When a business makes an offer of services, it usually includes a note about being “bonded” and “insured.” In fact, in a business sector that requires such action, it’s best to work only with companies that are bonded, licensed and insured.
Being “bonded” means the bonding company has secured funds to be available if a consumer files a claim against the business offering services. Surety One, Inc. is your source for bonding if you’re part of the cannabis industry.
For example, when you are offering products and services related to recreational cannabis in California: “All participants in the industry, regardless of license class, will be obligated to file a California cannabis bond with the licensing agency that regulates his or her activity.”
It’s more than important to make sure you understand and comply with the licensing and bonding regulations in your state. It’s essential. The law states: The following cannabis-industry licenses will be issued (in California):
- Retailer selling cannabis goods to customers at its premises or by delivery
- Retailer (non-storefront)
- Distributor responsible for “transporting cannabis goods, arranging for testing of cannabis goods, and conducting quality assurance review of cannabis goods to ensure they comply with all packaging and labeling requirements”
- Distributor transport
- Testing laboratory
- Micro-business engaging in cultivation
Surety One, Inc. offers Surety Bonds (Commercial & Miscellaneous), Bid, Payment & Performance Bonds, and Fidelity Bonds. Contact us today for your bonding needs or to talk with a specialist. We are available to answer your questions and guide you to 100% compliance.
