Entities approved by the Arkansas Medical Marijuana Commission to operate as a medical marijuana dispensary. Required when: Upon receiving notice of approval for licensure as a dispensary from the Medical Marijuana Commission (must be posted within seven days of notice).
Overview
What it is.
Entities approved by the Arkansas Medical Marijuana Commission to operate as a medical marijuana dispensary. Required when: Upon receiving notice of approval for licensure as a dispensary from the Medical Marijuana Commission (must be posted within seven days of notice).
Who usually needs it
Entities approved by the Arkansas Medical Marijuana Commission to operate as a medical marijuana dispensary.
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.
StateARBond amount$100,000Term lengthAnnualObligeeArkansas Medical Marijuana CommissionRenewalThe bond is valid for a period of one year and may be extended for additional one-year terms at the option of the surety via continuation certificates and payment of additional premium.Bond classLicense BondCategoryHealthcareBondPERFORMANCE BOND Medical Marijuana DispensaryStatutory referenceArkansas Constitution of 1874, Amendment 98, § 8; MMC Rules Section V.10.c.JurisdictionState
