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Medical marijuana dispensary - license bond

All licensed cannabis dispensaries (medical and adult-use) in Ohio. Required when: Required prior to the issuance or renewal of a Certificate of Operation. Exemptions: Licensees may establish and maintain an escrow account in an Ohio financial institution in the amount of $50,000 instead of a surety bond.

Bond amount$50,000
State or jurisdictionOhio
ObligeeOhio Department of Commerce, Division of Cannabis Control

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: $50,000. Other available requirements: "The initial bond amount is $50,000. A licensee may petition the Division to reduce the amount to $15,000 after one calendar year of being fully operational and in compliance with all mandates. Further reductions or cancellation may be app…. Exact options still depend on the obligee, state, and underwriting.

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Overview

What it is.

All licensed cannabis dispensaries (medical and adult-use) in Ohio. Required when: Required prior to the issuance or renewal of a Certificate of Operation. Exemptions: Licensees may establish and maintain an escrow account in an Ohio financial institution in the amount of $50,000 instead of a surety bond.

Who usually needs it

All licensed cannabis dispensaries (medical and adult-use) in Ohio.

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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