lic…
State or jurisdictionGeorgia
ObligeeGeorgia Access to Medical Cannabis Commission

Essential point: Pin down whether this is your bond, then start the application. Ava can confirm the right state and license type if you are not sure.

Amounts can vary

Selected requirement: "$1,500,000 for Class 1 Production License; $625,000 for Class 2 Production Lic…. Other available requirements: "$1,500,000 for Class 1 Production License; $625,000 for Class 2 Production License.". Exact options still depend on the obligee, state, and underwriting.

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Overview

What it is.

Entities applying for a Class 1 or Class 2 Production License to cultivate, manufacture, and dispense low-THC oil. Required when: The bond or comparable surety must be obtained and proof provided to the Commission within 30 days of the license award.

Who usually needs it

Entities applying for a Class 1 or Class 2 Production License to cultivate, manufacture, and dispense low-THC oil.

Pricing & timing

What to expect.

Generic pricing

License bonds are required by state and local governments to ensure compliance with industry regulations. Typical Pricing:. • Small bonds (under $25,000): Typically $100–$250 per year (flat fee). • Larger license 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. Same-day approval is typical for many common license bonds. Some license bonds may price higher depending on the specific bond type, state program, or underwriting requirements.

Your quote determines the actual premium.

Typical timeframe

Issuance timeframe varies by bond type and underwriting

Timing can change when underwriting needs more information.
Application details

How it works.

  1. Start the application

    Confirm the bond and provide applicant and business details.

  2. Review the quote

    See the terms and premium before deciding to continue.

  3. Pay and sign

    Complete the required payment and signatures.

  4. Receive the bond

    Get the issued bond and filing or delivery instructions.

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Next step

Ready to move forward?

Start the secure application with this bond already selected, or ask Ava a question before you begin.

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