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.
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 de…
Typical timeframe
Issuance timeframe varies by bond type and underwriting
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.
StateGABond amount$1,500,000 for Class 1 Production License; $625,000 for Class 2 Production Lice…Term lengthAnnualObligeeGeorgia Access to Medical Cannabis CommissionRenewalLicensees must submit proof that the bond has been maintained for the year along with their annual license renewal application.Bond classLicense BondCategoryHealthcareBondMedical Cannabis Production License BondStatutory referenceO.C.G.A. § 16-12-211 and § 16-12-212JurisdictionState
